Best Remit, Samsara-UK merge
Beset Remit-UK, a subsidiary of Best Holding Company, and Samsara-UK have merged.
Best Holding's chairman Bhim Udas and Samsara-UK chairman Rajaram Giri signed the merger agreement on Wednesday in Kathmandu. The merged company is named Best Samsara Remit.
Speaking at the signing ceremony, Udas said customers in Nepal will now be able to get remittance services through more than 1000 agents and sub-agents of Best Remit.
Officials at the new entity said that the merger will help discourage 'Hundi' system and use of banking channel for remittance. Nepalnews.com