Unlimited Remit: Remittance from Canada to Nepal & India Starts

Unlimited Remit, a groundbreaking remittance organization founded and run solely by Nepalese individuals, is thrilled to launch its money transfer service from Canada to Nepal and India. Renowned for its broad international coverage, the company delivers remittance solutions across 150 countries in 29 currencies. They excel in offering competitive rates and ensuring swift bank deposits within working hours in Nepal and India through an efficient, rapid, and secure online platform.

By adopting an entirely digital strategy and removing cash transactions at both ends, Unlimited Remit has significantly revolutionized the United States' remittance landscape. Their primary objective is to enable immigrants to transfer money securely, quickly, and digitally at low costs to their loved ones back home. With 272 million global migrants sending USD 930 billion each year, the company aims to minimize the hefty charges associated with conventional remittance channels. Remittance firms charge an average of 6.3%, while banks charge 10.66%, leading to a massive USD 60 billion in annual fees, according to the World Bank.

Unlimited Remit promises a user-friendly experience by allowing transfers through mobile or web apps, saving time and guaranteeing top exchange rates without any hidden costs. Their ultimate goal is for recipients to obtain the funds within minutes, in near real-time, avoiding unnecessary intermediaries while enhancing safety, swiftness, and affordability.

Allen Bailochan Tuladhar, CEO of Unlimited Remit, expressed his enthusiasm for extending their remittance services to Canada's Nepali and Indian communities: "Our commitment is to give our customers the best experience possible when transferring money back home, plus ensure they get the most competitive rates and prompt bank deposits in Nepal and India."

In compliance with Canada's Financial Transactions and Reports Analysis Centre (FINTRAC) regulations and membership with the Better Business Bureau (BBB), Unlimited Remit operates legitimately on a global scale. It serves its users' varied requirements through entities in Singapore, the United States, Canada, the United Kingdom, Qatar, and Nepal.

To commemorate its launch in Canada, Unlimited Remit will offer numerous promotions during the initial months. New users will benefit from instant discounts varying from CAD 5 to CAD 100 based on different sending thresholds. Transferors of amounts exceeding CAD 10,000 may receive a CAD 15 instant cash discount multiple times. The company has incorporated EarnSikka (https://EarnSikka.com) as a loyalty program, granting Sikka points for every transaction which can be used towards future transfers. Users employing referral codes will earn 650 Sikka points, rewarding both sender and recipient. Furthermore, Unlimited Remit is hosting a lucky draw during this festive season with NPR 18 lakhs worth of Sikka prizes up for grabs. Both beneficiaries and senders may win Sikka rewards ranging from Sikka 50 to Sikka 100,000.