News And Events

IME Ltd. and Weizmann jointly launch Indo-Nepal Remittance Service

October 9, 2017

Mumbai, 30 Sept 2017: IME Ltd. and Weizmann Impex Service Enterprise Ltd together have announced the launch of Indo-Nepal Remittance services. Through this partnership Nepalese migrant workers in India can now easily remit money to Nepal which will be facilitated by Weizmann’s 200 Branches and 14,000+ retail agent points, across India. This partnership is in association with RBL Bank and Global IME Bank Ltd.

The receivers in Nepal can receive the amount through more than 6800 agent locations of IME in Nepal. IME will provide account deposit facilities to these customers besides cash payment options.

Speaking on the occasion Chandra Prasad Dhakal, Executive Chairman of IME Ltd. said “The start of services between IME and Weizmann will open new doors for migrant Nepali workers in India. Weizmann is a leading player in the retail foreign exchange market while IME is the largest remittance company in Nepal and this new service will help remittance inflow from India facilitating people to send money easily to Nepal. We believe that with this money transfer service corridor in place, it would be highly beneficial to Nepalese residing in India, to send money to their friends and family in Nepal.”

Speaking on the occasion Sandeep Sharma, Business Head of Weizmann Impex Service Enterprise Ltd. said, “Weizmann is one of the largest companies that has helped more than 25 million customers to receive monies from their relatives living aboard. We are delighted to partner with IME Ltd in order to extend our offering to Nepalese working in India, who wish to send money to their relatives living in Nepal. IME’s reach in Nepal and our presence in India coupled with best in class technology will surely add ease to the lives of close to over 5 million Nepalese living in India and their relatives back home.

Remitting money is so easy that the customer can simply visit any of our 14000+ JaldiCash enabled stores across India. This tie-up will open new doors to facilitate smooth transfer of money from India to Nepal.”

Sujatha Mohan, Head – Digital and New Initiatives, RBL Bank, said: “RBL Bank is a pioneer in emerging technologies in the banking space, and we are at the forefront of the digital revolution sweeping the Indian banking and financial sector. Our partnership with IME and Weizmann Impex Service Enterprise will enable financial transactions by using the latest payment related technologies. This will enhance business operations and provide improved customer experience. We are confident that bridging transactional gaps between Nepalese workers in India and their families back home will make remittances convenient and efficient for a large number of Nepalese people living in our country.”