Send Money to Nepal

Nepal is one of the most remittance-dependent countries in the world, with international transfers accounting for over 25% of GDP, one of the highest ratios globally. The country receives approximately $10 billion in remittances annually from its diaspora of over 4 million workers abroad. For many Nepali families, remittances are their primary or sole source of income.

The largest remittance corridors to Nepal originate from the Gulf states, Qatar, Saudi Arabia, UAE, and Kuwait, where millions of Nepali workers are employed in construction, hospitality, and service industries. Malaysia, the United States, United Kingdom, Australia, and South Korea are also significant sources. Each corridor has different cost profiles: Gulf-to-Nepal transfers benefit from intense competition and low fees, while US/UK-to-Nepal transfers offer more provider choices with varying rate quality.

Nepal Rastra Bank (the central bank) regulates all inbound remittances and has been promoting digital channels to reduce reliance on informal hawala networks. The Nepali rupee (NPR) is pegged to the Indian rupee at a fixed rate of 1.6 INR = 1 NPR, meaning INR exchange rate movements directly affect NPR rates. Recipients can receive money through bank deposits, cash pickup at locations across Nepal, or mobile wallets like eSewa and Khalti.