Last Updated on September 25, 2024
Nepal is on the 20th, list of inward remittance countries in the world, accounting for 10% of its GDP from remittance taxes. The government charges a 15% tax on the agent commission. Although many national and international remittance companies are available, here are the top remittance companies in Nepal.
Best remittance companies in Nepal
It is the longest-running comprehensive payment solution owned by the IME group In Nepal. Although it was initially focused to expand its business in the Gulf and East Asia countries now it is available everywhere in the world.
It has already become the most preferable and trusted brand among the Nepali people because of it ages and vast payment network throughout Nepal.
Contact information
- Email: [email protected]
- Phone:+977-1-4217600
- Fax:+977-1-4425800
- Toll-Free:16600-151515 (/NTC Customer Only)
2. Prabhu Money transfer;
It was established in 2002 as a remittance company when Prabhu Bank, “A level commercial bank in Nepal obtained the license to operate international remittance service. Just like IME, it also started its foreign business from Malaysia and Gulf countries. Now it has offices around the world including America, Asia, and the African continent.
Contact information
- Prabhu Group Inc.
37-15, 73rd Street, USA Jackson Heights, NY 11372 - Phone:Â +1-718-554-6742
- Fax:Â +1-718-651-6080
- Email:Â [email protected]
3. Himal Remit;
It is powered by web-based money transfer technology and brought by a Himalayan bank limited in Nepal. This company has the largest payment network across the country covering cities, towns, and villages. More than 35000 payout locations including Himalayan bank branches and Himal remit agents across Nepal.
Although it has not as many international offices as IME and Prabhu it is partnered with many banks, remittance, and money exchange companies around the world. You can send money through the local bank or remittance companies and payout through its network in Nepal.
Contact information
- Himalayan Bank Ltd
- Corporate Office Building
- Kamaladi, Kathmandu
- +977-1-4246218, 4246219, 4227749, 4250201
4. Western Union
It is a world-leading international money transfer company supported in 200 countries with 500,000 payout locations around the globe. American based corporate company has the capacity to handle 34 transactions each second it pays the instant cash to the beneficiary in Nepal while other money transfers take a few hours even a day to make their international transaction live for the agents in Nepal.
It has come in fourth place in Nepal because most of the Nepali do not use this network because it is available in towns and cities not in the village. Another reason it does not provides a competitive exchange rate and service charge also high comparatively local money transfer companies.
Contact information
- Headquarters Denver, Colorado
- 7001 E Belleview Ave
80237
5. City express
It one of the fastest-growing money transfer companies in Nepal and part of the City group which has operates the various brands in several sectors, including information technology, Share trade, travel and tourism, hospitality, visa processing, and retail so, on.
The company was established in 2007 after getting a license from Nepal Center bank to conduct the remit services. The company is partnered with overseas money transfer companies to make individuals easy to send money from any part of the world.
It has become popular among the remitters in India and South Korea because of low service charges and high exchange rates. By now there are 7500 agents covering almost every province and the district of Nepal.
Contact information
- Kathmandu Nepal
- Email [email protected]
- Telephone +977-1-4431900
- Toll-Free 16600 11 12 13 (Nepal only)
6. Money gram;
It is another international money transfer company in Nepal. MoneyGram provides person-to-person money and payment services through a regional network of around 350 000 locations in over 200 countries.
Although it has limited offices in Nepal, most of the local remittance companies including IME, Prabhu, CityExpress, and Himal are partnered to payout the money to the beneficiary through their agents across the country. If anyone sends money through Moneygram the beneficiary can collect it from any remit agents all over the country.
7. I pay remit
This is one of the new remits company which has come in the best remittance companies list in Nepal, because, it has operated only 5yrs from now but has succeeded to draw the high volume of the national and international Nepali remitters. It was founded in 2011 headquartered in Kathmandu the capital city of Nepal.
I pay provides B2B and B2C services for both domestic and international remit transactions.
Individuals can send money using this network from Saudi Arabia, Malaysia, Qatar, Bahrain, UAE, Kuwait, Oman, UK, Australia, USA, Canada, Europen Union Nation, and others.
Contact information
8. Best remit Nepal;
It was formerly registered under the name of the best remit but now it has changed the name to GME remit. The company has been providing the cash to cash and cash to account services to its customers from both in Nepal and overseas.
GME Remittance became famous because it was based on the non-resident Nepalese citizen’s investment.
Contact information
4th Floor,
Hathway Complex,
Lainchaur, Kathmandu,
Nepal – 44600
Hotline 4024061/2/3/4
Toll-Free 1660-01-999-88 (Nepal only)
[email protected]
9. Samsara remittance;
The organization has licensed from the Nepal Rastra bank to send money domestically and internationally. Since it was established in 2006 samsara has been providing very best services to Nepali people to send money from any part of the world.
Although Samsara has not any overseas branches it is a partner with the world-leading money transfer companies including world remit, Moneygram, Instant Cash, Small World, RemitR, and Bux.com. If any money sending through these above flatforms Samsara could pay in Nepal through cash or bank deposit.
Contact information
Narayanchaur, Naxal, Kathmandu, Nepal
P.O. Box – 5048
Tel.: +977-1-4441724
Fax no. +977-1-4444754,
Toll-free: 16600 171819
10. Thamel remit;
Theme remit is powered by Siddhartha Bank which is A level commercial bank in Nepal and brought by ThemelRemit private limited.
This online money transfer company has registered in the Center bank of Nepal to provide the online money transfer services for NRN (Non-resident Nepalese) and American tourists to Nepal. The individual who has a US bank account can send money to Nepal into the beneficiary account.
Thamel remit recently works only sending money from US soil to Nepal but the sender must have a US bank account. More…
- Contact information
- +977-1-4416175, 4416888
- +1-866-356-1201 (USA Toll-Free)
- Email:Â [email protected]
Conclusion: Although the central bank of Nepal has theorized 24 organizations for remit services most of them are inactive or limited business. These above-listed companies are the most trustworthy and top 10 remittance companies in Nepal.
