The best e-wallet app in Nepal 2020

We live in a digital world where now technology has been developing rapidly. Most of our daily work can be digitally done these days and now since most of the world is in lockdown due to COVID-19 even schools and offices operate digitally. There is no doubt about how far technology has come and now it has even made digital payment possible because of which, now our phone can act as our wallet. With this development of digital wallets, we don’t really need cash to carry out our payments. Online payment has gained a lot of popularity in the world but people in Nepal still really don’t trust this concept this is because of the fact that they aren’t correctly informed about the cashless payment system and neither are most Nepalese well acquainted with the latest technology.

 First, let me start off by defining E-Wallets. E-wallets or digital wallets are basically the digital versions of your debit or credit cars stored in a mobile app that allows you to store funds, make payments, and record the transaction history through a computer. Digital wallets are easily accessible as all you need to do is download it and go through a simple process of registration and then pay for different commodities and services easily just through your mobile phone. 

Nepal doesn’t really have access to international digital wallets such as PayPal or Google Pay but it does have various other digital wallets such as Esewa, Khalti, IME Pay, and many more. In spite of having a lot of digital wallets the percentage of people using them are very low. As per the data from ‘The Kathmandu Post’ online banking users have increased from 1.75 million in 2016 to 8.34 million in 2019, and although there is a significant rise in the users, cashless payment has still not been normalized in Nepal as even people who are aware of the digital wallets prefer using cash and debit cards. However, in recent years with the remittance increasing people mostly rely on banks, and most banks even have an online banking app through which the digital wallet can easily be recharged so the E-wallet industry is actually growing in Nepal.

Since there are various E-wallets to choose from below I have compared the features of a few popular E-wallets that most Nepalese use along with the benefits.


Most of us are well aware that eSewa, a product of F1Soft is the first digital wallet of Nepal which was launched in the year 2009. It took a lot of time for this product to become familiar with in the Nepalese and now it is widely used because of the services and offers it provides.

Utility payments such as electricity bills, internet bills can easily be made through this app and you can even get discount and reward points which you can, later on, redeem to make other payments. You can even purchase tickets for various events and also even book domestic flight tickets. So basically this app has made daily life transactions even easier.

Likewise, the interface too is very easy to use and is secured as well since to make every payment you need to enter a 4 digit code and the information of the transaction is sent to the registered mobile number and email address.

Loading funds to and from eSewa is really simple as well for it includes many banks and financial institutions. It also has an offline mode feature in which you can carry out a limited number of transactions through SMS.


Khalti is the second famous digital wallet of Nepal and is a product of Sparrow Pay Pvt.Ltd. It was launched in the year 2017 and ever since then has been providing a wonderful range of features.

Like E-Sewa utility payments can be easily paid with Khalti but customers get a lot of benefits from Khalti because it provides cashback whilst making payments for movies, TV, and the internet. Along with that it also offers Khalti Points which can be earned from the transactions which the customers can redeem to get gift vouchers.

Talking about the security, it requires you to type in the first 4 digits of your Khalti account password every time you open the app, which can keep your account safe. There is also a biometric security option.

IME pay

IME Pay is the product of IME remittance and even though it is new, it is very much liked by people. Although it is more of a mobile remittance a digital wallet, it provides various services. Obviously, since most of its users are the customers of its parent company so it is mostly used for remittance but that doesn’t mean it doesn’t provide other facilities.

For instance, utility payments can be easily made and you can get the highest amount of cashback on flight booking which is impressive and you even get award points like the other apps. Using the app isn’t much hard either since the app design is very easy to use.

All three of the aforementioned wallets have their own benefits, so I suggest you to use the one that is most suitable for you since each of these apps has wonderful and attractive features.

All of the applications that I talked about are available both on Andriod and IOS devices. To know more about it you can visit the website of the respective wallet.

E-Wallets are undoubtedly really helpful and beneficial since we don’t need to carry cash anywhere we go and can make payments just by staying at home. Digital Wallets have a variety of advantages but that doesn’t mean they are flawless either. There are some downsides of digital wallets as well but first, off I am going to list some of its perks.

  • E-wallet saves a lot of your time since you don’t have to stay in a long queue to make utility payments.
  • It keeps a history of all your transactions so you can track how much you are spending and on what.
  • The reward points that you can collect can save you some money.
  • It is much safer as there’s a chance that you may lose your cash but with e-wallet, your cash can’t be misplaced.

Like I already said, E-wallets aren’t completely flawless either nevertheless its convenience has some cons as follows.

  • Because there are a lot to choose from, there isn’t any specific wallet that can be internationally used easily.
  • Although it is safe, it is not fully secured as unless your device is protected someone else can access your funds.
  • It may charge a little extra for making certain payments.

Personally, I think E-wallets are a very useful innovation and in the context of today, it is even sanitary and can help with the social distancing. Since it is related to an individual’s money I don’t really doubt about its security either.  So all in all digital wallets are really handy and should be promoted more in Nepal. People must be taught about digital payment methods in various locations within the country.

For the last part of this article, I have answered some Frequently Asked Questions related to the digital wallet.

How do I pay through E-wallet in Nepal?

Paying through e-wallet is easy as you can do it by a few clicks on your phone. You just need to choose the desired payment you are making, enter the amount you need to pay, and put in your pin number.

In stores, usually there are QR codes which you can scan to make the payments.

How do I load funds onto my E-wallet?

You can load funds onto E-wallets from your bank account using mobile banking and since a lot of the banks in Nepal are under the E-wallet services, the process is simple. Even if you don’t have a bank account, you can load funds, in Nepal, some shops tend you give you the recharging service.

Are digital wallets of Nepal secured?

Yes, digital wallets are pretty much well secured as it requires your pin number for every transaction and you get notified when any transaction is made.

How do I get an E-wallet in Nepal?

You can get E-wallet simply as you download it from Playstore or App Store. After downloading it, there is an uncomplicated process of registration. You need to include a photo of your citizenship for your identification.

Using digital wallets isn’t difficult and you can save your time and money through it so I definitely recommend the use of e-wallets and it should be promoted for in Nepal since it will also develop an online market.