Nepali workers residing in Saudi Arabia will now find it easier to send remittances back home, thanks to a newly established agreement between Bin Yalla Exchange and Nepal Remit International. This landmark agreement aims to streamline the process of remittance payments from Saudi Arabia to Nepal, offering enhanced convenience and accessibility to Nepali expatriates.
Under this agreement, Nepali workers in Saudi Arabia can now send remittances not only through traditional remittance counters but also via the mobile app of Bin Yalla Exchange to any bank account or wallet in Nepal. This advancement is expected to significantly reduce both the time and costs associated with remittance transfers, even for those residing in remote areas of Nepal while working in Saudi Arabia.
Ritesh Mittal, Executive Chairman of Nepal Remit, and Khursan Muhammad Hassan Al-Yalla, CEO of Bin Yalla Exchange, have signed the mutual agreement, marking a pivotal step towards strengthening the remittance corridor between the two countries.
Expressing his enthusiasm about the partnership, Ritesh Mittal highlighted the potential benefits for Nepali expatriates, emphasizing a commitment to making remittance transactions faster, simpler, and more secure. He underscored the strategic alliance as a means to enhance customer confidence in Nepal, ensuring a robust and reliable remittance service.
The collaborative effort aims to not only simplify financial transactions but also to foster greater financial inclusion among Nepali families dependent on remittances for their livelihoods. With this initiative, both Bin Yalla Exchange and Nepal Remit International aspire to set a new standard of efficiency and customer satisfaction in Nepal’s remittance market.
This partnership signifies a significant stride towards bolstering economic ties between Saudi Arabia and Nepal, facilitating smoother financial transactions, and reinforcing trust among Nepali expatriates in the Gulf region.
