Introduction
Ipay Reliable Remittance is the new form of Reliable International Remittance. It has
been licensed under the Central Bank of Nepal (Nepal Rastra Bank) & successfully
operating internationally and domestically as a remittance service. Ipay is providing full
fledged remittance services to its valued customers since its inception. We have
appointed more than 7,000 pay out agents throughout the country. We have been
providing remittance services in domestic and international level through its own
networks in Nepal and IPAY Financial Services Pvt. Ltd. (IPAY remit based in Australia,
Singapore and Malaysia), which is also the principal company or IRR, from the past few
months it have been working as a IPAY Remittance Company. IPay is committed to
remittance services taking advantage of innovations in information and communication
technologies and to extend reach to all the corner of the country. IPay is committed to
keep its valued customers well focused, prioritize its shareholders' return, provide better
facilities to its employees and finally play prudent role for economic growth of the nation
as a whole. IPay is always committed to provide better and prompt services to its
customers and as well believe on quality of services offered.
It is well known fact that, Remittance has played tremendous role in the economy of
Nepal. Many Nepalese people work abroad across many parts of the globe. In time
when Nepal has not been able to create jobs, many Nepalese working abroad have
contributed the nation with the inflow of monies from abroad. In the context to transfer
the hard earned money in safe and reliable ways via authentic software tools developed
by IPay Remittance, which is web based online remittance service. The product eases
remittance clients to transfer money in safe and reliable ways.
We have also been working as a principal agent for the Prithivi Express , Century
Remit, Siddhartha Remit.Besides these networks, we have also been working in close
association with various commercial banks, development banks, financial institutions,
co-operatives, investment companies and money transfer companies. Ipay has been
growing in a rapid pace in terms of developing networks and the volume of business
and aims to develop working association with all the banks and financial institutions by
channelizing the international remittance to the deposit accounts of the customers here
in Nepal.
IPay Remittance is run by professionals and expertise in it field of remittance and
governed by a Board of Directors comprising four board members i.e.
Suhrid Raj Ghimire, Chairman
Mr. Suhrid Raj Ghimire, the founder Chairman of Continental Group, one of the Nepal’s
premier business houses, has over 30 years’ experience in investment, finance,
distribution, manufacturing, transportation, agency, real estate etc. Mr. Ghimire has a
very strong involvement and experience in banking and finance sector in Nepal. Mr.
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Ghimire is one of the major promoters of Global IME Bank Ltd, ICFC Finance Ltd,
Reliable Development Bank Ltd. Mr. Ghimire is also the founder member & chairman of
Tilganga Eye Hospital, Kathmandu, Nepal
Purushottam Poudyal, Director
Mr. Poudyal commands widespread respect and admiration for his business acumen.
He has a very extensive involvement and experience in banking and finance industry in
Nepal. Mr.Poudyal’s focused vision, undivided dedication and constant efforts help the
group develop strategies for its ceaseless growth. He understands marketing very well
and has proven it in guiding Continental Group with a sound vision and strategic
framework as the vice-president of the group. His self-confidence and creativity set him
apart and has made him stand out from the rest. Besides, Continental, Mr. Poudyal
holds directorship in many companies, some of which are Singapore incorporated
companies. He is the Vice President of Fareast Associates Pte Ltd., a Singapore
company which deals in trade and logistic. He is also a Board Director in Grand
Spectrum Asset Pte Ltd., an investment company incorporated in Singapore.
Indra Prasad Sharma
Mr. Indra Prasad Sharma has had a prolific experience in the Nepalese financial sector
of over eight years as a young professional. Mr. Sharma held the directorship in Lord
Buddha Finance Ltd. for 4 years, which was later merged with two prominent financial
institutions of Nepal namely Global Bank Ltd. and IME Financial Institution Ltd to
become Global IME Bank Ltd. Under his directorship, he played a key role in providing
strategic support to Lord Buddha and also played an important part in the merger
process. He has been involved in NawaRajdhani Capital Investment and Securities Pvt.
Ltd., as the chairman and holds directorship of Lord Buddha Investment Pvt. Ltd. In
addition to these, he has been providing financial consulting services to various
companies in Nepal. He has been also sharing his experience as a lecturer in a reputed
national college of Nepal, Shankar Dev Campus. He is currently working as the
Executive Director of Reliable International Remittance Pvt. Ltd.
Aasis Poudyal
Mr Aasis Poudyal is currently the Cheif Operating Officer of continental Solutions
Seattle App Lab (Nepal). Continental Solutions Pvt Ltd is Software Company based in
Kathmandu which provides integrated solutions to its clients in USA, Europe and South
East Asia. His past experience includes International Marketing and business
development for Singapore based Money Services Business Company, Trans cash
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International Pty Ltd. He also serves as promoters in Reliable Development Bank, ICFC
Finance Company, Chayya Devi Center and Continental Solutions Pvt. Ltd.
AML Policy
IPay Remittance strongly follows AML policy which was regulated by the Organization
of American States and other major international organizations to fight money
laundering and terrorist funding activities. Keeping this in mind, we have implemented
the best AML practices. Our remittance software totally focuses on AML policy, OFAC
and other requirements of KYC principles. We have taken the necessary procedural and
control measures to provide our support in the fight against money laundering and the
financing of terrorism. We have established adequate procedures of customer due
diligence, reporting, record keeping, internal control, risk management and
communication to forestall and prevent activities related to money laundering.
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Ascertainment of customer identity
Enhanced KYC/DD (know your customer/due diligence)
Maintain full details of remitter/customer
System that controls monitors and reports suspicious transactions.
Reporting of unusual / suspicious transactions to Central Bank
Staff Training
Internal security measures
Vision
The vision of IPAY Remittance P.ltd is to become one of the most preferred and stand
out as an outstanding remittance company in the country in terms of quality service,
Customer satisfaction, network, capital, investment and good governance.
Mission
Maintain market leadership in remittance services, throughout the country by enhanced
customer support and by continually upgrading latest technology & agents/Payout
network expansions within the country and facilitate customers with superior service.
Objectives
To achieve the highest standard of professionalism by providing best-in-class service
and convenience at an affordable price .To leverage on modern and latest technologies
to serve the needs of customers in the most secured, efficient and cost effective
manner, and then pass on the benefits to our customers.
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IPAY CAPITAL STRUCTURE
Authorized capital
Issued capital
Paid Up capital
:
:
:
NRS 50 Million
NRS 50 Million
NRS 50 Million
Organizational Structure
Excutive
Director
BOD ( Chair Person)
Business Dev. Manager
Marketing
Head
Finance/Accounts
Operation/ Compliance
WHY TO CHOOSE IPAY???
We provide a friendly and cost effective remittance service which you can trust and rely
upon. We always focus to reach all our customers and facilitate for their convenience.
We consider the following as our merits of the company.
1. First company to introduce Account Deposit facility in the Banks & Financial
Institutions of Nepal.
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2. Highest disbursement network in Nepal (more than 1500 partners for just-in-time
delivery, with major payout agents consisting of banks and financial Institutions).
3. Easily accessible collection agents at convenient locations & other countries.
4. Web-based technology (can be accessed directly from our website).
5. 24*7 online supports.
6. Real-time online remittance services.
7. Advice on remittance request at the receiving end for prompt processing.
8. Lowest transfer fee and transparently competitive exchange rates without any
hidden costs.
9. Proven security system and compliance.
10. Alternate payout agent in every location (in case of any complication, customer
can get service from very next network office nearby)
Our Services
Ipay Reliable Remit is a premium online customer-focused and technology-driven
Money Transfer service. The remittance system is designed for our geographically
disbursed customers to help them in easy, convenient and safe money transfer
anywhere in the world. The state of the art remittance system can be accessed through
our website as well. Mentioned below are some of the salient features of our remittance
service.
 Large number of payment locations across the country in excess of 2500
 365 days service
 Real time payment from international corridors
 Direct bank account deposits
Networks of Ipay
Our international associated Partners in Malaysia, Dubai & Qatar are GPL Remittance ,
Metro Remittance , NS Cash Point , TML Remittance , Akbar Money Changer,
Economic Exchange, Joyalukkas Exchange, Al Ghurair Exchange, Alfradan Exchange,
Al Zaman beside these partners we have sister parent company based on Dubai ,
Singapore, Australia and are the exclusive national disbursement agent for Nepal.
Beside these International associated partners we have also been working as a super
agent with Prithivi Remit, Siddhartha Remit, Century Remit of Nepal.
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International Network
U
K
Singa
pore
Ko
re Ja
Hong
pa
a
Mala
Kong
n
ysia
Aust
ralia
IPAY Domestic Networks:
We are providing remittance service to most of the districts of Nepal through our own
agents. In Nepal, we have been able to develop over 2500 local disbursement partners
as a domestic remittance services. Our networks are quite diverse in terms of
geographical locations which help us to provide our services to our diverse customers at
their doorsteps.
CONFIDENTIALITY TO BE MAINTAINED:
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Ipay Agent or financial institution should have to maintain confidentiality regarding their
works. The staff, official or representative thereof shall not disclose any financial
information provided by the clients or by the office mgmt.
ADDRESS
Ipay Reliable Remittance Pvt. Ltd.
GPO Box: 23544,
Tangal- 4, Bhatbhateni, Kathmandu, Nepal
Ph: 977-1-4435139, 4435158
E-mail:[email protected]
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