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MoneyGram Partners with IME Limited and IME Digital to Expand Digital Access of its Global Platform to Millions of Consumers Across Nepal

Gyanmandu: MoneyGram International, Inc. (NASDAQ: MGI), a global leader in cross-border P2P payments and money transfers, today announced that it has partnered with IME Limited and IME Digital, a Digital wing of IME Limited , to expand digital access of its global platform through IME Pay app and enable consumers in Nepal to receive remittance directly into their mobile wallets.

The partnership is another example of MoneyGram’s digital transformation, as it provides remittance customers the opportunity to connect to the company's digital platform along with its widespread agent networks in over 200 countries and territories. This will enhance customer experience through both MoneyGram’s digital and walk-in channels and is expected to help customers in Nepal claim remittance directly through the IME Pay app.
 


“We’re proud to partner with IME Digital and IME Limited to enable millions of people the option to receive money into their wallets,” said Riz Sohail, Head of Global Strategic Sales and South Asia at MoneyGram. “This is especially important during the ongoing COVID-19 pandemic so that families can receive money from the comfort of their own homes.”

Nepal is home to over $8 billion in remittance flow, making the country one of the largest remittance markets in Asia. Nepal is also one of the key focus markets for MoneyGram within the South Asia region and the partnership will provide convenience for MoneyGram customers in Nepal. As a launch offer, IME Digital is offering an additional sum of 60 Nepalese Rupees for the customers who receive MoneyGram transactions in to their IME Pay wallets . The offer is valid till 31 December 2020 and is subject to applicable terms and conditions.

"The IME brand has become synonymous with Money transfers in Nepal and is trusted and loved by the Nepalese diaspora around the world. With the looming challenges of the COVID-19 pandemic, the safety of our customers is of utmost importance. IME Pay will help our customers use our services from the comfort of their home as customers now have an option to receive remittance directly into their wallets and make necessary fund transfers via various options available on the app" said Hem Raj Dhakal, Chairman of IME Digital. "As and when the situation improves, customers can easily withdraw required cash from their wallets by visiting the nearest agent outlets", Dhakal added.

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