Web-based Remittance

In traditional remittance, the sender visits an agent abroad and the receiver collects cash from an agent in Nepal. Web-based remittance moves this process online:

• The sender registers on the remittance company's or bank's website or app, completes KYC and pays by card or bank transfer abroad.
• The remittance system generates a transaction with a control number (PIN).
• In Nepal, the receiving partner (bank, remittance company or agent) pays the beneficiary in cash against the control number and ID, or credits the amount directly to a bank account or digital wallet.

For banks and remittance companies in Nepal, web-based remittance also refers to the online systems that link them with overseas principals, through which payout instructions are received and processed in real time.

Benefits include speed, lower cost, convenience for migrant workers and a shift from informal hundi to formal channels. Risks include cyber fraud, identity theft and misuse for money laundering, so providers must follow NRB's foreign exchange and AML/CFT directives, including KYC, transaction monitoring and reporting of suspicious and threshold transactions.

परम्परागत विप्रेषणमा पठाउने विदेशमा एजेन्टकहाँ र पाउने नेपालमा एजेन्टकहाँ जानुपर्थ्यो। वेबमा आधारित विप्रेषणमा:

• पठाउनेले विप्रेषण कम्पनी वा बैंकको वेबसाइट/एपमा दर्ता, KYC र विदेशमा कार्ड/बैंकबाट भुक्तानी गर्छन्।
• प्रणालीले नियन्त्रण नम्बर (PIN) सहित कारोबार बनाउँछ।
• नेपालमा साझेदार बैंक, विप्रेषण कम्पनी वा एजेन्टले नियन्त्रण नम्बर र परिचयपत्रका आधारमा नगद दिन्छ वा सिधै बैंक खाता/वालेटमा जम्मा गर्छ।

नेपालका बैंक र विप्रेषण कम्पनीलाई विदेशी साझेदारसँग जोड्ने अनलाइन प्रणालीलाई पनि यसले जनाउँछ। फाइदा: छिटो, सस्तो, सजिलो र हुन्डीबाट औपचारिक माध्यमतर्फ सर्ने। जोखिम: साइबर ठगी, पहिचान चोरी र सम्पत्ति शुद्धीकरण; त्यसैले नेपाल राष्ट्र बैंकको विदेशी विनिमय र AML/CFT निर्देशन पालना अनिवार्य छ।