Khalti, Nepal’s prominent digital payment service provider has announced that it has struck up a partnership with Fonepay Payment Service Ltd. and NPCI International Payments Ltd (NIPL) of India to launch cross-border QR transactions through its Khalti app. That means Indian tourists on their visit to Nepal can conveniently make digital payments in Nepal by scanning Khalti QR codes on their mobile wallets such as PhonePe, Google Pay, and BHIM UPI (India’s popular digital wallets).
The announcement follows the recently begun Nepal-India cross-border digital payment initiative between the two countries. This revolutionary cooperation between the two neighboring countries opens up various economic prospects for all. First, it allows Indian tourists in India to pay online hassle-free. Secondly, it also unlocks new avenues for Nepali merchants for their businesses. Khalti says that this service will greatly benefit small and medium enterprises (SMEs) as they become one part of the vast tourism market.
Khalti has already integrated Fonepay into its payment network and now, it has landed another landmark partnership which further emboldens its value in the digital economy promotion for Nepal. Recently, the Indian government allowed Nepalese to buy Indian SIM cards in India. Now, this inter-country transaction will further prop up the prospects for both.
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How can Indians pay in Nepal using PhonePe, Google Pay, and BHIM apps with Khalti?
Indian tourists can easily pay in Nepal by scanning QR codes on Indian digital wallets such as BHIM UPI, Google Pay and PhonePe. Here are the steps on how Indians can pay in Nepal using Indian digital wallets:
- Launch Indian digital wallet apps such as BHIM UPI or PhonePe
- Scan Fonepay QR to pay at Khalti merchants.
Khalti launches cross-border payment for Indian tourists to pay in Nepal
Khalti says that over 20,000 Nepali merchants can now accept QR payments from Indian tourists. This not only generates a new way for revenue streams but also lets them contribute to the overall economic growth.
Additionally, Khalti erases the hassle of currency exchange or having to carry physical cash for Indian tourists. Simply put, they can scan QR codes and pay digitally within a few seconds. That means even the need to carry traditional payment cards is no longer a necessity while making purchases in Nepal. With this digital payment facility, they will feel an elevated travel experience.
Regarding this milestone collaboration, Khalti’s CEO, Mr. Binay Khadka said,
“We are delighted to announce Khalti as the pioneer Nepali digital wallet offering international digital payment services. Khalti’s commitment to advancing financial inclusion for all Nepalis has led us to extend this service to over 20,000 merchants. The Nepal-India cross-border digital payment facility is poised to play a pivotal role in fostering trade, tourism, and economic cooperation between the two nations. We are steadfast in our belief that such initiatives will significantly contribute to prosperity and development.“
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Khalti says that a cross-border payment facility will also open up for Nepali users in India
For now, the Khalti app has enabled Indians to make online payments using PhonePe, Google Pay, and BHIM UPI. However, in a few days, Nepali citizens will also be able to reap the benefits in Indian markets. As Khalti says, Nepali Khalti wallet app users can also scan QR codes and pay electronically in India. If you are a digital wallet user, then this service by Khalti will be exceptionally helpful if you have to go to India.
The leading payment service provider says that it has completed all the groundwork and prepared the necessary infrastructure to get the service underway. It adds that users and merchants alike will have a seamless and hassle-free cross-border payment experience with its efforts.
Khalti marks the collaboration with Fonepay and NIPL (India) as a milestone in its effort to digital innovation. The cooperation solidifies its commitment to driving financial inclusion and promoting economic growth.
How can Indians pay in Nepal with Khalti QR? Here are the FAQs
Cross-border payment between Nepal and India has been made easier with Khalti QR. Here is everything you need to know in this FAQs list.
Yes, cross-border payment is available between Nepal and India after an agreement between the two countries’ central banks.
The cross-border payment between Nepal and India began on February 28, 2024.
Indian tourists can pay online by scanning Khalti QR codes through the PhonePe, Google Pay, and BHIM UPI apps.
Yes. Indians can make online payments in Nepal using Indian digital wallets such as BHIM UPI, Google Pay, and PhonePe.
BHIM UPI, Google Pay, and PhonePe can charge the amount as permitted by the Reserve Bank of India (RBI).
Cross-border transaction between Nepal and India deepens both countries’ economic ties. It also means a remarkable facility for people of both countries as they frequent each others’ land for various purposes. What do you think of Khalti taking this initiative to allow Indians to make easy online payments in Nepal? Will it massively benefit the economy and SMEs here? Do share what you think of it in our comments box below.
