Pay Reliable Remittance Pvt. Ltd which operates under the Brand name “ I – Pay Remit ” was incorporated on 4 NOV 2011 A.D. under the Company Act 2063 as per the Laws of Nepal. It took the Operating License from Company Registrar Office and Simultaneously took the Money Transfer license from the Central Bank of Nepal (Nepal Rastra Bank ) to conduct business as a remittance company in pursuant to section 3 of Foreign Exchange (Regulation) Act, 2019. It is regulated by NRB the central bank of Nepal.
It’s a 5 year Old Remittance Company having its Head Office at Tangal – 4 , Bhatbhateni, Kathmandu , Nepal. i-Pay remit operates in both business segment Domestic and International. Currently we operates in both Inward and Outward Remittance services segment in the domestic market segment and only Inward remittance services in International Market.
In a span of five year’s we have managed to grow our market share from 1% to 13% ranked fourth in terms of market share and has managed to grow as the as the number 1 (one) remit company in terms of business volume growth year on year , highest disbursement & Collection agents network, web based technology support system, real time online remittance management, Lowest transfer fee, alternate payout agent network, real time Payout from International corridors,
Our Module of business is in both B2B segment and B2C segment. Under business 2 business module we have tied up with various A class Commercial Banks, financial Institution, Corporate firm, Investment Companies, Various remit and sub- remit companies registered under laws of Nepal. Under the business 2 consumers segment we have our own branch network to facilitate the services of remittance. Apart from that IPay has started online remittance service in both International & Domestic segment.
IPay Remit with both its Web based and Non- Web based services through its Internationals Business Associates has helped more than 1 Million Migrant workers to send their hard earned money to their families residing in Nepal through fast ,safe and reliable way by using various cutting edge technologies and collaboration from Saudi Arabia, Malaysia, Qatar, Bahrain, UAE, Kuwait, Oman, UK, Australia and others.