Top 10 digital payment services in Nepal

The surge in digital payment transactions in Nepal has reached unprecedented levels. A recently published study reveals that more than 18 percent of total payments in the country are now conducted digitally. This transformation is not only liberating us from the constraints of hard cash but also simplifying our lives with seamless, hassle-free transactions. While Nepal still has a way to go before becoming entirely cashless, the rapid adoption of online payment methods indicates a promising future.

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Top 10 digital payment services in Nepal

What is digital payment?

Digital payment refers to a financial transaction that takes place electronically, without the exchange of physical cash. Instead of using traditional forms of payment such as coins or banknotes, digital payment methods rely on electronic devices and online platforms to transfer money between parties.

Digital payments have gained popularity due to the convenience and efficiency they offer. They have transformed the way people conduct financial transactions by providing secure and seamless alternatives to traditional payment methods. Also read; list of banks and financial institutions in Nepal.

Some common forms of digital payment include:

Mobile Wallets: Mobile wallet apps allow users to store funds digitally on their smartphones and make payments by scanning QR codes or entering recipient details.

Online Banking: Online banking enables customers to access their bank accounts and make various payments online through a computer or mobile device.

Payment Gateways: Payment gateways are online platforms that facilitate secure transactions between customers and merchants when making purchases online.

Contactless Cards: Contactless payment cards use near-field communication (NFC) technology to enable tap-and-go transactions at compatible point-of-sale terminals.

Peer-to-Peer (P2P) Payment Apps: P2P payment apps allow individuals to send money directly to each other's accounts using their mobile devices.

Cryptocurrencies: Digital currencies like Bitcoin and Ethereum offer decentralized digital payment systems based on blockchain technology.

Digital payment methods offer several advantages, including speed, convenience, and the ability to track and manage transactions easily. They have also played a significant role in promoting financial inclusion by providing access to banking services for people in remote areas who may not have access to traditional banks.

Top 10 digital payment services in Nepal

Gone are the days when visiting a bank teller or an ATM was necessary. Today, you can load money into your digital wallet app, such as eSewa or Khalti, and make a wide range of payments directly from your smartphone. These platforms offer a plethora of services that contribute to a convenient lifestyle. Let's explore the top 10 digital payment services available through eSewa and Khalti, all accessible from the comfort of your smartphone.

Mobile Recharge

With mobile phones becoming an essential part of our lives, staying connected on the go has become imperative. However, recharging your mobile balance using scratch cards can be a hassle. With eSewa and Khalti's online top-up service, you can now avoid the inconvenience of buying and entering PIN numbers manually. A few taps on your smartphone screen are all it takes to recharge your Nepal Telecom, Ncell, or Smart Cell mobile balance instantly.

Internet Bill Payment

Imagine running out of internet balance in the middle of the night while watching your favorite movie or sports match. To avoid such annoyances, you can pay the internet bill of major ISPs in Nepal, including WorldLink, Vianet, Subisu, Websurfer, and ADSL, instantly using your smartphone.

Monthly TV Bill Payment

For those using DTH services like Dish Home, recharging was once a tedious task, especially for those in remote areas who had to travel for hours to buy recharge cards. Even in urban areas, missed due dates often led to interrupted services. Now, you can recharge your DTH online through eSewa and Khalti, ensuring a smooth and uninterrupted TV experience.

Electricity Bill Payment

Paying electricity bills was an ordeal for people in rural areas, who had to travel long distances and spend money on transportation to reach payment centers. Now, thanks to eSewa and Khalti, this inconvenience is a thing of the past. Paying your electricity bills is as simple as a few taps on your smartphone, saving both time and money. Additionally, you can pay bills for your family back in the village if you reside in the city, further easing their burden.

Khanepani Bill Payment

Paying monthly water bills no longer requires standing in long queues at cash counters. You can now settle your water bills online or through your mobile phone using eSewa and Khalti's Digital Wallet, making the process quick and efficient.

Flight Booking at the Cheapest Rate

Traveling domestically by air has become increasingly popular in Nepal. However, booking flight tickets through counters can be time-consuming, especially during emergencies. eSewa and Khalti come to the rescue by offering hassle-free and secure flight ticket bookings. You can compare flight rates and find cheaper deals, and book tickets for various airlines right from the app or website.

Movie Ticket Booking

Standing in long queues to purchase movie tickets is a thing of the past. With eSewa and Khalti, you can book movie tickets anytime and anywhere, making instant payments through the app or website. Enjoy the convenience of booking movie tickets for various cinemas without any hassle.

Hotel Booking

Booking hotel rooms used to be a challenge for travelers in Nepal, but eSewa and Khalti have partnered with OYO, a global pioneer in hotel services, to make the process effortless. Now, you can book over 35 budgeted hotels in Kathmandu and Pokhara through Khalti with just a few clicks on your smartphone.

Payment at Online Shopping Sites

The growth of online shopping sites in Nepal has been remarkable, with Daraz, Sastodeal, Hamro Bazar, Urban Girl, and Kitab Yatra gaining popularity among Nepali consumers. While Cash-On-Delivery was the norm, eSewa and Khalti are striving to shift the trend towards digital payments. You can currently make online payments on various e-commerce sites in Nepal using eSewa and Khalti, with plans to expand this service to more platforms.

Cashless Payments at Restaurants and Retail Stores

Say goodbye to paper notes and cards for payments at retail stores and restaurants. By using eSewa and Khalti, you can make cashless transactions for all your purchases, ensuring a seamless and secure experience. Moreover, Khalti's Scan and Pay feature enables quick digital payments at numerous restaurants in town.

With the rapid advancement of digital payment services in Nepal, it is clear that the country is steadily moving towards a cashless future. By embracing these convenient and efficient payment methods, Nepali consumers can enjoy a more straightforward and hassle-free lifestyle.

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