Nepal Remit

What Nepal Remit does

Nepal Remit International Pvt. Ltd. is a Kathmandu-based, privately held international remittance operator founded in 2005 that enables overseas Nepalese to send money from corridors including the USA, UK, Europe, Australia, UAE, Japan, Jordan, Kuwait, Malaysia, South Korea, and Saudi Arabia into Nepal. Its four core products are: (i) Hassle-Free Cash Payouts across a network of 15,000+ payout locations in Nepal, (ii) Instant Account Deposit into partner bank and credit cooperative accounts, (iii) Remittance Direct to Wallet for instant credit to Khalti, IME PAY, and Prabhu Pay mobile wallets, and (iv) Secured Transfer leveraging bank-account validation. Underlying technology is a remittance processing platform with bank-account validation, online transaction tracking, and digital-wallet integration capabilities rather than disclosed proprietary AI or ML systems.

The company's go-to-market is direct-to-consumer for diaspora senders combined with a two-sided partner model: international Money Transfer Operators and agents handle the origination side in each sending country, while on the receiving side the company relies on contracted distribution through Rastriya Banijya Bank (265 branches, 46 extension counters, 20,000+ agents under a 2023 agreement) and Agriculture Development Bank (300+ branches and 12,000+ agents under a separate 2023 agreement), plus digital-wallet payout rails. Revenue is generated exclusively via per-transaction service fees that vary by sending country (for example, USD 0-9 from the USA, GBP 0-5 from the UK, AED 0-20 from the UAE, JPY 0-1500 from Japan), with no disclosed subscription, FX margin, or float-income streams. The company is privately held by CEO Sagar Khanal (and Chairman Ritesh Mittal per supplemental leadership data) with no disclosed venture capital, private equity, or public-market backing, and is positioned as a Nepal-focused corridor niche player competing against larger global MTOs.

Compliance posture includes stated GDPR-aligned data-protection practices and anti-money-laundering / anti-bribery / IT policies, intended to support cross-border operations in regulated sending jurisdictions.

Name

Nepal Remit

Legal name

Nepal Remit International Pvt. Ltd.

Website

https://nepalremit.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

11–50 employees

Short description

Nepal Remit is a Kathmandu-based, privately held international remittance operator founded in 2005 that enables overseas Nepalese to send money into Nepal via cash pickup, bank account deposit, or digital wallets across 15,000+ payout locations and bank/agent partnerships.

Ownership category

akta.pro rank

Product category

Cross-border Money Remittance Services

SIC

Finance Services (6199)

akta.pro primary industry

Consumer P2P International Remittances (FSAGAKAA)

akta.pro secondary industry

Consumer Remittances (P2P) (FSAMAIAA)

Keywords

• International money transfers
• Remittance services
• Cash payout services
• Bank account deposits
• Digital wallet transfers

Headquarters

HQ city

Kathmandu

HQ country

Nepal

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Transaction/Service Fees: Per-transaction service charges based on the sending country. Fees vary by country with minimum and maximum ranges. Countries include USA (USD 0-9), UK (GBP 0-5), Europe (EUR 0-9), Australia (AUD 0-3), UAE (AED 0-20), Japan (JPY 0-1500), Jordan (USD 3-8), Kuwait (KWD 0.50-1), Malaysia (MYR 5-20), South Korea (KRW 0-5000), Saudi Arabia (SAR 0-15).

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels4 records

Core offering

Nepal Remit International Pvt. Ltd. operates a remittance platform that enables Nepalese expatriates in countries such as the USA, UK, Europe, Australia, UAE, Japan, Jordan, Kuwait, Malaysia, South Korea, and Saudi Arabia to send money to recipients in Nepal. Funds are disbursed through four delivery channels: cash pickup at 15,000+ payout locations, direct bank account deposits at partner banks and credit cooperatives, instant digital wallet transfers to Khalti, IME PAY, and Prabhu Pay, and secured transfers with bank account validation. The company has operated since 2005 and maintains partnerships with Rastriya Banijya Bank and Agriculture Development Bank.

Product overview

Nepal Remit International Pvt. Ltd. operates as a remittance services platform offering four interconnected core services: Hassle-Free Cash Payouts through a network of over 15,000 physical locations, Instant Account Deposit to partner banks and credit cooperatives, Remittance Direct to Wallet for digital wallets (Khalti, IME PAY, Prabhu Pay), and Secured Transfer with bank account validation. The platform enables overseas Nepalese to send money from countries including USA, Europe, Australia, Japan, Jordan, Kuwait, Malaysia, South Korea, Saudi Arabia, UAE, and UK to recipients in Nepal via multiple payout methods.

Differentiator

Problem solved

Functional benefit

Products and services

• Hassle-Free Cash Payouts Cash payout remittance service enabling recipients in Nepal to collect transferred funds in person from a network of over 15,000 affiliated payout locations spanning all seven provinces, including urban and rural areas.
• Instant Account Deposit Bank account deposit remittance service that credits transferred funds directly to recipient accounts at partner banks and savings/credit cooperatives across Nepal's urban and rural regions, with a prompt-credit guarantee.
• Remittance Direct to Wallet Mobile wallet remittance service enabling direct transfers to Nepalese digital wallets including Khalti, IME PAY, and Prabhu Pay, giving recipients instant access to funds via their mobile phones 24/7 without visiting a physical location.
• Secured Transfer Bank account validation and secured transfer service that verifies recipient bank account details before initiating a transfer, designed to ensure funds are delivered to the intended recipient safely.

Quantifiable outcome

• Funds readily available within minutes at affiliated locations
• +2 more outcomes

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature3 records

Partnerships

Six partnerships are on record, tiered core.

• Rastriya Banijya Bank (Banijya Bank)coreChannel Partner/ Reseller/ Distributor · 1 March 2023Remittance agreement signed between Rastriya Banijya Bank and Nepal Remit International. Expat Nepalese worldwide can now disburse remittance through all banking points and outlets. Remittances can be received from 265 bank branches, 46 extension counters, and over 20,000 remit agents nationwide. Agreement signed between CEO Kiran Kumar Shrestha (Bank) and CEO Sagar Khanal (Nepal Remit).
• Agriculture Development Bank (ADBL)coreChannel Partner/ Reseller/ Distributor · 1 March 2023Remittance agreement between Agriculture Development Bank and Nepal Remit International. Customers can receive remittances from 300+ bank branches, extension counters, and 12,000+ remit agents across Nepal. Agreement signed between CEO Govind Gurung (Bank) and CEO Sagar Khanal (Nepal Remit).
• Khalti Digital WalletcoreTechnology or IntegrationNepal Remit enables direct transfers to Khalti digital wallet, allowing recipients instant access to funds via mobile phones without needing to visit physical locations.
• IME PAYcoreTechnology or IntegrationNepal Remit enables direct transfers to IME PAY digital wallet, providing instant mobile wallet access to remittance funds for recipients.
• Prabhu PaycoreTechnology or IntegrationNepal Remit enables direct transfers to Prabhu Pay digital wallet, granting recipients instant access to transferred funds through their mobile devices.
• Partner Banks and Credit CooperativescoreChannel Partner/ Reseller/ DistributorExtensive network of partner banks and credit cooperatives throughout Nepal, accessible in both urban and rural regions, facilitating fast and reliable account deposit transactions.

Scale indicators7 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• MoneyGram: MoneyGram operates a global remittance network with direct bank-deposit and cash-pickup coverage in Nepal. It is a direct substitute in the Nepal corridor from major Nepali-diaspora source countries.
• Xoom (a PayPal service): Xoom, owned by PayPal, is a digital remittance provider with strong US-to-Nepal flows via bank deposit and mobile wallet. It overlaps with Nepal Remit's US corridor and bank-deposit product.
• Western Union: Western Union is the largest global money transfer operator with extensive payout locations in Nepal and a deep migrant customer base. While it serves many more corridors, the US-Nepal and Gulf-Nepal flows overlap directly with Nepal Remit's core services.

Direct peers

• Wise (formerly TransferWise): Wise offers low-cost cross-border transfers from the US, UK, EU, and Australia — Nepal's largest send-side markets — directly to Nepalese bank accounts. It competes with Nepal Remit on price, speed, and digital UX for tech-savvy diaspora senders.
• Sewa Remit: Sewa Remit (Sewa International Money Remittance) is a Nepali-origin remittance operator with global agent coverage and similar bank-deposit and cash-pickup products aimed at the Nepalese diaspora in the Gulf, Malaysia, and beyond.
• Hamro Remit: Hamro Remit is a Nepal-based remittance service providing online money transfers from major Nepali-diaspora markets with similar multi-channel payout including bank deposit and cash pickup. It competes in the same niche corridor as Nepal Remit.
• Prabhu Money Transfer: Prabhu Money Transfer is a Nepal-headquartered remittance operator with its own pay-front (Prabhu Pay) wallet and global agent network. It directly competes in the same Nepal-to-from corridors and on the same wallet payout rails as Nepal Remit.
• WorldRemit: WorldRemit offers digital remittances to Nepal including mobile wallet, bank deposit, and airtime top-up. It is one of the most direct mobile-first competitors serving the Nepalese diaspora from Europe, Gulf, and Asia.
• Remitly: Remitly is a leading digital remittance platform with a strong US-to-Nepal corridor among its largest. It competes head-to-head with Nepal Remit for Nepali diaspora senders via mobile app, offering similar wallet/bank/cash payout options.
• IME (International Money Express) / IME Pay: IME Money Transfer is a major Nepal-based remittance company with extensive global send-side partnerships and a flagship digital wallet (IME Pay) that Nepal Remit integrates with. It is both a direct competitor and a payout partner, making it a dual-role peer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/nepalremit
• YouTubeyoutube.com/channel/nepalremit
• Facebookfacebook.com/nepalremit
• LinkedInlinkedin.com/company/nepalremit
• Instagraminstagram.com/nepalremit

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nepal Remit