KATHMANDU: Global IME Bank Limited has entered into a groundbreaking partnership with myZoi, a UAE based digital financial platform, to offer seamless and secured remittance services from the UAE to Nepal. This collaboration enables users to send money easily through myZoi’s app to any bank accounts in Nepal or collect remittance from any branches of Global IME Bank or over 50,000 agent locations of IME across the country.
This collaboration is a significant milestone in Global IME Bank and myZoi’s shared mission of uplifting lives and enabling dreams through innovative financial solutions. By streamlining remittance transfers, this collaboration contributes to enhancing financial inclusion for underbanked individuals, in line with myZoi’s global vision.
"We are thrilled to partner with myZoi, a pioneering digital platform with a strong focus on financial inclusion," said Suman Pokharel, Deputy CEO of Global IME Bank Limited. "This reinforces our commitment to providing accessible and reliable remittance services to the Nepalese diaspora in the UAE, empowering them to support their families back home more effectively."
myZoi, a subsidiary of Standard Chartered Bank, focuses on affordable financial solutions for underserved populations. "We are excited to embark on this journey with Global IME Bank, ensuring that Nepalese workers in the UAE have access to a quick, convenient and secure way of sending money to their loved ones," said Syed Ali, Chief Executive Officer of myZoi.
With this partnership, Global IME Bank and myZoi look forward to supporting the growing remittance needs of the Nepalese community in the UAE, with plans to further expand and enhance their services in the future. In addition, myZoi will also extend its proprietary MoneyTips program to Nepalese workers and their families.
In recognition of its excellence, Global IME Bank has been recently awarded Best Bank in Nepal by Euromoney for 2024. Global IME Bank is the first private sector bank in Nepal with a branch Network in all 77 districts of the country. The bank has over 1,100 service centers, including 354 branch offices, 384 ATMs, 255 branchless banking services, 68 extension and revenue collection counters, and 3 foreign representative offices.
In addition to providing banking services to Nepali citizens, the bank also facilitates inward remittances from a wide range of countries, including the United States, United Kingdom, Canada, Australia, Malaysia, South Korea, Japan, Saudi Arabia, Qatar, UAE, Bahrain, Kuwait, India, Jordan, and Hong Kong, and more.
