In a sign that Nepalis are fast adopting digital payment methods, digital payment service provider Khalti’s Android app has crossed 500,000 downloads. The app has hit this milestone shortly after two years of its launch in the Nepali market, according to a press note issued by the company.
Elated by the achievement in this very short period, managing director of Khalti Manish Modi said that tens of thousands of users everyday load money to their Khalti wallet and consume it to make various digital payments. “Similar to Android app users, feedback from Khalti’s iOS app and web users is also equally exciting,” he said, adding that the company is working to create digital payment habits among all Nepalis. “We are extremely overwhelmed and excited to get love and support from users like this.”
According to the Nepal Telecommunication Authority’s (NTA) latest MIS report, Nepal has over 137 per cent mobile telephony penetration and 65 per cent broadband internet penetration. Likewise, the central bank’s latest statistics also revealed that over 8.3 million people use mobile banking in Nepal, apart from some 900,000 internet banking users.
But the World Bank’s 2017 Global Findex Database revealed that only 45 per cent of Nepalis are banked, giving a big role for the digital payments system like Khalti to bring unbanked population to the digital platform and provide financial services.
Started in January 2017, Khalti is an emerging mobile payment solution in Nepal. Khalti's service so far has reached 70 districts of Nepal and it's working to enable people in the remotest corners of the nation to use digital payment service. “Payment facility on mobile means one doesn't have to travel to district headquarters to perform tasks as simple as electricity bill payment, ultimately saving countless productive work hours for the nation,” Modi said, adding that Khalti has recently also conducted 'Smart Chhori' campaign and trained 10,000 girls and young women with digital and financial literacy and skills. “With its digital payment service and various such initiatives, Khalti is working to transform the lives of people in Nepal.”
Khalti has been providing various utility bill payment services including mobile recharge, DTH recharge, domestic flight booking, movie ticketing, event ticketing, hotel booking, newspaper subscriptions, online shopping payments, and insurance premium payments among various other digital payments services.
A licensed Payment Service Provider from the central bank, currently more than 800,000 people regularly use Khalti for various bill payment services.
Elated by the achievement in this very short period, managing director of Khalti Manish Modi said that tens of thousands of users everyday load money to their Khalti wallet and consume it to make various digital payments. “Similar to Android app users, feedback from Khalti’s iOS app and web users is also equally exciting,” he said, adding that the company is working to create digital payment habits among all Nepalis. “We are extremely overwhelmed and excited to get love and support from users like this.”
According to the Nepal Telecommunication Authority’s (NTA) latest MIS report, Nepal has over 137 per cent mobile telephony penetration and 65 per cent broadband internet penetration. Likewise, the central bank’s latest statistics also revealed that over 8.3 million people use mobile banking in Nepal, apart from some 900,000 internet banking users.
But the World Bank’s 2017 Global Findex Database revealed that only 45 per cent of Nepalis are banked, giving a big role for the digital payments system like Khalti to bring unbanked population to the digital platform and provide financial services.
Started in January 2017, Khalti is an emerging mobile payment solution in Nepal. Khalti's service so far has reached 70 districts of Nepal and it's working to enable people in the remotest corners of the nation to use digital payment service. “Payment facility on mobile means one doesn't have to travel to district headquarters to perform tasks as simple as electricity bill payment, ultimately saving countless productive work hours for the nation,” Modi said, adding that Khalti has recently also conducted 'Smart Chhori' campaign and trained 10,000 girls and young women with digital and financial literacy and skills. “With its digital payment service and various such initiatives, Khalti is working to transform the lives of people in Nepal.”
Khalti has been providing various utility bill payment services including mobile recharge, DTH recharge, domestic flight booking, movie ticketing, event ticketing, hotel booking, newspaper subscriptions, online shopping payments, and insurance premium payments among various other digital payments services.
A licensed Payment Service Provider from the central bank, currently more than 800,000 people regularly use Khalti for various bill payment services.
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