Integrated business of IME and GME remittance starts

KATHMANDU:IME and GME Remit have started integrated business after the merger. Nepal Rastra Bank Deputy Governor Bam Bahadur Mishra inaugurated the integrated business on Wednesday. The new organization formed after the merger has become a company with a paid-up capital of more than one billion.

Inaugurating the integrated transaction, Deputy Governor Mishra stated that IME remittances make a significant contribution to the development of the formal sector. He also stated that the combination will help to make remittance services more convenient, technologically advanced, and accessible.

On the same occasion, IME President Chandra Prasad Dhakal recalled the company's early days, when it began as a little counter at a money exchange roughly 25 years ago. Chairman Dhakal stated that IME was founded because he noticed the difficulties that many Nepalis have while transferring their earnings to their family owing to the informal, informal, and dangerous methods he used to send money to Nepal while residing in Japan.

President Dhakal stated that IME will be taken to the public ltd soon. President Dhakal stated, "This is our next initiative to make the people the owners."

Chairman Dhakal also stated that as the size of remittances grows and digital technology advances, remittances can now be sent directly to wallets or bank accounts via digital means, so he believes Nepal Rastra Bank will facilitate the expansion of remittance companies' jurisdiction.

Hemraj Dhakal, who took over as chairman of IME Limited following the merger, stated that IME has established itself as a driver of the country's socioeconomic transformation by connecting remittances to the formal economy, and he expressed his commitment to continuing as a leader in digital remittance.

President Dhakal stated that easy access to digital remittance services will be developed in rural places, taking into account customer expectations and market need.

He stated that the group hoped to connect ordinary people with the formal sector by expanding its digital remittance service to the local level. Diwakar Paudel, the newly appointed executive leader of IME, expressed his commitment to making the overall remittance service simpler, easier, and more technologically sophisticated following the merger.

Paudel said that there is an honorable integration between GME Remit, which is providing targeted labor services in emerging countries such as Korea and Japan.