11th December 2021, Kathmandu
Nepalese can now receive money from loved ones worldwide from Ria Money Transfer directly to the Khalti through City Express.
City Express Money Transfer, Nepal’s pioneering money remittance company, and Ria Money Transfer, a business segment of Euronet Worldwide, Inc. (NASDAQ: EEFT) and global leader in the cross-border money transfer industry, have partnered together to allow Nepali migrants living abroad the ability to send money to loved ones in Nepal from Ria to the Khalti Digital Wallet via City Express Money Transfer.
Ria is a global leader in cross-border payments with the second largest global network with 500k+ locations in over 160 countries and territories. It bridges the physical and digital gap, thanks to its global network of 507,000 Ria locations, offering greater accessibility, security, and flexibility to customers.
Khalti is one of the leading Digital Wallets & Payment Gateway with 2 million+ registered users.
It transforms the lives of Nepalese by offering access to finance through a real-time digital solution with widespread national reach, leading it to become one of the digital leaders in the country in just 5 years.
With 39% of the population of Nepal having no bank account and 18% not using any financial product, Khalti and Ria have made it their mission to empower a nation driven by financial inclusion.
Speaking about the agreement, Khalti’s Chief Executive Officer, Mr. Binay Khadka, shared,
“We are committed to meeting our customers’ demands with a best-in-class value proposition in this digital platform.
This partnership is access to fast and secure payment for customers to seamlessly send money across borders online or using a mobile device.
We expect this will help people even from rural places to receive money from their loved ones living abroad without any hassle.”
Thanks to this partnership with Ria, the Nepali diaspora worldwide will benefit from greater convenience to send money home in real-time, while beneficiaries across the country will receive their funds from abroad quickly and securely to one of the most popular mobile wallets in Nepal – Khalti.
This alliance means that 2 million registered Khalti users can now reap the benefits of this new initiative in real-time within a convenient and safe ecosystem.
According to the World Bank, $8.1 billion in personal remittances were sent to Nepal in 2020, accounting for just over 24% of the country’s GDP.
To send money, the sender needs to
- Go to the Ria app,
- Tap on Send Money and Choose Nepal as the destination
- Enter the total amount to send and
- Select Khalti inside Mobile Money Transfer along with the recipient’s details and send
To receive money, receivers don’t need to do anything. The amount will automatically be loaded in their Khalti Wallet, and the transaction can be seen from Transaction History.
Khalti has been a young, trendy, and innovative brand in the Fintech Industry of Nepal. Currently, millions of people regularly use Khalti themselves and also through its widespread agent network. Users can recharge their phone, TV, pay their internet bill, insurance premiums, Government Revenues, Waste Management Bills, buy domestic flight tickets, newspaper subscriptions, online shopping sites payments, and various other digital payments services.
