KATHMANDU, Oct 9: Hamro Patro, in collaboration with Nabil Bank, has launched a new service that enables instant money transfers from abroad to any bank account in Nepal using Visa and MasterCard.
The announcement was made on Monday following the signing of a Memorandum of Understanding (MoU) by Pradeep Nepal, head of Nabil Bank and Suraj Gautam, Senior Engineering Manager at Hamro Patro.
According to a press release issued by Hamro Patro, the new feature, named EasySend, allows users to transfer funds instantly by entering their card details directly within the Hamro Patro app. According to the company, there are no fees associated with these transactions.
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“EasySend offers a fast, secure, and convenient solution for those abroad looking to send money to Nepal,” stated Hamro Patro. The service is designed to facilitate personal payments and support for family members, making it easier for Nepalis living overseas to send funds back home.
Once a transfer is initiated, the amount will be instantly deposited into the recipient's Nepali bank account, allowing immediate access to the funds. The process for transferring money is straightforward and can be completed in just a few simple steps, the press statement said.
To use EasySend, users must first create an account by providing basic personal details to establish a secure profile. After setting up their account, users need to input the recipient's bank account information and their Visa or MasterCard details to proceed with the transfer. Hamro Patro has assured that all payments are processed securely.
This new service is expected to significantly benefit the Nepali diaspora, providing them with a convenient way to support their families and manage financial transactions across borders.