Campaign to promote legal remittance with social impact
About
Applicant name: City Express Money Transfer
Innovation Name: Campaign to promote legal remittance with social impact
Innovation Type: Campaign
Website: http://www.ctxpress.com
Mission: Awareness among people to send remittance legally and contributing to the society
Innovation Description: The promotional campaign attracts the customers to participate which also creates the awareness among the people to send money through legal channel. This will help for the contribution on the nations’ entire economic growth as well as the person himself by getting all the benefits offered by the government for sending through legal channel.
The main attraction of the promotional campaign is its giveaways. The marketing and promotion of the campaign would create the buzz in the market that would attract the customers to participate. In order to increase the probability of winning the campaign, the customers do remittance multiple times. Till then they would be habitual on using the legal remittance channel. The remittance through legal channel will help for the contribution on the nations’ entire economic growth as well as the person, himself, by getting all the benefits offered by the government for sending through legal channel.
Innovation Inspiration: The need was spotted as the people used to look for easy way to send remittance back home which ended up in the illegal channel. The people sending remittance were cheated so many times from the fraudsters which used to be published and heard in media and by individuals. The main concern is to make people aware and attract to send remittance through legal channel. This will eventually benefit the people or customer themselves by safely sending their hard earned money back home as well as contributing directly to the society and entire economy of the country.
Who benefits from the innovation most? his innovation has benefitted everyone as the motive of everyone involved is fulfilled. The sender could send his money safely to the right hands and the receiver vice versa. Similarly the regulators policies are fulfilled and the MTOs and Tech companies products are been utilized by more frequent use of their service by the customers. But ultimately the sender after winning the rewards get benefitted individually. We can enlist followings who get benefited most by these campaigns :
• Remitters/Receivers and their families.
• All Stakeholders.
• Regulating bodies.
• Others who are directly or indirectly associated with this industry.
What are you most proud of about your innovation? Everyone is benefitted by the remittance service. On top of that this campaign has benefitted many people who are getting something additional from what they had earned. The story of the bumper winner is very admirable as from the prize the person has settled himself in his own country and impacting on the society he lives in by creating the job in his local market. All the stakeholders (customers/owners/staffs/
Status of Innovation: In-market
Innovation Active Since: 09/03/2017
Applicant Type: Private Company
Headquarter City: Kathmandu
Headquarter Country: Nepal
Year Founded: 2007
Main Category
Main Category Choice: Remittances For Social Impact
Why do you think you should win this category?:
City Express has been launching customer based promotional campaign to contribute to the society through the customers. The idea is to benefit customers in either small or big ways. There is an evidence of the bumper prize winner on how the life has been transformed to some extent (you tube video links mentioned). The experience is growing every year as the social impact due to this campaign has created so many opportunities in the local market. The customers are benefited directly through this campaign and also from the similar kind of campaigns launched by other competitors to be in same line with us in the industry. On an average 1000 customers are being benefited directly from these campaigns every year. 106 customers in 2017, 1120 customers in 2018 and 916 customers in 2019 have been benefited either in cash or kind because of these campaigns. We perhaps couldn’t aware all the customers at once but the few experienced customers would definitely share experiences within their circle i.e. indirect promotion of legal remittance.
Secondary Category
Secondary Category Choice: End-user Experience
Why do you think you should win this category?
The remittance send by the remitters should be easily obtained by the receivers. From this campaign the customers get benefitted by winning different rewards while using the various service products such as Bank Account deposit, cash withdraw, mobile wallets or e-wallets and also get educated to the modern ways of receiving and sending money with ease. Over the last few years, many digital Wallets have emerged significantly in Nepal and people are now slowly inclined towards the cashless transactions. So the company has tied up with the major wallet companies in Nepal namely Esewa, Khalti and Cell Pay which covers the 90% of mobile application business in Nepal. These mobile money services have simplified and have accessed people even living in the remote areas.
Company has tied up with these wallet companies for following digital services :
– Domestic remittance from Wallets (mobile/web/agents) to city express’s agents all over Nepal.
– Wallet load from City Express’s Agents in Nepal.
– Receiving international remittance to Wallets.
Team Members
Full Name: Chandra Tandan
Role: Managing Director
Linkedin: https://www.linkedin.com/in/
Full Name: Subhas Gyawali
Role: Head-International Business Development
Link: https://www.linkedin.com/in/
Full Name: Madhu Kumar Lama
Role: Marketing Manager
Link: https://www.linkedin.com/in/
Full Name: Sagar Khanal
Role: Business Development Manager
Link: https://www.linkedin.com/in/
Supporting Links
Winner of the bumper prize winner: https://www.youtube.com/watch?
Entry Representative
Full Name: Chandra Tandan
Role: Managing Director
