KATHMANDU: Nepal Rastra Bank has provided Khalti with a licence of payment service provider (PSP) under its ‘Payment and Settlement Bylaw 2015’ 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, as per a media release.
Khalti was launched by a team of young entrepreneurs on January 26, 2017 and since then it has been focusing to impact the lives of people through its innovative technology and services.
After getting licence, Khalti team is encouraged to take financial services to the next level. “It will work to bring offline services to online and make the lives of people easier, the release adds.
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 cash back on almost every transaction.
Currently, more than 8,00,000 people regularly use Khalti.
A version of this article appears in print on April 24, 2019 of The Himalayan Times.