Oct 05

Press Release: TerraPay on unlocking digital payment capabilities in Nepal through strategic partnerships with eSewa Money Transfer and GME Remit

TerraPay has announced strategic partnerships with eSewa Money Transfer and GME Remit, in offering cross border payments to and from the Himalayan region – Nepal. Staying focused on empowering the global payments ecosystem participants, TerraPay leverages its strengths through digital unification. Nepal being an important market, collaborating with leading partners like eSewa Money Transfer and GME Remit, further strengthens the drive to achieve financial inclusion, globally. Partnering with eSewa Money Transfer, the largest mobile wallet company in Nepal, TerraPay enables the delivery of funds in real-time into over 2.9 million wallets in Nepal. This integration adds the Mobile Wallet delivery in addition to the Bank Account service TerraPay
currently provides.

Speaking on the launch of the partnership, Ajesh Koirala, CEO, eSewa Money Transfer stated, “We are pleased to be partnering with TerraPay to expand our Digital Mobile Wallet and Bank Deposit service to the Nepali diaspora across the world. This will enable TerraPay to offer a fast, reliable, and affordable service to customers across the globe.”

TerraPay’s partnership with GME Remit has come at an opportune time to enhance cross border payment capabilities into the Nepal region with our combined expertise in digital payment services. “We at GME Remit are very pleased to connect with TerraPay’s payments infrastructure. This strategic alliance would be enabling seamless remittance transfers in Nepal through a
renewed drive by GME upgrading the capabilities in the digital space. Payments processed to Nepal through TerraPay’s network will be now be reinforced by GME’s quick, safe, and dependable method of working, to support overseas Nepalese migrants in making real-time money transfers to their loved ones back home.” said Dibakar Paudel, Managing Director/CEO, GME Remit Pvt. Ltd.

“We are focussed on our drive to offer universal, transparent, and secure digital cross border payments through our global scalable networks. Entering Nepal through our collaborations with leading partners, eSewa Money Transfer and GME Remit, further boosts our capabilities in providing for an inclusive global financial ecosystem,” said Ambar Sur, Founder, and CEO of TerraPay.

About TerraPay

TerraPay is a licensed digital payments infrastructure and solutions company helping connect diverse payment systems seamlessly to move funds in real-time. TerraPay’s investors include Prime Ventures, Partech Partners, the International Financial Corporation, and its founding team.

For more information, please visit terrapay.com

About eSewa Money Transfer

Nepal’s first online payment gateway is a comprehensive online payment solution. With eSewa digital wallet, customers can pay, send, and receive money simply using their mobile phones and the internet instantly. Established in 2009, eSewa is licensed by Nepal Rastra Bank as a Payment Service Provider.

For more information, please visit https://esewaremit.com/

About GME Remit

GME Remittance Nepal offers secure and trusted means of transferring money both effectively and proficiently. The company is incorporated under the Nepalese Companies Act and regulated by the Nepal Rastra Bank. The company is highly committed to serving all different nationalities residing in different parts of the world. Through its modern and adept remittance facilities, GME Remittance Nepal ensures smooth and swift delivery of its services to the remitter’s beneficiaries in Nepal.

For more information, please visit http://www.gmeremit.com.np/

Press Contact: Anwesha Mukherjee, +91-971-724-1606