Esewa Money Transfer partners with Lulu Money Singapore to facilitate remittance services for Nepalese migrants and their families
Esewa Money Transfer, a digital-first remittance company under F1soft Group which has been providing remittance services to Nepal from more than 200 countries across the world has entered into an agreement with Lulu Money, a leading remittance company based in Singapore which is part of the global financial services conglomerate LuLu Financial Holdings.
The agreement was officially signed by Mr. Daniel D Shrestha, Group Strategy Director of F1Soft Group and Director of Esewa Money Transfer on behalf of Esewa Money Transfer and Mr. Richard M Wason, CEO of LuLu Financial Holdings. This partnership between Esewa Money Transfer and LuLu Money aims to enhance the accessibility and efficiency of remittance services, enabling both companies to leverage each other’s network.
As part of the agreement, Nepalese expats working abroad can remit money to Nepal from any physical branch location across the GCC, Indian sub-continent and Asia Pacific region where LuLu Financial Holdings has its extensive network of 280+ branches. In addition, the senders can also use digital mediums such as the Lulu Money mobile app to send money to Nepal. This partnership will build upon existing capabilities to smoothen money transfer for numerous Nepali expats, while setting the groundwork for the subsequent incorporation of this service in various other parts of the world where LuLu Financial Holdings has a presence.
Meanwhile, the beneficiaries in Nepal can receive remittances from more than 13,800+ dedicated remit agents, 100,000+ cash pick-up enabled wallet agent locations of Esewa Money Transfer, major banks, financial institutions, along with their branches and directly in beneficiaries’ eSewa wallet. The senders can remit directly to any bank account or eSewa wallet from Lulu Money. The beneficiaries will also receive Rs. 77 instant bonus upon receiving remittance in their eSewa wallet.
Speaking during the signing, CEO of Esewa Money Transfer, Mr. Ajesh Koirala said, “We are delighted to partner with Lulu Money as our new remittance partner. With this agreement, we hope to connect more Nepalese expats working abroad to their families in Nepal and promote digital and formal remittance channels”.
About Esewa Money Transfer:
Esewa Money Transfer is the leading digital remittance company in Nepal that offers a blended model of world-class remittance services to Nepalese around the world. The service offerings are comprised of more than 13,800 dedicated remit agents, 100,000+ cash pick-up enabled wallet agent locations of Esewa Money Transfer, major banks, financial institutions, and their branches. Also, with access to 7.5 million+ eSewa mobile wallet users and any bank & financial institutions, where sending and receiving money is as easy as giving a few taps on a mobile phone. Incorporated in the year 2019 and licensed by Nepal Rastra Bank under foreign exchange regulation, eSewa Money Transfer is a part of F1soft Group that has been empowering more than 16 million population and 100,000 entities across the country through innovative fintech-based payment services.
About Lulu Financial Holdings:
LuLu Financial Holdings is a global financial services enterprise headquartered in Abu Dhabi. The company services a cross-section of society, powered by a robust network, reputed partners, and high standards of customer care. Its network of 280+ branches and digital payment solutions span several GCC countries such as Oman, UAE, Kuwait, Qatar, and Bahrain, as well as in India, Bangladesh, Singapore, Hong Kong, Malaysia and the Philippines, annually processing over 12 million transactions across various segments.
