Sending Money to Nepal from the UK and Gulf Countries

Remittances are the backbone of Nepal's economy, accounting for over 25% of GDP. More than $10 billion is sent annually by Nepali workers abroad, primarily in Gulf countries, the UK, and Malaysia. [Source: World Bank]

Best Providers for Nepal

Wise — Available for bank transfers to Nepal. Mid-market rate, transparent fees. Best for regular transfers from the UK and Europe.

Western Union — Extensive network in Nepal for cash pickup. Available from Gulf countries and the UK. Best for rural areas.

MoneyGram — Good alternative with competitive rates. Cash pickup at partner banks and agents across Nepal.

Fee Comparison (100 GBP/AED equivalent)

• Wise: ~£3.50 fee, real rate, 1-2 days
• Western Union: ~$6.99 fee, 3.25% margin, minutes
• MoneyGram: ~$5.99 fee, 2.68% margin, minutes

Tips for Nepal

1. Wise is best for UK senders — lowest fees and real exchange rates
2. Use bank transfers for larger amounts to minimize percentage costs
3. Gulf workers — check both Western Union and MoneyGram for cash pickup
4. Avoid exchange at airports — rates are significantly worse

Use TransfertCompare to find the best rates for Nepal.