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Remittance

“PRABHU REMIT” is one of the prominent services of the bank through which bank is delivering the Fund transfer services for overseas migrant workers and Nepalese residing in overseas. Similarly, domestic transfer services is also delivered within the country through broaden network agents. “PRABHU REMIT” service provide both domestic and international fund transfer services where bank has also promoted the “REMITTER” & “RECEIVER” to open the bank account with Prabhu Bank Ltd. PRABHU REMIT has tie-up with Prabhu Money Transfer for the domestic transfer of money through their network within the country. PRABHU REMIT is a brand amongst the Nepalese residing in overseas. Bank has tie ups with exchange houses, remittance service providers and banks in UAE, Kuwait, QATAR, SAUDI ARABIA, Malaysia, India, South Korea, Denmark, CYPRUS, UK and USA for remittance services.

International Remittance Partner : 20

No of Remittance pay out agents: 16000

Besides own branch network, the Bank has close tie up with Prabhu Money Transfer, the leading remittance company in Nepal which also operates overseas. Thus the bank has access to a network of more than 12000 pay out agents across the country. Prabhu Money Transfer is the only remittance company in Nepal which settles remittance transactions on real time basis. Thus, franchise with Prabhu Money Transfer has enabled the bank to provide fastest remittance service to its large number of customers in any part of the country. Besides local network, the bank has established account and correspondent relationship with various reputed banks as well as exchange companies around the globe to carry out trade and remittance businesses.

Local Payment Agents of Prabhu Money Transfer Nepal:

Prabhu Money Transfer has established network of 12000+ local payout agents which mainly include:

  • Commercial Banks – A Class Banking License (out of 27, 23 banks are the agent of Prabhu Money Transfer)
  • Development Banks – B Class Banking License ( 40 Dev. Banks)
  • Finance Company – C Class Banking License( 27 Finances)
  • Micro Finance Company – D Class Banking License ( 54 Micro Finances)
  • Cooperative Banks (3600+ with a/c credit facility)
  • Private Companies (12000+)

 

S.N. Remittance Company Country
1 Prabhu Group Inc USA
2 Prabhu Money Transfer Pvt.Ltd. INDIA
3 Valyou Sdn Bhd MALAYSIA
4 Merchanttrade Asia Sdn. Bhd. MALAYSIA
5 PLACID EXPRESS SDN. BHD MALAYSIA
6 LOTUS GROUP ENT. SDN. BHD MALAYSIA
7 RAK BANK |The National Bank of Ras Al-Khaimah (P.S.C) UAE
8 Delma Exchange UAE
9 Xpress Money Services Ltd. UAE
10 Almuzaini Exchange KSCC. KUWAIT
11 Kuwait Baharain International Exchange KUWAIT
12 Aman Exchange Company WLL KUWAIT
13 BANK ALJAZIRA SAUDI ARABIA
14 Prabhu Co. Ltd. SOUTH KOREA
15 CyrexPay Co. Ltd. SOUTH KOREA
16 CrossPay Ltd. UNITED KINGDOM
17 Al Fardan Exchange Co. LLC QATAR
18 Inpay A/S DENMARK
19 GS Cash Line Ltd. CYPRUS