According to Asgar Ali, chief executive officer of FonePay Pvt. Ltd., “We are proud that FonePay is part of the collaboration between Western Union and Nabil Bank, to deliver a new and unique money transfer service to the Nepalese community. As the demand for mobile solutions continues to grow, enabling international mobile remittances will help address evolving customer needs in a timely, efficient and proactive manner.”For more information on Western Union’s online and digital capabilities, including mobile applications and mobile money transfer services, please visit www.westernunion.com. About Western Union The Western Union Company (NYSE: WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders. As of June 30, 2013, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of approximately 520,000 agent locations in 200 countries and territories and approximately 115,000 ATMs. In 2012, The Western Union Company completed 231 million consumer-to-consumer transactions worldwide, moving $79 billion of principal between consumers, and 432 million business payments. For more information, visit www.westernunion.com. About Nabil Bank Nabil Bank Limited, the first foreign joint venture bank of Nepal, started operations in July 1984. Nabil was incorporated with the objective of extending international standard modern banking services to various sectors of the society. Pursuing its objective, Nabil provides a full range of commercial banking services through its 51 points of representation across the nation and over 170 reputed correspondent banks across the globe. Nabil Bank is fully equipped with modern technology which includes ATMs, credit cards, state-of-art Internet and Mobile Banking, and uses the world-renowned Core Banking System from Infosys Technologies System, Bangalore India. For more information, please visit www.nabilbank.com. About FonePay and eSewa FonePay Pvt. Ltd is a leading mobile financial services and e-commerce company in Nepal. It specializes in providing digital payment and money transfer solutions via mobile and/or the Internet. Targeting the banked customers, it provides a proprietary network of more than 30+ national banks in Nepal and offers interbank fund transfer and shared merchant payments where fund can be easily moved from one bank to another bank via mobile phone or Internet. For the unbanked economy, it hosts a shared wallet, eSewa,” and offers customers to receive, pay and send money digitally.
eSewa is a digital payment portal in Nepal, developed by F1 Soft International and owned by FonePay, that facilitates financial transactions via the web-based or mobile-based services. It has more than 31 valued member banks in its network.1. Network data as of June 30, 2013. 2. World Bank Migration & Remittances Fact Book 2011, World Bank. http://econ.worldbank.org/ WU-G WU-F