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Crosspay and Global IME Bank Nepal join hands to launch digital remittance service in Nepal

Kathmandu and London: Crosspay, one of the fastest-growing worldwide money transfer service providers partners with Global IME Bank Nepal, one of the well-established and recognized banks in Nepal.

Crosspay, one of the fastest-growing worldwide money transfer services provides a secure and convenient digital platform to make global money transfers. Users can access the application with smartphones and computers. It is a coming of the age service which is working towards a goal of providing one of the best digital platform and the best alternative to traditional money transfer service providers.

More than 60,000 Nepalis live in the UK. The remittances of these people contribute a lot to the development of Nepal’s economy. Nepal’s remittance was nearly $8.1 billion in the year 2016 and stands one among the list of world remittance chart. It also contributes 31.9% GDP to the Nepal economy.

Partnership with Global IME Bank Nepal also expands Crosspay’s service and remittance network in Nepal. With this expansion, Crosspay customers can transfer money from Denmark, Sweden, Norway, and the UK to Nepal with the option of direct account credit.

Global IME Bank is one of the well-established and leading banks in Nepal with its goal-focused primarily on improving customer satisfaction with their services. It works hand in hand with the digital technologies in making their platform accessible in every corner of Nepal. By partnering with Crosspay, Global IME Bank is creating a new scope in the remittance sector of Nepal. The partnership will also give Nepali citizens living abroad to experience the most secure and convenient remittance platform.

Crosspay was established by Rakesh Kurian in the year 2015 and has been successful in expanding remittance services to over 30 countries across Africa, Asia, Australia, Europe, and North America.

Mr. Janak Sharma Poudyal, CEO of Global IME Bank said:

Global IME Bank Ltd. is amongst the top five banks in Nepal having one of the highest capital base and customer networks. We have a greater market reach with 121 branches, 79 branchless banking points in Nepal, and the representative office in India, Australia, and UK.

Inward remittance is one of the most focused areas of the Bank. So far we have our presence in Malaysia, Qatar, UAE, Bahrain, Saudi Arabia, S. Korea, Australia, UK, and India. We promote both cash payment and bank transfers. Our payment partners are IME Ltd. and GME Nepal Pvt. Ltd. with more than 7000+ agent networks all over Nepal.

Rakesh Kurian, founder, and CEO of Crosspay said:

Crosspay is working every day on making remittance one of the handiest and convenient platform for our customers across the globe. By partnering with Global IME Bank, we welcome our Nepal customers to the family of Crosspay and providing them with the simplest tool of sending money to their families and friends back home. This is another milestone in our mission of making Crosspay one of the world’s most customer-centric remittance platform.

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GDP source: https://www.theglobaleconomy.com/rankings/remittances_percent_GDP/