eSewa Money Tranfer, a subsidiary of Nepali fintech major f1Soft International, has started remittance transactions from Malaysia. It is the second international expansion of the company after Japan. eSewa Money Transfer in a press statement said that it has partnered with the Malaysian company Valyou for remittance transactions. “With this, Nepalis residing in Malasiya can transfer money to Valyou agents, eSewa wallets in Nepal from Valyou wallets, and to any bank account in Nepal,” reads the statement.
According to the company, it is for the first time eSewa has launched wallet-to-wallet money transfer service. “It will make it easier for Nepalis in Malaysia to send money back home. The wallet-to-wallet service has freed them from reaching out to remit agents to transfer money,” said the company. eSewa Money Transfer informed that it will commence this service from other countries in the coming days.