The mobile money transfer service to Nepal integrates with eSewa, a digital wallet platform in Nepal with approximately 200,000 registered users. The functionality has been developed through the partnership of Western Union, its Agent Nabil Bank and FonePay, the owner of eSewa.
Consumers in Nepal who subscribe to the eSewa mobile wallet are able to receive a Western Union Money Transfer transaction on their mobile phones or through eSewas web interface. International money transfers for mobile pick-up can be initiated at westernunion.com in 23 countries or at participating Western Union Agent locations worldwide.
Nabil Bank, a joint venture financial institution of Nepal, was founded in July 1984. Nabil Bank is equipped with ATMs, credit cards, Internet and Mobile Banking and uses Core Banking System from Infosys Technologies System, Bangalore India.
FonePay is a mobile financial services and e-commerce company in Nepal. It specializes in providing digital payment and money transfer services via mobile and/or the Internet. eSewa is a digital payment portal in Nepal, developed by F1 Soft International and owned by FonePay, that enables financial transactions via the web-based or mobile-based services.
In recent news, Western Union has renewed a multi-year agreement with Axcess Financial affiliate Check ‘n Go, a short-term, small-dollar lender. Under the terms of the agreement, the Check ‘n Go agent locations in the United States are set to continue to offer Western Union money transfer, money order and bill payment services.
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