IME launches new remittance product Edupay

IME Ltd. has launched its new service product Edupay, a remittance based education fees payment service, the first service of its kind in Nepal, from 18 September 2013. This service aims to replace the traditional fees payment pattern and ease parents/guardians of the students by giving them opportunities to make the fees payment from any of IME's 2600 plus agent network in Nepal.

IME in association with Higher Secondary Schools' Association of Nepal (HISSAN) had organized an interaction program on Edupay to get the feedback from the member institutions of HISSAN as well as Private and Boarding Schools' Organization Nepal (PABSON). With a great support and positive response from HISSAN and PABSON members, Edupay service has been launched.

We believe that Edupay will ease the guardians/parents of the students to pay the tuition fees from the most accessible IME agent in the most convenient way without any hassle. This will ultimately save time and resources for the parents/students. Furthermore, this service will also benefit educational institutions to receive the payment of students' fees through alternative channel quickly from any parts of Nepal and thereby improving their cash flows. Plans are afoot to launch this service overseas for Nepalese residing and working in foreign countries too, making it possible for them to remit school/college fees of their children in Nepal through IME’s international agent network.

Edupay is indeed IME's introduction of its Consumer –to- Business (C2B) model of non-traditional, alternative payment solution for educational institutions through remittance. IME is committed to keep its legacy of fast, reliable and secure remittance services to its valued customers by bringing diversity in its service products.

IME, Global IME Bank, PABSON & HISSAN sign MoU on setting up a 1 million scholarship fund

Meanwhile, corroborating company’s four pillar CSR philosophy covering Health & Safety, Education, Environment and Community Giving, IME in association with Global IME Bank signed an MoU with PABSON & HISSAN, umbrella organizations of private schools and higher secondary schools of Nepal in setting up a 1 million worth scholarship fund aimed at providing scholarships to meritorious, intelligent, financially disadvantaged, needy, girls, indigenous students of Nepal to study at PABSON and HISSAN affiliate schools and higher secondary schools every year for a five year initial term.

Detail criteria for inviting applications and awarding scholarship will be finalized by a 7-member committee to be chaired by Chairman of IME.