It is a sign that Nepalis are fast adopting digital payment methods as digital payment service provider Khalti’s android app crossed 500,000 downloads milestone just two years after its launch in the Nepali market.
Manish Modi, Managing Director of Khalti said, “Every day, tens of thousands of users load money to their Khalti wallet and consume it to make various digital payments. Similar to android app users, feedback from Khalti’s iOS app and web users is also equally exciting. We are working to create digital payment habits among all Nepalis.”
As per Nepal Telecommunication Authority’s latest MIS report, the country has over 137% mobile telephony penetration and 65% broadband internet penetration. Likewise, NRB’s latest statistics show that over 83 lakh people use mobile banking in Nepal, and the number of internet banking users is over 9 lakhs. However, as per World Bank’s 2017 Global Findex Database, only 45% of Nepal’s population is banked.
