Khalti digital wallet gets license to operate as a Payment Service Provider

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After a year plus of operation, Khalti digital wallet gets License From Nepal Rastra Bank To Operate As A Payment Service Provider (PSP)

Nepal Rastra Bank has provided Khalti with a license of Payment Service Provider (PSP) under its ‘Payment and Settlement Bylaw 2072‘ for Wallet Services through telecommunication technology and internet. Along with digital payment services, now Khalti can also provide domestic money transfer facility and mobile financial services in Nepal.

Khalti was launched by a team of young entrepreneurs on 26 January 2017 and since then it has been focusing to impact the lives of people through its innovative technology and services. After getting license, Khalti team is encouraged to take financial services to the next level. It will work to bring Offline services to Online (O2O) and make the lives of people easier.

Elated after being awarded the PSP license by NRB, Manish Modi, Managing Director of Khalti shared,

“Digital payment is a very recent phenomenon in Nepal. Still today, people have to walk for days to reach district headquarters to perform tasks as simple as paying electricity bills. We are excited to get the license from NRB. It has encouraged us to expand digital payments more aggressively across the country. We aim to expand our services in rural and remote parts of Nepal and add different verticals to our platform. We will work to make online payments possible in every corner of the nation to achieve the vision of Digital Nepal. We will work to bring access to finance to underprivileged population of Nepal and simplify their lives.”

As per Nepal Telecommunication Authority’s latest MIS report, the country has over 132% mobile telephony penetration and 59% broadband internet penetration. Likewise, NRB’s latest statistics show that over 6 million people use mobile banking in Nepal, and the number of internet banking users is around 1 million. However, as per WorldBank’s 2017 Global Findex Database, only 45% of Nepal’s population are banked. So, digital payments system like Khalti can play a significant role to bring unbanked population to digital platform and provide financial services.

Khalti provides various utility bill payment services, mobile recharge, DTH recharge, domestic flight booking, movie ticketing, event ticketing, hotel booking, newspaper subscriptions, and payments at online shopping sites among others. Furthermore, Khalti offers users with cashback on almost every transaction.

Currently, more than 8,00,000 people regularly use Khalti for various bill payments services.

How to download Khalti app and make digital payments?

Khalti app can be downloaded from

About Khalti Digital Wallet

Khalti, Digital & Financial Service Provider, is one of the most innovative and fastest growing fintech companies in Nepal. Khalti was founded by 4 founders, who successfully co-founded Sparrow SMS, a leading SMS provider in Nepal for the last 9 years.  Since its launch on 26 January 2017, Khalti has made significant growth and impact in Nepal. Khalti since its beginning has been changing the FinTech landscape of Nepal with its innovative services. Khalti was declared the winner of Google Business Group Storytelling Contest 2017 globally.

Khalti offers seamless and secure digital payments services via mobile app and website. Khalti also offers QR code based instant mobile payments services. Using this system, users can make payments at retail stores within a couple of taps on their phone.

To advocate usage and accessibility of digital payments in rural areas, Khalti has recently introduced ‘Smart Chhori’, a special program where girls are given digital and financial literacy training so that they can educate everyone in their family/community and become the agents of change. Khalti aims to play a key role in the digitization of the economy in the country, and eventually help drive the country towards cashless transactions.

With various such features and initiatives, Khalti is trying to build a digital payment ecosystem in Nepal that makes it exceptionally easy for customers to make payments and for merchants to accept payments. Being able to provide access to finance nationwide is the end goal of Khalti.

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