Top 5 Popular Digital Wallets in Nepal

A digital wallet, also known as an e-wallet, is a software-based system that securely stores users' payment information and passwords for numerous payment methods and websites. In Nepal, digital wallets have gained popularity due to their convenience, security, and accessibility.

They allow users to make electronic transactions swiftly using their mobile phones or computers without needing to carry physical cash or credit cards.

Here are the Top 5 Popular Digital Wallets in Nepal:

1. eSewa:

A pioneer in the Nepalese digital wallet scene, eSewa has been around since 2009 and is licensed by Nepal Rastra Bank. It offers a wide range of services, including bill payments, mobile top-ups, money transfers, and online shopping payments.

• Download eSewa in PlayStore
• Download eSewa in AppStore 

 

2. Khalti:

 

Launched in 2017, Khalti has grown rapidly to become a major player in the Nepalese digital wallet market. It offers many of the same services as eSewa, as well as some additional features, such as airline ticket booking and insurance premium payments.

3. IME Pay:

A subsidiary of IME Limited, a leading money transfer company in Nepal, IME Pay offers a convenient way to send and receive money both domestically and internationally. It also offers a variety of other services, such as bill payments and mobile top-ups.

4. Fonepay:

Established by Nepal Bankers' Association (NBA), Fonepay is a digital wallet that allows users to make payments directly from their bank accounts. It is a secure and convenient option for those who want to avoid having to top up their wallets beforehand.

5. ConnectIPS:

Another option for those who want to link their digital wallet to their bank account is ConnectIPS. It offers a variety of services, including bill payments, money transfers, and online shopping payments.

The best digital wallet for you will depend on your individual needs and preferences. Consider factors such as the types of services you need, the fees involved, and the security features offered before making a decision.