Like in 2020, remittances are expected to increase in October this year, with Nepalese workers overseas sending money back home as gifts and dakshina to support those nearest and dearest to them for Dashain, which will be important for Nepal’s continued economic recovery.
Nepalese workers overseas play a vital role in keeping communities functioning and have continued to help their loved ones back home through the course of the pandemic. Remittances to Nepal are 20 times higher than two decades ago and make up 22.5% of Nepal’s current gross domestic product, providing a crucial source of income for families in Nepal.
Scott Eddington, Managing Director of Asia-Pacific at WorldRemit, said: “With many Nepalese in Australia separated from their family for the holiday season for the second year in a row due to international travel restrictions, we know how important sending money home for Dashain and Tihar will be.”
“When you are sending money home to be closer to your loved ones this Dashain, it’s important that you choose a provider that will help you get the most out of your transfer. WorldRemit is fast, safe, transparent and provides great value.”
Whilst Nepalese celebrate the holiday with loved ones from afar, Eddington has the following tips for sharing Dashain with families and friends with money transfers to Nepal:
Through WorldRemit, Nepalese can send money to family and friends in Nepal from a mobile device or computer, at any time of day or night, with no need to queue or check opening hours or put health at unnecessary risk. The WorldRemit app and website are always open, and the customer care team are on hand 24/7 to help.
Users can receive up-to-date exchange rate notifications, delivered straight to their mobile, so they can see when it’s the best time to send a transfer. WorldRemit customers can send money to a bank account at 60+ banks including the leading banks like NIC Asia Bank for cash pickup at 7,500+ SamsaraRemit agent locations, or straight to an eSewa or Khalti mobile wallet in just a few minutes.
WorldRemit has strict verification processes to ensure all customers are fully identified, which makes sure that customers are provided with industry-leading safety standards.
WorldRemit is committed to giving transparency when it comes to transfers. The WorldRemit website and mobile app will always show fees and total cost upfront, helping users save money when they send money home to Nepal. It’s free to set up an account, and there are no registration fees or subscription fees. Additionally, WorldRemit has a transfer tracker, so customers can see where funds are, so both the sender and receiver have visibility into every step of the process.
WorldRemit prices are on average 46% cheaper than sending money abroad using most banks in Australia, including ANZ Bank, Commonwealth Bank, Citibank, Bankwest, NAB, ING Bank, St George Bank, Suncorp and Westpac. According to the same study, WorldRemit is also on average 22% cheaper than Western Union and Moneygram.
It’s easy to get set up with WorldRemit to start sending secure money transfers to Nepal. The user simply registers an account and verifies their identity electronically, and then they are ready to send money.
Follow these easy steps to get started:
Sending money should always be an easy and convenient experience. With WorldRemit’s leading money transfer features, every Nepali can have a great experience supporting and celebrating with their friends and family back home during Dashain and Tihar.
To learn more about digital remittances or how to send a money transfer, visit worldremit.com.au
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