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

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Press Release up to date: Feb 7, 2019 12:30 KST

REMIIT, a blockchain-based international remittance and fee platform that is specializing in increasing its in another country cash switch platform, can be bringing its services and products to Nepal to construct a more potent community of cash switch carrier suppliers.

CASHWAY is a world remittance corporate situated in Kathmandu, the capital of Nepal. With a philosophy of “Trust and Happiness,” CASHWAY has constructed a world community of 157 international locations together with South Korea, Japan, and the U.S. CASHWAY is specialised in offering general remittance services and products reminiscent of home remittance in Nepal, in another country remittance, and money pickup. Despite Nepal now not being referred to as a rustic that makes it simple for non-banking corporations to procure cash switch licenses there, CASHWAY was once in a position to procure a cash switch license from the Nepal Central Bank.

REMIIT preferred CASHWAY’s deep technology and is hoping that CASHWAY will play a task as a key spouse of REMIIT in Nepal when REMIIT’s remittance platform is introduced in 3Q as many Nepalese are living in a lot of international locations internationally.

Through the settlement, CASHWAY will take part in REMIIT’s remittance platform as a world remittance corporate processing inbound and outbound in another country remittances in Nepal.

REMIIT’s Head of Operations, Hunter Shin stated, “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 extra data touch: touch@remiit.io

Source: REMIIT

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