Send Money from Japan and Korea to Nepal (2026): Cheapest Ways, Real JPY/KRW to NPR Costs & the Limits Nobody Explains
Updated October 2026 · Written for Nepali students, restaurant and factory workers and Specified Skilled Workers in Japan, and for EPS (E-9) workers in South Korea sending yen and won home.

Short answer
The cheapest way to send money from Japan or Korea to Nepal in 2026 is a licensed remittance app funded by bank transfer, paid into a Nepali bank account or a verified eSewa, Khalti or IME Pay wallet. Bank wires from Japan Post Bank, MUFG, Shinhan or KB are usually the most expensive route for everyday amounts.
The rules differ a lot between the two countries. Japan asks for your My Number and most remittance companies cap each transfer at ¥1 million. Korea now tracks every foreign worker’s transfers across all banks and apps, with an app limit of USD 5,000 per transfer and USD 50,000 a year.
Compare on one number only: how many rupees reach your family. In October 2026 the mid-market rate was roughly ¥1 = Rs 0.93–0.96 and ₩1 = Rs 0.098–0.104.
The Japan and Korea corridors in numbers
Japan and Korea are no longer “small” remittance corridors for Nepal. Japan now hosts one of the largest Nepali communities outside South Asia and the Gulf, and Korea’s Employment Permit System sends thousands of Nepali workers every year.
~301,000
Nepalis living in Japan (end of 2025)
46,600+
Nepalis currently working in Korea under EPS
Rs 2,363 bn
Total remittance into Nepal, FY 2025/26 (up 37.1%)
7,200
Nepali workers sought by Korea under EPS for 2026
Sources: Japan Immigration Services Agency figures reported by Kyodo News, EPS Korea Section (Department of Foreign Employment) figures reported by Republica, and the Nepal Rastra Bank macroeconomic report for FY 2025/26. Nepal is now the fifth-largest foreign nationality in Japan.
What most “send money from Japan or Korea to Nepal” pages leave out
Search either phrase and page one is mostly provider landing pages and thin exchange-rate articles. They tell you to “compare rates” and stop there. This guide covers what actually decides how much your family receives:
- Korea’s 2026 rule change — the new ORIS tracking system and why the widely reported USD 100,000 limit does not apply to most Nepali workers.
- Japan’s ¥1 million line — the per-transfer cap at most remittance companies, My Number, and the tax-office statement on larger sums.
- Worked examples in yen and won showing exactly where the hidden exchange rate margin eats your money.
- Why new students in Japan can be treated as “non-residents” by banks for their first six months.
- How to bring home the big lump sums: Japan’s pension withdrawal payment and Korea’s EPS departure insurance, severance and pension refund.
- The 3 hours 15 minutes and Saturday problem: why a Friday-evening transfer from Tokyo or Seoul can sit until Sunday in Nepal.
Japan vs Korea: the rules side by side
| What matters | From Japan (JPY) | From South Korea (KRW) |
|---|---|---|
| ID you need | Residence card plus My Number (individual number) | Alien Registration Card (ARC) and passport |
| Per-transfer limit | ¥1 million at most remittance companies; higher only through specially approved services or banks | USD 5,000 per transfer through licensed apps |
| Annual limit | No general legal cap; provider and bank limits apply | USD 50,000 a year without income documents, tracked across all channels |
| Reporting | Transfers over ¥1 million need a statement with your My Number sent to the National Tax Agency | ORIS records every transfer in real time; repeated small undocumented transfers can be reported |
| How you usually pay | Bank transfer (furikomi) to the provider; credit cards are rarely accepted | Transfer to a personal virtual account in the app, or cash at a branch |
| Lump sums when you leave | Pension lump-sum withdrawal payment | Severance, departure insurance and National Pension refund |
The two costs inside every transfer
1. The transfer fee
The flat charge on the banner. In Japan, app and remittance-company fees usually run from zero to around ¥2,000 depending on amount and provider. In Korea, the apps most Nepali workers use advertise fees from about ₩3,000 to ₩7,000, and some waive fees on promotions.
2. The exchange rate margin
The mid-market rate is the real rate you see on Google or XE. Your provider gives you a lower rate and keeps the difference. A “zero fee” offer has not removed the cost; it has moved it into the rate. Check it in ten seconds:
Margin % = (Mid-market rate − Your rate) ÷ Mid-market rate × 100
Japan example: mid-market is 0.950 and the app offers 0.935 NPR per yen. Margin = 0.015 ÷ 0.950 × 100 = 1.58% — Rs 1,500 lost on every ¥100,000.
Korea example: mid-market is 0.1000 and the app offers 0.0985 NPR per won. Margin = 1.5% — Rs 1,500 lost on every ₩1,000,000.
Why the yen and won rates move the way they do
The Nepalese rupee is pegged to the Indian rupee at 1.6 NPR per INR. So the yen-to-rupee and won-to-rupee rates really follow how the yen and won trade against the Indian rupee and the US dollar. News from the Bank of Japan or the Bank of Korea moves your rupees far more than anything happening in Kathmandu.
How to send money from Japan to Nepal
Your options in Japan
| Method | Typical speed | Typical total cost | Best for |
|---|---|---|---|
| Global transfer apps Wise, Remitly, Instarem, Western Union app | Minutes to 1 day | 0.5–2% | Monthly support into a Nepali bank account |
| Japan-licensed remitters with Nepali payout partners Kyodai (Ria), Yehey Remit, World Family Remit, Brastel Remit | Minutes | 1–2.5% | eSewa wallet credit and cash pickup in rural districts |
| Japanese bank wire (SWIFT) Japan Post Bank, MUFG, SMBC, Mizuho | 1–5 business days | 3–7% on everyday amounts | Large, documented sums above ¥1 million |
| Hundi / informal agents | Minutes | Looks cheap, no protection | Avoid — illegal in Nepal |
Nepal’s payout side has grown fast in this corridor. eSewa Money Transfer partnered with Yehey Remit in 2025, so money sent from that app can be collected through more than 13,800 remit agents or credited straight to an eSewa wallet. World Family Remit was eSewa’s first international partner and offers bank deposit, wallet credit and cash pickup. If your family prefers cash from a big brand, our comparison of IME vs Western Union rates shows how much the brand choice changes the rupees in hand.
Worked example: what ¥100,000 really lands as in Nepal
The same ¥100,000 sent four ways on the same day. The mid-market rate is fixed at ¥1 = Rs 0.950 so the arithmetic is easy to follow. The provider rates and fees are illustrative of typical margins, not quotes from any named company — always check live quotes before you send.
| Channel | Fee | Rate offered | Family receives | True total cost |
|---|---|---|---|---|
| Mid-market benchmark | — | 0.950 | Rs 95,000 | ¥0 (theoretical) |
| Low-margin transfer app | ¥900 | 0.943 | Rs 94,300 | approx. ¥1,640 |
| “Zero fee” remittance app | ¥0 | 0.930 | Rs 93,000 | approx. ¥2,110 |
| Cash agent counter | ¥1,500 | 0.925 | Rs 92,500 | approx. ¥4,130 |
| Japanese bank wire | ¥4,000 incl. intermediary | 0.915 | Rs 91,500 | approx. ¥7,680 |
True cost of sending ¥100,000 — fee plus rate margin
Low-margin transfer app
“Zero fee” remittance app
Cash agent counter
Japanese bank wire
Send ¥100,000 a month by bank wire instead of a low-margin app and your family receives about Rs 2,800 less every month — roughly Rs 33,600 a year.
The rules in Japan you need to know
- My Number is required. Under Japan’s anti-money-laundering and tax transparency rules, banks and remittance companies ask for your My Number before your first overseas transfer. Keep your My Number card or notification document handy when you register.
- The ¥1 million line. Most licensed remittance companies in Japan can only handle transfers up to ¥1 million each. For larger sums you need a bank or a specially approved service. Kyodai Remittance Plus, for example, handles ¥1 million to ¥10 million for a flat ¥5,000 fee, after you submit documents and wait one to two days for approval.
- Tax-office statement above ¥1 million. For an overseas transfer above ¥1 million, your bank files a statement carrying your My Number with the National Tax Agency. This is routine reporting, not a ban — but the money must match your known income.
- How you pay. Most apps are funded by a bank transfer from your Japanese account. Remitly, for example, does not accept credit cards from senders in Japan. Avoid any setup that asks you to pay a private person’s account.
- New students and the six-month rule. Under Japan’s foreign exchange law, banks treat international students as non-residents for their first six months. That can mean higher fees and restrictions on some transactions. After six months you can ask your bank to change your status to resident.
Student tip
Remittance companies can ask where your money came from. If you are on a student visa, keep your payslips and send amounts that match what you actually earn. Japan limits students to 28 hours of work a week, and transfers far above that income invite questions you don’t want during a visa renewal.
Step by step from Japan
- Check the live mid-market JPY/NPR rate on Google or XE so you have a benchmark.
- Quote the same amount on two providers and note the exact rupees each promises. Ignore the fee banner.
- Register with your residence card and My Number. Some providers mail a verification letter to your Japanese address before you can send.
- Add your recipient exactly as their bank or wallet records them (checklist below).
- Pay by bank transfer to the account the app shows, then confirm.
- Save the receipt and ask your family to confirm receipt. It becomes your proof of inward remittance later.
How to send money from South Korea to Nepal
Your options in Korea
| Method | Nepal payout link | Advertised fees | Best for |
|---|---|---|---|
| GME Remit | Long Nepal focus; Machhapuchchhre Bank is a super agent | From ₩5,000 | EPS workers wanting a Nepali-speaking service |
| Hanpass | Nepal Remit: bank accounts, wallets and 15,000+ agents | ₩3,000–₩7,000 flat | Bank and wallet deposits from your phone |
| E9Pay | Cashway: 30+ Nepali banks and financial institutions | Says no relay or receiving fees | Fast bank credit; cash pickup option |
| Korean bank wire KB, Shinhan, Woori, Hana | SWIFT to a Nepali bank | Highest on everyday amounts | Large documented sums above USD 5,000 |
| Hundi / informal agents | None you can trace | Looks cheap | Avoid — illegal in both countries |
Fees are as advertised by each provider in 2026 and change often. Wise also operates from Korea; check how your transfer is routed before sending.
Worked example: what ₩1,000,000 really lands as in Nepal
The mid-market rate is fixed at ₩1 = Rs 0.1000 to keep the maths simple. Rates and fees are illustrative, not quotes from named companies.
| Channel | Fee | Rate offered | Family receives | True total cost |
|---|---|---|---|---|
| Mid-market benchmark | — | 0.1000 | Rs 100,000 | ₩0 (theoretical) |
| Low-margin remittance app | ₩5,000 | 0.0992 | Rs 99,200 | approx. ₩13,000 |
| “Zero fee” promotion | ₩0 | 0.0978 | Rs 97,800 | approx. ₩22,000 |
| Korean bank wire | ₩25,000 incl. cable and intermediary | 0.0965 | Rs 96,500 | approx. ₩60,000 |
True cost of sending ₩1,000,000 — fee plus rate margin
Low-margin remittance app
“Zero fee” promotion
Korean bank wire
The “zero fee” offer is not the cheapest here. The ₩5,000 app wins because its rate is closer to mid-market — which is why you compare rupees received, not fees.
Korea’s 2026 rule change: what it means for Nepali workers
In January 2026 Korea launched ORIS, the Overseas Remittance Integrated System. It records every person’s overseas transfers across banks, fintech apps, card companies and securities firms in real time. Splitting money across several apps no longer hides anything. Here is what applies to most Nepalis in Korea:
- The USD 100,000 headline is not for you. That no-documentation limit applies to Korean residents, not to foreign residents. Most E-9, E-7 and D-2 visa holders fall into the foreign-resident category under Korean foreign exchange law.
- App limit: USD 5,000 per transfer, USD 50,000 a year. This is the cap for foreign residents on licensed small-sum remittance apps, in the regulation version effective 16 September 2026.
- Bank route without documents: USD 50,000 a year through a designated bank or card company, on your passport.
- Bank route with documents: no fixed cap. Bring your ARC and your employer’s earned-income withholding tax statement to prove the money is Korean salary, and the bank can send that documented amount.
- Small repeated transfers are watched. The government said repeated undocumented transfers under USD 5,000 each can be reported to the National Tax Service and Korea Customs Service. Normal monthly salary transfers are fine; deliberate splitting is not.
Is ₩1.5 million a month within the limit?
Yes, comfortably. ₩1.5 million is roughly USD 1,000–1,150 depending on the dollar rate, or about USD 12,000–14,000 a year — well under the USD 50,000 annual cap, and each transfer is far below USD 5,000. The limits only bite when you send savings, severance or insurance payouts.
Check that the app is licensed
Korea’s Financial Supervisory Service keeps a live list of registered small-sum remittance businesses on its FINE consumer portal. If a company is not on it, it is not a registered operator — however professional its Facebook page looks.
Step by step from Korea
- Check the live KRW/NPR rate and quote the same amount in two licensed apps.
- Register with your ARC and passport. Since ORIS, providers increasingly identify foreign customers by passport number, so keep the details identical everywhere.
- Add your recipient exactly as their Nepali bank or wallet records them.
- Pay into your personal virtual account in the app from your Korean bank, or pay cash at a branch if you prefer.
- Keep the confirmation. If ORIS or your bank ever asks, the receipt proves the transfer went through an official channel.
How the money actually moves to Nepal
Knowing the route tells you where a delayed transfer is stuck. It works the same way from Japan and Korea.
STEP 1 →
You pay in yen or won
Bank transfer, virtual account or cash at a branch.
STEP 2 →
Checks in Japan or Korea
ID, My Number or ORIS limit checks. First and unusually large transfers get paused here.
STEP 3 →
Conversion to rupees
Most apps pay out from rupees already held in Nepal, which is why delivery takes minutes.
STEP 4
Payout in Nepal
A licensed Nepali bank or remittance company credits the account, loads the wallet or releases the cash.
If money has left your account but not arrived, the hold is almost always at Step 2 or Step 4 — not in between.
Payout options in Nepal: bank, wallet or cash
| Payout | Speed | Strength | Watch out for |
|---|---|---|---|
| Bank deposit | Minutes to the next Nepali working day | Cheapest, traceable, builds a record for loans and investment | Exact name match; dormant accounts |
| Mobile wallet eSewa, Khalti, IME Pay | Usually minutes | Spendable at once on bills, fees and top-ups | Low caps on unverified wallets |
| Cash pickup | Minutes | Works for unbanked relatives in remote districts | Higher margin; recipient must carry ID |
If you have no Nepali account of your own yet, our guide on how to open a bank account in Nepal from abroad explains remit accounts and online video KYC, so you can send into your own name rather than a relative’s.
The name-matching trap
Japanese and Korean apps often force names into capital Roman letters, and Nepali names are already spelled differently across citizenship, passport and bank records. Payout partners match names closely. A mismatch means the transfer is held or returned, often weeks later. Ask your recipient to photograph the top of their passbook or wallet profile and copy the name from that.
Leaving Japan or Korea? How to bring your lump sums home
The largest amount many Nepalis ever send from Japan or Korea is not a monthly salary transfer. It is the money waiting for them when they leave — and almost no money transfer guide mentions it.
Japan: pension lump-sum withdrawal payment
- Foreign nationals who paid into Japan’s National Pension or Employees’ Pension for six months or more can claim it after leaving Japan.
- It covers a maximum of five years of contributions, and you must claim within two years of leaving.
- 20.42% income tax is withheld from the Employees’ Pension part. You can reclaim it by filing a return through a tax agent in Japan, as the National Tax Agency explains.
- Paid into a bank account you name — a Nepali account works.
Korea: three separate payouts for E-9 workers
- Severance pay from your employer — confirm payment before you leave.
- Departure guarantee insurance: your employer pays 8.3% of your monthly ordinary wage into it. It does not pay automatically; claim through Samsung Fire & Marine.
- National Pension lump-sum refund: available to E-9 workers returning home regardless of nationality, per the National Pension Service.
- Unclaimed departure insurance turns dormant after three years and becomes slower to recover.
The Korea USD 5,000 trap at departure
A worker earning ₩2.5 million a month for three years builds up roughly ₩7.5 million in departure insurance alone. That is more than USD 5,000 at recent exchange rates — above the per-transfer app cap. Either ask for the payout directly into your Nepali account, or use the bank route with documents. Do not hand it to a hundi agent at the airport.
Two realistic examples
A language-school student in Tokyo
She sends ¥50,000 twice a month from the post office counter because it feels safest. At about ¥3,000 per wire plus a bank-style margin, roughly Rs 4,600 disappears on each transfer — over Rs 100,000 a year.
One ¥100,000 transfer a month through a low-margin app cuts that to under Rs 20,000 a year, and the money lands in her mother’s eSewa wallet in minutes.
An EPS factory worker in Gyeonggi
He sends ₩1.5 million a month by bank wire. Switching to a licensed app adds about Rs 4,000 a month for his family — nearly Rs 50,000 a year.
Before his contract ends, he files his departure insurance and pension refund claims with his Nepali account details, instead of carrying cash home.
Illustrative scenarios based on the typical margins shown above.
Timing: the 3 hours 15 minutes and Saturday problem
Nepal’s weekend is Saturday
Japan and Korea are 3 hours 15 minutes ahead of Nepal. A bank deposit sent on Friday evening that is not processed in real time can wait until Sunday, Nepal’s first working day.
Send a week before Dashain and Tihar
Volumes spike before the festivals and Nepali banks close for several days. Golden Week in Japan and Chuseok in Korea can also slow branch-based transfers.
Use rate alerts, not daily checking
The yen moved between about Rs 0.90 and Rs 0.97 over the past year. For non-urgent transfers, an alert slightly above today’s rate captures the swing.
Is money sent from Japan or Korea to Nepal taxed?
In Japan and Korea: there is no tax on sending your own after-tax wages home. Reporting rules such as the ¥1 million statement or ORIS are about tracking money, not taxing it.
No US-style remittance tax: the 1% remittance tax covered in our USA to Nepal guide applies only to certain transfers from the United States. It does not touch yen or won transfers.
In Nepal: personal remittance received through formal channels is generally not taxed as income for the recipient. What it earns inside Nepal — deposit interest, dividends, rent — is taxed normally.
General information, not tax or legal advice. For large or unusual amounts, confirm with a tax office or licensed adviser in Japan, Korea or Nepal.
Why hundi is a bad trade, even when the rate looks better
Hundi agents in both countries offer a slightly better rate because they skip the law on both sides. Korea has already prosecuted this: in one case, police said about ₩50 billion was moved to Nepal over five years for roughly 3,500 Nepali workers, and a Nepali worker was arrested under Korea’s Foreign Exchange Transaction Act.
- No recourse if the money disappears — no regulator in either country will help.
- With ORIS in Korea and My Number reporting in Japan, unexplained cash movements are easier to spot than ever.
- No proof of inward remittance when you later need it for property, investment or a loan in Nepal.
- It can put your visa and your bank account at risk.
Frequently asked questions
What is the cheapest way to send money from Japan to Nepal?
A licensed remittance app funded by bank transfer and paid into a Nepali bank account or verified eSewa wallet is usually cheapest. Compare the rupees your family receives, not the advertised fee, because most of the cost sits in the exchange rate margin. Japanese bank wires are usually the most expensive option for everyday amounts.
What is the cheapest way to send money from Korea to Nepal?
Licensed Korean remittance apps such as GME Remit, Hanpass and E9Pay, which pay out through Nepali partners, are usually far cheaper than a bank wire. Quote the same amount in two apps and pick the one that delivers more rupees, even if its fee is higher.
How much money can I send from Korea to Nepal in a year?
Foreign residents can send up to USD 5,000 per transfer and USD 50,000 a year through licensed apps, and up to USD 50,000 a year through a designated bank without income documents. With your ARC and employer’s withholding tax statement, a bank can send documented salary above that. Since January 2026, ORIS tracks all of these together.
Is there a limit on sending money from Japan to Nepal?
Japan sets no general annual cap, but most licensed remittance companies can only send up to ¥1 million per transfer. Larger amounts go through banks or specially approved services with documents, and transfers above ¥1 million are reported to the National Tax Agency with your My Number.
Do I need My Number to send money from Japan to Nepal?
Yes. Japanese banks and remittance companies require your My Number for overseas transfers under anti-money-laundering and tax rules. You usually provide it once when you register.
How long does a transfer from Japan or Korea to Nepal take?
App transfers to wallets, cash pickup and real-time bank deposits usually arrive within minutes. Other bank deposits arrive the same or next Nepali working day. Bank wires take one to five business days, and Saturdays and Nepali public holidays pause the final step.
Can I send money to eSewa from Japan or Korea?
Yes. Several Japanese and Korean remittance services credit eSewa and other Nepali wallets directly using the wallet’s registered mobile number. Make sure the wallet is fully verified, because unverified wallets have low per-transaction limits.
Is hundi legal for sending money from Japan or Korea to Nepal?
No. Hundi breaches Nepal’s foreign exchange law and Korea’s Foreign Exchange Transaction Act, and unlicensed remittance is illegal in Japan. You also lose any recourse and any proof of inward remittance.
How do I get my Korean departure insurance and pension refund to Nepal?
Claim departure guarantee insurance through Samsung Fire & Marine and the National Pension lump-sum refund through the National Pension Service, ideally before you leave Korea, and give your Nepali bank account for payment. Neither pays automatically. Large payouts can exceed the USD 5,000 per-transfer app limit, so direct payment to your own account is the simplest route.
The bottom line
Sending money from Japan or Korea to Nepal takes two minutes. The choice inside those two minutes is worth thousands of rupees every month. Use a licensed app, compare the rupees delivered rather than the fee, and keep your transfers in line with your income.
In Japan, register your My Number once and keep each transfer under ¥1 million unless you go through a bank. In Korea, remember the USD 5,000 and USD 50,000 app limits under ORIS. And before you leave either country, claim your pension, insurance and severance payouts straight into your Nepali account.
Related guides on Wilson
- Send money to Nepal: cheapest, fastest and safest ways from every country
- IME vs Western Union rates: which gets your family more rupees?
- How to open a bank account in Nepal from abroad
- Send money from USA to Nepal: costs and the 1% remittance tax
- UK to Nepal money transfer: real costs and exchange rates
- Send money from Australia to Nepal
- Shram Swikriti renewal online: step-by-step FEIMS guide
- NRN card Nepal: fees, documents and online application