Many people from Nepal live in foreign countries, and this
trend is increasing every year. There are many reasons for leaving own country.
Some go to find better jobs or working opportunities, while some go there for
higher-level education and study purposes. However, few of them go traveling.
Whatever the reasons the main target of majority people for leaving the country
is good earning.
After earning money in abroad, people need to send it to their relatives and family members. To transfer money every person wants a fast, easy, secure, and economical platform.
There are many remittance
companies through which we can send money in Nepal. So, it is not an easy task
to choose the best platform among them.
Hamropatro, a popular calendar app in Nepal, recently announces their hamropatro remit service. The service providers claim that they provide the best and economical remit service throughout the country.
A tweet posted November 11, 2021, by Hamropatro's Twitter account reveals that if you want to transfer the US $1000 to Nepal, your relatives get Rs 1,17,075.88 (based on the exchange rate on Nov 10), which is the highest amount as compared to other platforms. The comparison was done with five other remit service providers of Nepal.
 |
| Tweet from Hamropatro |
According to Rudra Pandey, chairman of Hamropatro transferring money from abroad should be as easy as paying money for shopping at a local store. To fulfill this requirement of many Nepalese people they have launched hamropatro remit.
He also reveals that
there are two major platforms through which Nepalese staying in foreign
countries send their money – bank and money transfer agencies. Although, those
services have some limitations. Using a bank is costly and time-consuming as a
long process and paperwork are necessary, whereas money transfer agencies
provide fast service but their service charge is very expensive.
He also added that Nepal could grow remittance dollars if there were available a convenient and economical money transfer facility. With the consideration of those difficulties, hamropatro teams announce remittance service.
The feature is in its initial state and engineers are trying to make
more improvements to this platform. The service is now only available for
United State to Nepal transaction, but in the future, the team will extend the
service throughout the world.
How much are the service charges?
First three money transfer using bank is free in Hamropatro
remit. It means that the transfer fee is not required for the first three
transactions through the bank. Though, for a debit card, this offer is not
valid. The transfer fees for debit card and bank are as follows.
Amount
|
Transfer fee using Bank
|
Transfer
fee using Debit card |
Less than $100
|
$1.99* |
$3.99 |
|
$101-$300 |
$3.99* |
$6.99 |
|
$301-$500 |
$4.99* |
$9.99 |
|
$501-$700 |
$5.99* |
$14.99 |
|
$700-$1000 |
$6.99* |
$19.99 |
* Indicates that first three transfer is free.
Note: The fees are according to current date and they could vary in future
Conclusion
Hamropatro remit is a new experiment from the hamropatro
team. It is secure, fast, and economical according to the team. The service is
available only for the USA at this moment, but in future, it will be expanded
to the whole world. The first three transactions are free for using the bank,
but the offer is not for debit card.