IME (M) Sdn. Bhd., formerly known as IME Impex Sdn.Bhd. was established in March 2002 under the Malaysian Companies Act 1965. It is the first remittance company licensed by Bank Negara Malaysia, ( Central Bank of Malaysia) to offer outbound remittance services for the migrant workers other than banks as stated in Bank Negara Malaysia’s November 2004 Monthly Statistical Bulletin . IME operates in compliance with Bank Negara’s rules and regulations and all international rules and codes on money remittance operators.

IME initially catered only to the Nepalese migrant workers. Its remittance operations in Malaysia and role in facilitating remittance flows from Malaysia to Nepal were also documented in Asian Development Bank’s 2006 Report on Workers’ Remittance Flows in South East Asia with reference to Malaysia. However, IME has since diversified its remittance operations in March 2007 in line with the new licensing policy of Bank Negara Malaysia. The company now handles both outward and inward remittances. The company has been providing remittance services to different parts of the world, particularly South and South East Asian countries.

IME has thirty two (32) offices in Malaysia which covers all major towns and cities. IME also has offices in Nepal, Australia and England. IME has its representation through its correspondent agents in Saudi Arabia, Oman, Qatar, UAE, Kuwait, Bahrain, Indonesia, the Philippines, Vietnam, Bangladesh, Sri Lanka and Pakistan. The company has also forged arrangements with seven local Malaysian banks namely, Maybank, CIMB Bank, Public Bank, RHB Bank, AmBank, Hong Leong Bank and EON Bank to facilitate remittance services by customers.

IME is affiliated to the IME Group. The IME Group of companies worldwide achieved an annual turnover of about USD 500 million. The IME Group has major business interests in remittance, banking and finance, aviation, cargo, trades and tour and travel sectors.