KATHMANDU, APRIL 21
MoneyGram International, Inc, a global leader in cross-border P2P payments and money transfers, has announced a partnership with F1soft Group's subsidiary, eSewa Money Transfer Pvt Ltd, one of Nepal's fast emerging 'digital first' remittance companies.
The partnership will enable MoneyGram customers around the globe to send money to family and friends in Nepal directly into the beneficiary's bank account or eSewa wallet, as per a media release.
While the account deposit service has been launched, the service to eSewa wallet is expected to be launched shortly.
With connectivity to more than 65 banks, including all major banks, the account deposit service can deliver funds to bank accounts held with most banks across Nepal.
With over 4.2 million registered eSewa wallet users in Nepal, the upcoming service to eSewa wallet will be a huge milestone in Nepal inbound remittances.
A version of this article appears in the print on April 22, 2021, of The Himalayan Times.