Best Money Transfer Options: Wallets and Mobile Banking In Nepal in 2022

Are you afraid of losing money while carrying?

Then don’t worry there are many digital wallets and mobile banking available in Nepal from which transactions can be done.

What is Digital Wallet?

A digital wallet, also known as an e-wallet, is an electronic device, online service, or software program that allows one party to make electronic transactions with another party exchanging digital currency units for goods and services using a smartphone and laptop/computer.

Money Transfer Options: Wallets and Mobile Banking In Nepal

Here is the list of wallets and some mobile banking available in Nepal:

1. Connect Ips

Connect Ips is an e-payment system. In Connect Ips customer can link their bank accounts for fund transfers and bill payments. For doing transactions the customer has to pay a certain amount i.e Rs2 to Rs 8 according to the transaction amount. Transactions can be done with the help of mobile banking, a gateway, and web login. Users can withdraw and send money to banks, and pay school/college fees, pay plane and bus bills. Users can add and load money from their bank accounts.

2. Namaste Pay

Namaste Pay is a digital payment service promoted by Nepal Telecom and Rashtriya Banijya Bank. Namaste pay is a new digital wallet in Nepal. Users can add and load money from their bank accounts. Through namaste pay, users can pay utility bills, transfer money and do financial transactions. Users can withdraw and send money to banks, and pay school/college fees, pay plane and bus bills.

3. Khalti

Khalti is a digital wallet, payment gateway, and service provider launched in 2017. Through khalti users can do top up, pay utility bills, Internet services, and add and load money from their bank account. Users can withdraw and send money to banks, and pay school/college fees, pay plane and bus bills.

4. Esewa

Esewa is a digital wallet service established in 2009 A.D. Esewa is a subsidiary company of F1 soft international, a leading FinTech company in Nepal. Costumers can pay utility bills and do transactions, add and load money from their bank account through website login and mobile app. Users can withdraw and send money to banks, and pay school/college fees, pay plane and bus bills.

5. IME Pay

IME Pay is a subsidiary of IME group. Through IME Pay users can send remits in IME and do transactions and pay utility bills, add and load money from their bank account. Users can withdraw and send money to banks, and pay school/college fees, pay plane and bus bills.

6. Prabhu Pay

Prabhu Pay is a digital wallet through which users can pay utility bills, and do transactions, add and load money from their bank account. Users can withdraw and send money to banks, and pay school/college fees, pay plane and bus bills.

7. Moru

Moru is a digital wallet through which users can pay utility bills, and add and load money from their bank account. Users can withdraw and send money to banks, and pay school/college fees, pay plane and bus bills.

8. Mobile Banking

All commercial, development banks i.e “A” grade and “B” grade banks in Nepal have mobile banking services through which users can send their money from their account and can do transactions. Users can pay different utility bills.

9. Fone pay

Fone pay is Nepal’s first mobile payment network. Fone pay is a Payment System Operator (PSO) and also it is the first Non-card based PSO. Through the mobile banking app of their respective bank accounts, users can do Instant Fund transfers, Bill Payments, QR Payments, Online Payments, and more. Anyone having a bank account or digital wallet can use Fone pay.

Conclusion

Technologies had made our work easier, safer and faster. We can pay, and send money from digital wallets or mobile banking. We do have not to carry money. Digital wallets and mobile banking help to make a cashless economy. Government should encourage to use of digital wallets and mobile banking.

Thank You!!!

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