Digital Wallet Payment in Nepal
How can we forget the time where we used to wait in that boring queue for, say, paying our electrical bills, khanepani bills? You need to manage a whole single day for your payment. Arguing with people in queue, in transaction office was such a hectic condition. Why bother our purse with hard cash ,debit-credit cards when we could have them all at our fingertips, at all the times on our Smartphones. Digital wallets becomes like mandatory in every smartphone in Nepal this days. To supply the high demand of the growing consumer base ,different firms have established their own version of digital wallet offering different features with simpler design. Digital wallet user expanded exponentially after post COVID-19.
Before knowing the means we will discuss about Digital Wallet first.
What is Digital Wallet ?
Digital wallet which are also known as e-wallet are the payment service through which one can make a payment or receives funds and made a transaction with the help of internet . Including numerous payment option like mobile top-up , utility payments, bill payments, merchants payment, online deliveries, ticketing, transfer digital wallet became the prominent way for the digital payments. Lets found the top digital wallets of Nepal.
1.eSEWA
eSEWA is the most distinguish name among the digital wallet in Nepal. No wonder why eSEWA is the top rating digital wallet in Nepal which has millions of download. The journey from a single room to Nepal’s leading payment service provider eSEWA has been able to untangle the lives of various Nepalese aiding the simple payments to payments to the very large corporate houses. Mr. Biswas Dhakal, President of F1 soft International Pvt. Ltd., introduce e-SEWA as Nepal first digital payment wallet in 2009.eSEWA is licensed by Nepal Rastra Bank and an ISO 27001:2013 certified .The Company has unboarded more then 150k merchants,45+ banks and others financial institutions and established itself as a pioneer wallet of Nepal. eSewa has its own vision , mission and values oriented to make cashless environment in the country. Esewa has already reached over a millions of download in Play Stores.
Services
User of eSEWA can make a various bill payment from the eSewa’s mobile app or login in website.
- Topup
- Utility Payment
- Nepal Electricity Authority
- Khanepani
- Insurance
- Life insurance
- Non-life insurane
- Stock Broker Payment
- Health
- Internet Bill Payment
- Government Payment
- Bluebook Renewal (Sawari Nabikaran)
- Traffic Police Fine Payment
- Inland Revenue Department
- Passport Payment
- Foreign Employmnet Welfare Fund
- Movies and airlines ticketing
- Online Shopping
- Daraz
- Sastodeal
- Accessories Nepal etc.
- Food and Hospitality
- Scan and Pay
2.Khalti
In the orderly growing catalog of digital wallets in Nepal, Khalti is another one to to watch out for. Khalti is an emerging mobile wallet launched in January 2017.Khalti is being operated and owned by Sparrow Pay Pvt.Ltd. Their parent company Janaki Technology has been in software product industry since 2010.Started by groups of intelligent mind , Khalti has been running in its 5th year with 45+ banking partners,8000+ POS ,and 130+ brightest mind.
Khalti identify it as a first digital wallet with an Open source API for the payment gateway, that means anyone can test Khalti recognition and CSR activities that are been carried out to intensive digital literacy in every corner of the Country. Be it about the “Smart Chhori” campaign or “Khalti Quiz Campaign” and “Khalti Reward Points”, Khalti know how to preserve its user and the new one costumer to its network. In the first year of its launch it was announced the global winner of Google Business Group Storytelling Contest 2017.
Services:
Khalti has diversified features which are resemble with eSEWA and also possesses some unique features. From mobile top-up to utility payment, internet bill payment, government payments, online shopping, movie and ticketing there is everything you ask for an electronic Payment gateway. Being a popular wallet it has provided exciting cashback and offers to maintain the connection with its consumers.
3.IME Pay
In the competition of digital wallet IME Pay has become another digital payment gateway in Nepal. As the name shows, it is derivative of IME Remittance, one of the leading remittance company in Nepal launched in 2017.It has a aggressive marketing campaigns. From Financing one of the big TV reality show in Nepal ( Nepal Lok Star ),blasting its advertisement to a level and managed to climb up the ladder too quickly and carefully.
Services
The main motto behind to run IME Pay is to ease Nepalese in remittance transfer. Similar to the other wallets its also include utility Payment to expand its user base. Just like esewa AND Khalti we can transfer money from it linking the bank. Government Payment, Movie ticketing, top-up and recharge, bus- airlines tickets can be done too. Chandragiri Hills cable car tickets with certain cashback is also provided in IME Pay.
Prabhu Pay is one of the latest version of digital Payment which is a subsidiary of Prabhu Group established in 2018 AD. In the very short period of time of its release ,it has managed to get over a hundred thousands of downloads on Google Play store as well as IOS platform too. Prabhnu pay set a strategy in its marketing campaigns, starting with the gigantic scheme for its user to be eligible for accidental insurance worth up to 1 millions. Beside this it was also the official voting partner for very Popular TV reality show Voice of Nepal ,Season 2 ,thus adding the more popularity.
Services
Same as to other digital wallet ,we can make a utility payment with certain cashback in the successful transaction. This includes Top-up, recharge, electricity and khanepani bill payment ,insurance premium, ticketing etc. As like the IME Pay has IME Remittance ,Prabhu pay also have Prabhu Money Transfer a well as Prabhu Transfer with the 3% cashback in Insurance. Hospital Payment for Civil Hospital, Biratnagar Aspataal, Siddhi Memorial Hospital is also provided.
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