The 6 Best Digital Wallets in Nepal

If you take a survey and ask people about their boring work, then out of 10, 8 people will say paying electricity bill waiting for hours in the boring queue or waiting on queue in banks. Paying electricity bills is one of the boring work Nepalese people have to do. You have to wait in the boring queue for hours only to pay your electricity bill. But with all the strides made in the digital world, now you don’t have to wait for hours to pay the bills or do any payment transactions.

People can now pay from their own phones. Not need of any hard cash, debit/credit cards. In recent years, we have noticed a stream in the use of mobile banking and digital transaction in Nepal. Few years back, the use of the digital platform for transactions was less and not popular.

Digital payment is the latest and leave a mark kind of innovation in the field of Information and Technology. It has made all our lives simpler, easier, and square. In this article, we have listed some different types of digital wallets in Nepal that are more popular.

What are Digital Wallets?

Before going in any further, let’s briefly discuss about “digital wallet”. It is also known as an “e-wallet” or “mobile wallet”. Digital Wallet is simply an online service or system that stores one’s payment information, which can then be used at times of making an electronic transaction. You can make such transactions via internet, SMS, or a mobile app. Digital wallet enables one to complete their financial transactions and activities through few clicks.

Digital Wallets have become more familiar among the Nepalese people since COVID-19. Due to lockdowns, digital payment services have surged even further in popularity. No more long and boring queues, and to wait, only you have to do is just open your app, and within some clicks, your payment for internet, and drinking water bills, online shopping payment, or even cash payment is done within seconds.

Digital payment is a global trend these days & it has led to the growth of different apps. Nepalese people have also started using such apps for their convenience.

Although Nepal is still far behind in developing a cashless economy, there has been an effort made by the government and private sector to create a cashless society. There are many diverse mobile wallet platforms or digital payments available online.

The 6 Best Digital Wallets in Nepal

Pictures collection of 6 Best Digital Wallets in Nepal
Pictures collection of 6 Best Digital Wallets in Nepal

 1. Esewa – Digital Mobile Wallet

eSewa, one of the popular digital payment service providers of Nepal was established in 2009 and is licensed by Nepal Rastra Bank as a Payment Service Provider. eSewa Fonepay Pvt. Ltd. is the first and leading Payment Service Provider since 2009 AD which provides digital payment services ever since.

In Nepal, eSewa has extended to all the 77 districts. 

Esewa - Digital Mobile Wallet
Esewa – Digital Mobile Wallet

It has been able to simplify people’s lives since its inception by allowing Nepalese to pay their utility bills from their own phones while living in their own homes. Having the facilities like online mobile phone recharge, Internet bill payments, airline and bus tickets, movie tickets, bank transfers, education fee payments, insurance premium payments, and scan and pay, bank to bank transfer money. 

Websitehttps://esewa.com.np/
Founded2009
HeadquarterKathmandu

Service Offered

  • Send Money
  • Bank Transfer
  • Remittance
  • Utility Bill Payment
  • Travel and ticket Booking
  • Insurance Payments
  • Education fees payment
  • Government Tax Payment
  • Stock Broker Payment
  • Online Shopping Bill Payment
  • Food & Hospitality Bill Payment

2. Khalti Digital Wallet

Khalti Digital Wallet
Khalti Digital Wallet

Khalti, one of the popular digital payment service providers in Nepal was launched on 2017. Khalti enables money transfers and payments through multiple bank accounts and agent networks. Khalti has high rate of engagement with its users.

Websitehttps://khalti.com/
Company Size200-500 employees
Founded2017
HeadquarterLalitpur

Service Offered

  • Send Money
  • Bank Transfer
  • Remittance
  • Basic Utility Bill Payment
  • Travel and ticket Booking
  • Insurance Payments
  • Education fees payment
  • Online Shopping Bill Payment
  • Counter Deposit

3. IME Pay Digital wallet

IME pay is another widely used digital wallet in Nepal. It has the aim of simplifying everyday life for all Nepalese people, the IME has introduced IME Pay for easy, fast, and hassle-free online digital payments for everyday services. IME Pay is now a leading payment gateway in Nepal which is Licensed by Rastra Bank Nepal (NRB) and provided by IME Remit.

 IME Pay Digital wallet
IME Pay Digital wallet

IME Pay is one of the digital wallets used in Nepal. With the use of IME Pay, you can now easily transfer money from wallet to wallet, pay utility bills and make purchases online or offline instantly within a few quick steps from your own smartphones. 

Websitehttps://www.imepay.com.np/
HeadquarterKathmandu

Service Offered

  • Send Money
  • Bank Transfer
  • Remittance
  • Basic Utility Bill Payment
  • Travel and ticket Booking
  • Insurance Payments
  • Education fees payment
  • Online Shopping Bill Payment
  • Counter Deposit

4. PrabhuPAY Wallet

 PrabhuPAY Wallet
PrabhuPAY Wallet

PrabhuPAY is a digital wallet with any digital payment solution under Prabhu Technology Pvt. Ltd.  With this PrabhuPay app, you can easily make payments for purchased goods and services provided. Quick deposits and easy payment of various utility bills are some of the services provided by this app.

PrabhuPay also provides variety of services such as Insurance Payment, Demat Payment, Money Transfer, Bank Transfer, Cooperative Deposit, and Scan & Pay. You just need to sign up the app and enjoy any service provided by PrabhuPay app.

Websitehttps://prabhupay.com/
Founded2014
HeadquarterKathmandu

Service Offered

  • Send Money
  • Bank Transfer
  • Remittance
  • Basic Utility Bill Payment
  • Insurance Payments
  • Online Shopping Bill Payment

5. CellPay

CellPay is a digital payment service provided by Cellcom Pvt. Ltd. It is one of the Payment Service Providers of Nepal licensed by Nepal Rastra Bank. CellPay provides services like transferring digital money from one bank to another and payment services.

cell pay in Nepal
cell pay in Nepal

Currently, services such as utility payments, payments to sellers, and money transfer services are provided by CellPay. You can now easily transfer money over the phone to your family and friends from your bank account to their bank account. Mobile Top-up, Utility Bill Payment like Water, Electricity, Internet, TV, etc. are also the services provided by the digital wallet, CellPay.

Websitehttps://cellpay.com.np/
Founded2019
HeadquarterKathmandu

Service Offered

  • Send Money
  • Bank Transfer
  • Remittance
  • Mobile Topup
  • Basic Utility Bill Payment
  • Online Shopping Bill Payment

6. QPay

QPay
QPay

QPay is also one of the digital wallet in Nepal. With the QPay app in mobile phone, you can easily make payment for purchased goods and services provided, pay utility bills, transfer money from one bank to another. 

Websitehttp://www.qpay.com.np/
Founded2009
HeadquarterKathmandu

Service Offered

  • Send Money
  • Bank Transfer
  • Remittance
  • Basic Utility Bill Payment
  • Online Shopping Bill Payment

These are some of the best digital wallet used in Nepal. If you want to keep digital wallet with you, then you can simply download the app from either the Play Store or iOS store and enjoy digital payment services.

Conclusion

We have listed the 6 best digital wallet in Nepal according the number of downloads and uses by the people. The benefits of digital wallet transactions are many. It is a convenient way to use your credit or debit card while also saving you money. It is important to note that digital wallet transactions are not completely secure and are not as safe as cash transactions in Nepal. This is why it is important to be cautious when using a digital wallet.

Frequently Asked Question

Is eSewa a digital wallet?

Yes. eSewa is no. 1 digital wallet and Online payment service providers in Nepal.

How many wallets are there in Nepal?

Currently, There are 18 digital wallets(mobile wallet) operating in Nepal and eSewa, Khalti, IME Pay and PrabhuPay are the best digital wallets available in Nepal

Does Paytm work in Nepal?

Paytm will work in Nepal if you have Indian bank account, Indian Pan card or Aadhar card.

Is Google Pay a digital wallet?

Yes. Google Pay is digital wallet. With Google Pay, you can send or receive money from friends and use it to pay for goods, services, or even establishments run by using a smart device. It’s also compatible with various apps.

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