Digital wallets are the payment systems through the
mobile, tabs or PC, which is basically connected with the bank or single system
of the payments. Digital wallets are synonymously used to refer to mobile
payment systems. It is useful for all type of payments. We can easily pay our
shopping. We can pay our school or collage fee or any governments taxes and so
on. Its help us to save our money and
time. Its easy to access and safe for use also.
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Healthy safety
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Connivence
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Cost efficiency
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Improve security
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Improve customer interface
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Quick and easy accibility
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Wide spread availability
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Discount and reward
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Making bigger Transitions
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Future
1. eSewa
eSewa is one of the first and best digital wallet of
Nepal which is Established in 2009. eSewa
is a household name today. South Asia’s first digital wallet, licensed Payment
Service Provider from Nepal Rastra Bank (Central Bank of Nepal), and an ISO
27001:2013 certified, eSewa is a subsidiary company of F1Soft International, a
leading FinTech company of Nepal. Team eSewa has been working tirelessly to
achieve its vision to create a cashless economy. For this, the company has
onboarded more than 150k merchants, 50+ Banks and Financial Institutions (BFIs)
and established a wider network of agents nationwide. Customers of eSewa can
make various bill payments easily from eSewa’s mobile
app or website login. Now, recharging mobile,
paying utility bills (NEA, Khanepani, Landline, etc.), internet bills, TV
bills, school fees, and many more are all on your fingertip. Being able to make
the payment to government offices as Inland Revenue Department, Traffic Fine
Payment, payment to Department of Foreign Employment, and more act as a cherry
on top for our customers.[i]
2. Khalti
Khalti
is a mobile wallet, payment gateway & service provider in Nepal. Launched
in January 2017, Khalti is an emerging online payment solution in Nepal. It
allows users to pay for a range of services like basic utility payments, hotel
bookings, movie and domestic flight tickets, events and many more. It is
operated and owned by Sparrow Pay Pvt. Ltd. It’s parent company Janaki
Technology, which has been in the software product industry since 2010. It’s
offer payment solution to over hundreds of merchants across Nepal and provide
seamless payments using ebanking, smart banking, cards, and wallet. Being not
just limited to mobile app users, Khalti has more than 8000 POS and Agent
Network providing Khalti services to end users. Khalti is home to some of the
brightest minds in the country, which includes a team of highly skilled
developers and interactive marketers. It’s solution-oriented approach makes us
reliable for any and all kind of service you might require from Khalti with the
best user experience possible. It’s goal is to simplify lives of people by
bringing financial inclusivity to every individual in Nepal and take the
payment industry from offline to online through best practices.[ii]
3. IME pay
IME
Digital has introduced mobile money service, with the brand name “IME pay”,
under its digital financial services initiative. IME Digital Solution Ltd. is Nepal’s
first licensed company to provide digital payment solution. IME Digital
Solution Ltd. a subsidiary of IME Group with an aim provides digital financial
services to customers in partnerships with banks/FIs as well as telecom
operators and aggregators, deployed through self-service as well as agent-based
delivery channel. IME Pay offers a wide range of payment services and
convenient way to transfer money from wallet-to-wallet, pay utility bills and
make purchases online or offline instantly with just a few easy clicks. An App
where you can add money through mobile banking, by depositing money in IME/ IME
Pay agent and also through remittance. Likewise, you can withdraw the balance
amount of your IME Pay app from IME/ IME Pay Agent. It is a Fintech (Financial
Technology) App that provides automated and improved financial services making
lives more practical and simpler. It aims to cater vast majority of banked,
unbanked and under-banked customers of Nepal. IME Pay can be accessed via
mobile and can be serviced through any of the 25000 plus strong agent network.[iii]
4. Parbhu pay
PrabhuPAY
App allows its users to simplify the payment process. With this App, the
consumers can easily make payments for the goods purchased and services
rendered. Quick recharge and easy payment of various utility bills makes this
App more users friendly and on top of that consumers can also transfer the
small value fund to the consumers within PrabhuPAY network.Time is the most
valuable thing in 21st century. Every second of our life is ticking and we have
so much to achieve in our Lives. So why waste time on Queues of Bill payments
and Banking queues just make your all payments from One app that is “PRABHUPAY
Wallet”. No need to worry about the long queue for your basic services of Household
bills like (Electricity, Water, Internet, Landline, Television) payments. These
can be easily paid through your Digital Wallet “PrabhuPAY”. Not only Prabhu Pay
does the basic services but also takes care of Mobile topup, data packs and
recharge pin for subscription renewal. If you ever get sick or need to travel
around the world not to worry about waiting in queue and buying tickets,
Prabhupay does it all. Prabhu Pay provides you services like Hospital OPD
ticketing, flight and bus ticketing, Movie ticketing, Specified Event ticketing
and Digital application form. Hold on! Not only that Prabhu Pay also provides
services such as Insurance Payments, Demat payments, Remittance, Bank transfer,
Co-operative Deposit and Scan & Pay. You just need to load the funds in the
app and enjoy any of the services mentioned above. After using the payment
services from PrabhuPAY you will get this CASH BACK OFFERS and also get amazing
different PROMOTIONAL OFFERS!! The services do not only stop there, we provide
you with Online stores where 3 restaurants are listed. From there you can order
food online. And also, with the Online Medical Equipment store where you can
order Medical Supplies. [iv]
5. Enetpay
E-Net Pay is a quick, safe and easy process
to pay or get paid online. E-Net Pay (www.enetpayment.com), a service of E-Net
Payment Pvt. Ltd. which is one of the smart online payment gateways and works
as an intermediary between the merchant and the shopper for purchase of
merchandise online. Online Payment allows the user to process all types of
online payments such as telephone or mobile top up, recharge cards, internet
bill, school fees, airlines ticket, bus ticket etc. Currently, we have already
signed up vendors such as NCELL, Nepal Telecom, UTL, Smart Cell, Dish Home
Media, Buddha Airlines, Yeti Airlines, Simrik Airlines, Saurya Airlines, Subisu
Cablenet, Broadlink, ViaNet, GME Remit, POSCASH ATM and Bussewa.com. We are
working to add more vendors such as Movies Operators, Schools and Colleges,
Internet Service Providers, both domestic and international airlines, Bus
operators, SCT Network etc. [v]
6. Cell Pay
CellPay is a Nepal Rastry Bank Licensed Payment Service Provider providing
both bank link and wallet facility form the same app. CellPay is a mobile
application which has been uniquely placed with a due feature of digital wallet
and bank link facility easing customer needs. You can make all types of
payments available at CellPay platform. Some of the services available are: Real-time
Fund Transfer facility in banks, Mobile recharge, Electricity Bill payment, Khanepani
(water) bill payment, TV/DTH payment, Internet/ISP bill payment. Insurance
premium payments, Flight ticketing, Payment at online shopping/e-commerce sites,
Demat/Meroshare renewal fee payment, Credit card Payment, EMI payment, Purchase
things via Cellpay Kart section.[vi]
7. Maru
Pay Nep Private Limited, came into existence
as the sixth Payment Service Provider of Nepal by receiving its operating
License from Nepal Rastra Bank on Shrawan 15, 2076 B.S (August 1, 2019) with an
objective of creating a unified aggregated payment platform that brings
exercisable financial power to the hands of all Nepali, in spite of any all
cultural, regional and educational background. Pay Nep sets to provide An easy
to use digital wallet, for all people to exercise their financial power
directly from their hands. An open ended API based integration system, for all
BFIs and Payment Platforms, to eliminate the need for the users to physically
visit any branch, to receive the banking facilities, and transact. An easy to
integrate API based aggregator, for all Merchants/ Merchant groups, to have a
digital solution both for operations and transactions. With the diverse
academia and experience of its founders, Pay Nep Private Limited believes that
it can recognize the problems associated with the trade, and the economy as a
whole, with an insightful approach to address and solve it. The key focus of
the company is always centered on serving unfulfilled needs of all users by
offering swift and modern technology-driven payment products and services,
thereby leaving the impression as an institution truly committed to enhancing
user satisfaction, convenience and value. Capital Structure: Authorized Capital
NPR 100,000,000.00/ Paid Up Capital NPR 60,000,000.00.[vii]
8. Q-PAY
QPay Pvt. Ltd. Incorporated and registered in Nepal has
brought forward mobile based payment solution. Our solution facilitates QPay
users to make payments via their mobile devices for the products purchased
and/or services availed. QPay Solution utilizes cutting edge technology to
provide simplified payment solution to all the stakeholders (Consumers,
Merchants and Financial Institutions). Our solution is a paradigm shift in the
payment landscape and provides an alternate solution for everyday small value
transactions which is or has been traditionally cash based. Our core focus is
to simplify the payment in line with our company motto “Payment Simplified”[viii]
9. dPaisa
d-पैसा is a Nepal’s online wallet system that offers various utility payment services for customers. d-पैसा offers the safest and fastest online payment experience for various Bill Payments, Mobile Recharges, Money Transfers, Domestic Remittance, shopping and wallet payments. Goldmine Business Group initiated as the authorized distributor of Nepal Telecom (NTC) recharged card, Embracing technological disruption, d-पैसा was introduced as a product of Goldmine Business Group, Which is a mobile wallet and an online payment system that allows you to transfer funds, make payment and pay your utility bill in seconds. Gone are the days where you have to stand in line or flatter someone to send and receive money. [ix]
10.
Phonepe
Over the next
decade, digital payments are going to
become more accessible to the next billion users. Our goal is to facilitate
this change by building payment solutions for this user base.[xi]
