With the new service, non-resident Nepalese people can deliver money home without having to visit a retail location. After completing the online registration process, consumers can send money to the desired recipient via a debit card. The recipient will be notified through an SMS that their cash is available for collection at any of Lamix Bank's or United Remits locations across Nepal. Customers who own an account at Laxmi bank can choose to directly credit that account, in which case the funds are available to draw down the next banking morning.
“mtxpress” is a service that offers peer-to-peer remittances via the internet. “mtxpress” will be rolled out globally during 2010, focusing on the South East Asia and African corridors.