REMIIT and CASHWAY Announce Alliance to Facilitate Blockchain Money Transfers to Nepal

SINGAPORE, February 7, 2019 (Newswire.com) - REMIIT, a blockchain-based global remittance and payment platform that is focusing on expanding its overseas money transfer platform, will be bringing its services to Nepal to build a stronger network of money transfer service providers.

CASHWAY is a global remittance company located in Kathmandu, the capital of Nepal. With a philosophy of “Trust and Happiness,” CASHWAY has built a global network of 157 countries including South Korea, Japan, and the U.S. CASHWAY is specialized in providing total remittance services such as domestic remittance in Nepal, overseas remittance, and cash pickup. Despite Nepal not being known as a country that makes it easy for non-banking companies to obtain money transfer licenses there, CASHWAY was able to obtain a money transfer license from the Nepal Central Bank.

REMIIT appreciated CASHWAY’s deep know-how and is hoping that CASHWAY will play a role as a key partner of REMIIT in Nepal when REMIIT’s remittance platform is launched in 3Q as many Nepalese are residing in a large number of countries across the world.

Through the agreement, CASHWAY will participate in REMIIT’s remittance platform as an international remittance company processing inbound and outbound overseas remittances in Nepal.

REMIIT’s Head of Operations, Hunter Shin said, “This is the first achievement of REMIIT actively pursuing the overseas remittance market in South Asia.” He added, “Since REMIIT is focusing on the remittance market for overseas migrant workers, thus the number of overseas money transfer service providers located in Asia participating in the REMIIT’s overseas remittance platform will further increase.”

For more info contact: [email protected]

Source: REMIIT