Top 6 Best Digital Wallets in Nepal | Online Payment Services

Top 10 Best Digital Wallets in Nepal | Online Payment Services

Here is a list of the top best Digital Wallets in Nepal that are ranked on the basis of popularity, easy UI, reliability, and other features that makes digital payment even more convenient. If you do a poll and ask individuals what their dull job is, eight out of ten will respond that it is paying their utility bills or standing in long lines at banks. One of the tedious tasks that the citizens of Nepal must perform is paying their electricity, water, and internet bills.

How irritating is it to stand in a queue for at least half a day to make payment of your electricity, water, or internet bills? But thanks to advancements in the digital world, you no longer need to wait for hours to make a payment or pay a bill. Now anyone may make a purchase using their phone. In recent years, we have seen a steady increase in Nepal’s usage of mobile banking and online transactions. A few years ago, there were fewer people using digital platforms for transactions. The most recent and significant breakthrough in the area of information and technology is digital payment. It has made all of our lives easier, simpler, and more structured.

What are Digital Wallets?

Let’s quickly talk about “digital wallet” before continuing. A digital wallet is sometimes referred to as a “mobile wallet” or “e-wallet.” Simply put, a digital wallet is a system or online service that saves a person’s payment information so they may access it whenever they need to conduct an electronic transaction. Such transactions can be carried out online, by SMS, or through a mobile app. One may finish their financial transactions and activities with only a few clicks thanks to digital wallets.

Since COVID-19, digital wallets have gained popularity among Nepalese citizens. Lockdowns have caused the popularity of digital payment systems to soar even higher. The only thing you need to do to stop standing in long, tiresome lines and waiting is to open your app. From there, you can pay your internet and water bills, purchase online, or even pay with cash in a few short clicks.

People are increasingly drawn to the online payment system because of how simple it is to make a payment. The trend of digital wallet payments has spread around the world, and Nepal cannot escape its effects. Although Nepal is still far from having a cashless society, there have been efforts made by both the public and commercial sectors to make this aim a reality. In Nepal, there are several mobile wallet platforms and channels for online payments.

Top 6 Best Digital Wallets in Nepal

We will highlight a few of the best mobile wallet platforms and online digital payment providers in Nepal in this post.

1. eSewa – Mobile Wallet

Top 6 Best Digital Wallets in Nepal | Online Payment Services
eSewa

One of Nepal’s most well-known digital payment service providers, eSewa, was founded in 2009 and holds a payment service provider license from Nepal Rastra Bank. Since 2009 AD, the first and foremost payment service provider, eSewa Fonepay Pvt. Ltd., has offered digital payment services. eSewa has been expanded to all 77 districts of Nepal.

Since its start in 2009, it has been able to make people’s life easier by enabling Nepalese to settle their utility bills using their own phones while residing in their own houses. having services including bank-to-bank money transfers, online mobile phone recharging, Internet bill payments, airline and bus tickets, cinema tickets, bank transfers, and scan and pay.

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

One of Nepal’s most well-known digital payment service providers, Khalti, was introduced in 2017. Through several bank accounts and agent networks, Khalti facilitates money transfers and payments. Khalti’s users interact with it frequently.

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

Another popular digital wallet in Nepal is IME pay. The IME has created IME Pay for simple, quick, and hassle-free online digital payments for common services in an effort to make life easier for everyone in Nepal. Today, IME Pay, which is offered by IME Remit and is licensed by Rastra Bank Nepal (NRB), is one of Nepal’s top payment gateways.

One of the digital wallets used in Nepal is IME Pay. With IME Pay, you can now quickly and conveniently transfer money from one wallet to another, pay utility bills, and make online or offline purchases from your own cell phones.

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

Under Prabhu Technology Pvt. Ltd., PrabhuPAY is a digital wallet with any digital payment option. You may conveniently pay for acquired items and rendered services with the PrabhuPay app. This app offers a variety of services, including quick deposits and simple utility bill payments.

In addition, PrabhuPay offers a wide range of services, including Scan & Pay, Cooperative Deposit, Insurance Payment, Demat Payment, and Money Transfer. You only need to download the app and register to use any of its services.

Service Offered

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

5. CellPay

Cell Pay

Cellcom Pvt. Ltd. offers a digital payment service known as CellPay. It holds a Nepal Rastra Bank license and is one of the country’s payment service providers. CellPay offers payment services and the ability to transfer digital currency between banks. CellPay now offers services including utility payments, payments to vendors, and money transfer services.

Now, it’s simple to transfer money from your bank account to your friends and family’s bank accounts over the phone. The digital wallet CellPay also offers services like mobile top-up and utility bill payment for services like water, electricity, internet, and television, among others.

Service Offered

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

6. QPay

Another digital wallet that is widely preferred in Nepal is QPay. You may pay for products and services simply, pay utility bills, and transfer funds from one bank to another with the QPay app on your smartphone.

Service Offered

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

Conclusion

These are some of Nepal’s top digital wallets. You can easily download the app from the Play Store or iOS store and start using digital payment services if you want to keep your digital wallet with you. Also, Check this link out if you are in search of the best credit card service in Nepal.

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