Partnership deal made for remittance transfer in Qatar

By A Staff Reporter,Kathmandu, Aug. 3: Global IME Bank Limited has entered into a strategic partnership with Gulf Exchange Company W.L.L., based in Qatar, to facilitate seamless remittance services for Nepali migrant workers in Qatar.  

Representatives of both institutions signed an agreement at the function held in Qatar on Thursday.

The agreement aims to provide an efficient and convenient channel for transferring money from Qatar to Nepal.

According to the agreement, Nepali migrant workers can send remittances through any of the 17 branches of Gulf Exchange Company W.L.L. in Qatar, read a press statement of the Bank. 

Additionally, the remittances can also be sent using the Gulf Exchange Company W.L.L.'s Remittance App, making the process more accessible and user-friendly.

The remitted funds can be collected from all branches of Global IME Bank across Nepal. 

Furthermore, the partnership extends the reach of remittance services through the 50,000-plus agent network of IME Limited and GME Remit throughout the country. 

This wide network ensures that recipients, even in remote areas, can easily access the remitted funds.

Nepalis residing in Qatar also have the option to send remittances directly to their own or their family members' bank accounts in Nepal, offering greater convenience and security, read the press statement. Global IME Bank is the first private sector bank in Nepal to establish a branch network in all 77 districts of the country. 

The bank operates over 1,100 service centres, including 354 branch offices, 384 ATMs, 277 branchless banking services, 68 extension and revenue collection counters, and three foreign representative offices.

In addition to providing comprehensive banking services to Nepali citizens, Global IME Bank offers extensive remittance services from various countries worldwide. 

The bank facilitates remittances from the United States, the United Kingdom, Canada, Australia, Malaysia, South Korea, Japan, Saudi Arabia, UAE, Bahrain, Kuwait, India, Jordan, and other countries, ensuring that the Nepali diaspora can easily support their families back home.

This new agreement with Gulf Exchange Company W.L.L. marks a significant step in enhancing the remittance services for Nepalese migrants in Qatar, providing them with reliable, efficient, and accessible options for sending money to Nepal.