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MoneyGram Partners with IME Limited and IME Digital to Expand Digital Access of its Global Platform to Millions of Consumers Across Nepal

• Gaun Sahar Reporter
• 30 Sep, Wednesday, 2020 | 17:20:00 Published

Kathmandu : MoneyGram International, Inc. (NASDAQ: MGI), a global leader in cross-border P2P payments and money transfers, today announced that it has partnered with IME Limited and IME Digital, a Digital wing of IME Limited , to expand digital access of its global platform through IME Pay app and enable consumers in Nepal to receive remittance directly into their mobile wallets.

The partnership is another example of MoneyGram’s digital transformation, as it provides remittance customers the opportunity to connect to the company's digital platform along with its widespread agent networks in over 200 countries and territories. This will enhance customer experience through both MoneyGram’s digital and walk-in channels and is expected to help customers in Nepal claim remittance directly through the IME Pay app.

“We’re proud to partner with IME Digital and IME Limited to enable millions of people the option to receive money into their wallets,” said Riz Sohail, Head of Global Strategic Sales and South Asia at MoneyGram. “This is especially important during the ongoing COVID-19 pandemic so that families can receive money from the comfort of their own homes.”

Nepal is home to over $8 billion in remittance flow, making the country one of the largest remittance markets in Asia. Nepal is also one of the key focus markets for MoneyGram within the South Asia region and the partnership will provide convenience for MoneyGram customers in Nepal. As a launch offer, IME Digital is offering customers who receive MoneyGram transactions in to their IME Pay wallets an additional sum of 60 Nepalese Rupees. The offer is valid till 31 December 2020 and is subject to applicable terms and conditions.

"The IME brand has become synonymous with  Money transfers in Nepal and is trusted and loved by the Nepalese diaspora around the world. With the looming challenges of the COVID-19 pandemic, the safety of our customers is of utmost importance. IME Pay will help our customers use our services from the comfort of their home as customers now have an option to receive remittance directly into their wallets and make necessary fund transfers via various options available on the app" said Hem Raj Dhakal, Chairman, IME Digital. "As and when the situation improves, customers  can easily withdraw required cash from their wallets by visiting the nearest agent outlets"

About MoneyGram International, Inc.

MoneyGram is a global leader in cross-border P2P payments and money transfers. Its consumer-centric capabilities enable family and friends to quickly and affordably send money in more than 200 countries and territories, with more than 75 countries now digitally enabled.

MoneyGram leverages its modern, mobile, and API-driven platform and collaborates with the world's leading brands to serve millions of people each year through both its walk-in business and its direct-to-consumer digital business.

With a strong culture of innovation and a relentless focus on utilizing technology to deliver the world's best customer experience, MoneyGram is leading the evolution of digital P2P payments.

About IME Ltd.

IME Ltd. is in the business of remittance solutions specializing in the delivery of world-class money transfer services to families and friends around the globe. With a legacy of 20 years, today IME Ltd. boasts of a widespread international presence spanning worldwide, a network of over 25,000 payout locations, a highly efficient workforce of more than 1000 diverse employees, and a customer base of millions. For years, IME Ltd. is proud to have transferred this happiness across the world. And, we will continue to do so.

About IME Digital Solution Ltd.

IME Digital has introduced mobile money service, with the brand name “IME pay”, under its digital financial services initiative. IME Digital Solution Ltd. is Nepal’s first licensed company to provide a digital payment solution. IME Digital Solution Ltd., a subsidiary of IME Group, provides digital financial services to customers in partnerships with banks/FIs as well as telecom operators and aggregators, deployed through self-service as well as agent-based delivery channels.