2 June 2020 – Valyou, a Malaysian mobile financial services business unit of Telenor Group has formed a partnership with eSewa, a licensed payment service provider by Nepal Rastra Bank which allow Nepalese to receive money from their relatives or friends in Malaysia by asking them to transfer money from their Valyou wallet in Malaysia directly to their eSewa app or bank account in Nepal.
With the partnership, eSewa Money Transfer has pioneered the first international wallet transfer service between Malaysia and Nepal. While this remittance service mostly focuses on Wallet-to-wallet transfer between the two countries, “Instant Bank Deposit” and “Cash Pickup” services are available as well.
Amidst the global Coronavirus pandemic, digitization of the remittance industry has become a much-needed facility in the context of Nepal. The partnership of eSewa Money Transfer with Valyou has made this possible and now Nepalese can receive money from Malaysia right in their eSewa wallet, or their bank account.
Ajesh Koirala, Managing Director of eSewa Money Transfer said, “We expect this service to be especially useful at the present when most of the shops are closed, and people are encouraged to stay inside their home as much as they can. This is only our small initiation in serving the Nepalese residing here, and in abroad to enjoy remittance service in an easy and affordable manner. We have already established a partnership in Malaysia, and in Japan, and hope to expand our services to other countries soon.”