Financial services firm UAE Exchange India has joined forces with Kathmandu-based Prabhu Money Transfer to introduce Indo-Nepal Remittance Service for its customers.
Indian residents and Nepal citizens living in India can now make transactions upto INR50,000 ($734) per transaction limit of 12 transactions per year to Nepal instantly through 377 branches of UAE Exchange India.
UAE Exchange India managing director V George Antony said: "We have taken a new step to assist the migrants from Nepal for sharing their happiness with dear ones facilitating instant remittance services.
“UAE Exchange provides unparalleled services to all your Indo-Nepal remittance through the wide branch network and connecting customers at their doorstep through digital means."
Through its branches, UAE Exchange India serves nearly a population of 1.25 million people under the support of 3375 employees. The company offers foreign exchange, outward remittance, money transfer, air ticketing and tours, loans, insurance and share trading.