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UAE Exchange waives service fee on remittances to Nepal

Additionally UAE Exchange offers NPR 10 million to support relief efforts.

As a gesture of solidarity with Nepali diaspora, global remittance, foreign exchange and payment solutions leader, UAE Exchange waived service fee on remittances to Nepal from all its centres around the world.

This facility will be available for a month. Additionally the remittance brand also offered NPR 10 million (Approx. AED 365,000) as humanitarian aid to support relief efforts to the quake-hit country.

Speaking at the cheque handover event, His Excellency Mr. Dhananjay Jha, Ambassador of Nepal to the UAE, said, “This earthquake can be counted as Nepal’s one of the worst disasters. World has responded overwhelmingly and at good speed. UAE Exchange has been one of the organisations to respond at the earliest. Nepali diaspora shares a strong bond with UAE Exchange, which works closely with them addressing their various financial requirements. This gesture by UAE Exchange is much appreciated and accepted with gratitude by the people of Nepal.”

“As a community-sensitive entity, our commitment is to support people in their hour of crisis and Nepal direly needs support at this time. It is in this context that we have waived service fee on remittance services to the diaspora for a period of one month starting 27th April, 2015,” said Mr. Promoth Manghat, Dy. CEO, UAE Exchange.

He said: “This facility will be offered across all branches of UAE Exchange, which is the world’s largest networked remittance brand. The remittance major has 750 branches across 32 countries and apart from Nepali diaspora, this service can also be utilised by individuals and humanitarian organisations wishing to send donations to Nepal hit by massive tremors. It is estimated that there are over 2.2 million Nepalese migrants across the world.”

Handing over a cheque of NPR 10 million to the Ambassador of Nepal, Mr. Manghat said: that “He hoped that the humble contribution together with the financial support pouring into Nepal from world over will help relief operations and rebuilding of Nepal.”

“The UAE has always been in the forefront in supporting countries and people affected by natural calamities and we are following the noble path shown to us by the rulers of this country that helping communities in need is an imperative for even businesses,” Mr. Manghat added.