Khalti to emerge as Nepal's largest digital wallet with over 5 million verified users
KATHMANDU, JUNE 19
Nepal Rastra Bank has granted final approval for the merger of two major digital wallets-IME Pay and Khalti-marking the first such merger in Nepal's digital payment sector.
Following the integration, the unified company will operate under the name IME Khalti Limited, with its registered office at Panipokhari, Kathmandu. However, the app will retain the Khalti brand name.
With the highest paid-up capital among digital wallets and over five million verified users, Khalti is set to become Nepal's largest and most robust digital wallet, the company said in a statement.
The merger is expected to expand digital payment services into rural areas and strengthen the fintech ecosystem in Nepal. The company believes the unified platform will provide a more seamless and accessible financial experience.
Both apps-IME Pay and Khalti-will continue operating during a three-month transition period to integrate users, balances, and reward points. Users of both platforms will be merged with a single tap, and IME Pay-only users will be migrated to Khalti with their consent. New users can download the Khalti app directly to access the integrated services.
Although the app will operate under the Khalti name, features from both platforms will be included. IME Pay balances and reward points will be transferable to Khalti during the transition.
The company believes this merger will position Khalti not only as a convenient and user-friendly digital platform, but also as the Nepal's most trusted payment platform.
The company said the merger will play a key role in expanding digital financial access, reducing cash transactions, and enhancing transparency and efficiency in both urban and rural areas.
It further aims to offer remittance services, virtual banking, Visa cards, and access to credit through the Khalti app, providing users with a comprehensive fintech experience.
The company expressed confidence that the support of the central bank, stakeholders, and users will continue as it moves forward with the unified operation.
