Prabhu Money Transfer
Prabhu Money Transfer is a Nepal-based, privately held remittance company operating since 2002 that enables cross-border money transfers from 11+ countries to Nepal for the Nepalese diaspora, using a 6,000+ agent domestic payout network and a proprietary, VeriSign-secured platform.
- Company typePrivate
- Founded2002
- HeadquartersKathmandu, Nepal
- Headcount1,001–5,000
- GTM typeB2C
- OfferingServices
What Prabhu Money Transfer does
Prabhu Money Transfer P. Ltd. is a Nepal-registered private remittance company founded in 2002 and headquartered in Kathmandu, operating as the flagship venture of the diversified Prabhu Group. The company enables cross-border money transfers into Nepal from senders based in at least 11 countries — Bahrain, Kuwait, Malaysia, Qatar, Saudi Arabia, UAE, USA, Japan, Korea, Spain, the UK and India — and is described in its own materials as a leading and well-known remittance brand among the Nepalese diaspora in those corridors. Its service centers on two core products: Cash Pickup (collection at any of 6,000+ agent locations across Nepal using a control number and valid ID) and Account Deposit (real-time transfers directly into beneficiaries' bank accounts via correspondent banking relationships with nearly all major financial institutions in Nepal). Supporting features include Anywhere Payout, which allows beneficiaries to collect at any agent without pre-specifying a location, and a web-based Transaction Status Tracker for senders.
The company runs a proprietary remittance platform secured by VeriSign, with OFAC SDN list integration from the US Treasury Department for real-time sanctions screening and AML controls aligned with FATF, UN, EU and local regulatory standards (KYC, Source of Funds, End Use of Funds). It earns revenue through per-transaction service fees, with publicly disclosed corridor-specific pricing ranging from 1.00 BHD (Bahrain) to 35.00 USD (USA) and no backend charges or FX margins deducted at the beneficiary end. Distribution is overwhelmingly channel-based: 6,000+ domestic agent locations in Nepal, plus international agents and own staff deployed at partner exchange houses abroad. Strategic partners include Transfast, Sigue, CIMB, TML, EzRemit, Money Mobile, Instant, Oman Exchange and State Bank of India (the latter for India-to-Nepal flows via the RBI's NEFT system). The company is privately held, with no disclosed funding rounds, no public listing, and a headcount in the 1,001–5,000 range; it is led by CEO Ashok Sherchan.
Prabhu Money Transfer firmographics
Firmographics- Name
- Prabhu Money Transfer
- Legal name
- Prabhu Money Transfer P. Ltd.
- Website
- https://prabhumoneytransfer.com.np
- Company type
- Private
- Founded year
- 2002
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Prabhu Money Transfer is a Nepal-based, privately held remittance company operating since 2002 that enables cross-border money transfers from 11+ countries to Nepal for the Nepalese diaspora, using a 6,000+ agent domestic payout network and a proprietary, VeriSign-secured platform.
- Ownership category
- akta.pro rank
Prabhu Money Transfer industry classification
Industry- Product category
- International Remittance Services
- akta.pro primary industry
- Consumer P2P International Remittances (FSAGAKAA)
- akta.pro secondary industry
- Consumer Remittances (P2P) (FSAMAIAA)
Keywords
Where Prabhu Money Transfer is headquartered
LocationHeadquarters
- HQ city
- Kathmandu
- HQ country
- Nepal
- HQ region
- Asia
Offices1 record
Markets served
Prabhu Money Transfer business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain
Revenue model
- Transaction/Service Fees: Prabhu charges service fees per transaction, with fee structures varying by sending country. Fees range from 1.00 BHD (Bahrain) to 35.00 USD (USA), determined by regulatory changes, taxes, promotions, tiered sending limits, and market fluctuations. No deductions at payout - beneficiary receives exact amount sent.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Country-specific flat and range-based pricing |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
Prabhu Money Transfer product offering
Product offeringCore offering
Prabhu Money Transfer operates an international remittance service enabling Nepalese migrant workers and residents abroad to send money home to Nepal. The service is delivered through a 6000+ agent location network in Nepal for cash pickup and a correspondent banking integration for real-time bank account deposits, with send coverage spanning Bahrain, Kuwait, Malaysia, Qatar, UAE, Saudi Arabia, Japan, Korea, Spain, UK, USA, and India.
Product overview
Prabhu Money Transfer offers a unified remittance platform centered around Cash Pickup and Account Deposit as its core services, with supporting features including Anywhere Payout for flexible cash collection across Nepal and a Transaction Tracker for real-time transfer status monitoring. The company operates its own proprietary remittance software with a network of over 6000 agent locations and correspondent banking relationships with major financial institutions in Nepal. Send coverage includes Bahrain, India, Malaysia, Nepal, Qatar, Saudi Arabia, UAE, USA, Japan, Korea, UK, and Spain.
Differentiator
Problem solved
Functional benefit
Products and services
- Cash Pickup Simple, easy, quick, and hassle-free international cash transfer service allowing senders abroad to transfer money to any part of Nepal, where the receiver collects cash within minutes at a Prabhu agent location using a control number and valid ID. Designed for Nepalese migrant workers and residents abroad sending remittances to family in Nepal.
- Account Deposit Real-time money transfer service that deposits funds directly into an existing beneficiary bank account in Nepal, leveraging correspondent banking relationships with financial institutions across Nepal. Targeted at senders whose beneficiaries prefer direct bank account credit over cash pickup.
- Anywhere Payout Service allowing beneficiaries to receive money from any convenient Prabhu Money Transfer agent location within Nepal without needing to specify the exact payout location at the time of sending. Provides flexibility and convenience for recipients across the 6000+ agent network.
Quantifiable outcome
- Beneficiaries can receive money from any of 6000+ agent locations within Nepal
- +1 more outcomes
Companies that use Prabhu Money Transfer
Customer profileSegments2 records
Ideal customer profiles1 record
Prabhu Money Transfer technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Prabhu Money Transfer partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- TransfastcorePartnership for remittance network connectivity and money transfer services integration.
- SiguecoreRemittance network partner for international money transfer services.
- CIMBcoreBanking partner for financial transactions and correspondent banking services.
- Oman Exchange HousecoreExchange house partner in Oman for facilitating remittance from Oman to Nepal.
- State Bank of India (SBI)coreTie-up with State Bank of India enabling remittances to Nepal through RBI's NEFT system; supports Prabhu's international remittance operations to India.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Prabhu Money Transfer competitors and assessment
Company assessmentMarket position
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Prabhu Money Transfer social profiles
Digital presencePrabhu Money Transfer compliance and trust
Trust signalCompliance3 records
Prabhu Money Transfer financial estimates
Financial estimateRevenue estimate
Valuation estimate
Prabhu Money Transfer leadership team
Management profileNumber of profiles
Profiles1 record
Prabhu Money Transfer funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Prabhu Money Transfer M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Prabhu Money Transfer
What does Prabhu Money Transfer do?
Prabhu Money Transfer operates an international remittance service enabling Nepalese migrant workers and residents abroad to send money home to Nepal. The service is delivered through a 6000+ agent location network in Nepal for cash pickup and a correspondent banking integration for real-time bank account deposits, with send coverage spanning Bahrain, Kuwait, Malaysia, Qatar, UAE, Saudi Arabia, Japan, Korea, Spain, UK, USA, and India.
Is Prabhu Money Transfer a public or private company?
Prabhu Money Transfer is a private company. It is classified as corporate owned and is currently operating.
When was Prabhu Money Transfer founded?
Prabhu Money Transfer was founded in 2002. It employs 1,001 to 5,000 people.
Where is Prabhu Money Transfer based?
Prabhu Money Transfer is headquartered in Kathmandu, Nepal, in the Asia region.
How does Prabhu Money Transfer make money?
One revenue line is on record: transaction/Service Fees.
Does Prabhu Money Transfer have an API?
No public API is recorded for Prabhu Money Transfer.
What industry is Prabhu Money Transfer in?
Prabhu Money Transfer's product category is International Remittance Services. Its primary akta.pro industry code is FSAGAKAA, Consumer P2P International Remittances, with a secondary code of FSAMAIAA, Consumer Remittances (P2P).