Prabhu Money Transfer

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.

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

Product category

International Remittance Services

akta.pro primary industry

Consumer P2P International Remittances (FSAGAKAA)

akta.pro secondary industry

Consumer Remittances (P2P) (FSAMAIAA)

Keywords

• International money transfer
• Remittance services
• Cross-border payments
• Migrant worker remittance
• Cash pickup services

Headquarters

HQ city

Kathmandu

HQ country

Nepal

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. 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

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core 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

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core.

• TransfastcoreTechnology or IntegrationPartnership for remittance network connectivity and money transfer services integration.
• SiguecoreTechnology or IntegrationRemittance network partner for international money transfer services.
• CIMBcoreTechnology or IntegrationBanking partner for financial transactions and correspondent banking services.
• Oman Exchange HousecoreChannel Partner/ Reseller/ DistributorExchange house partner in Oman for facilitating remittance from Oman to Nepal.
• State Bank of India (SBI)coreStrategic or Co-development PartnerTie-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

Market position

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/Prabhu_Nepal
• Facebookfacebook.com/prabhumoneytransfer
• LinkedInlinkedin.com/company/prabhu-money-transfer

Compliance3 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 Prabhu Money Transfer