Kathmandu. Nepal Rastra Bank (NRB) has given final approval for the merger of khalti and IME Pay, the two largest digital payment service providers.
According to Amit Agarwal, Director of Khalti Digital Wallet, the rastra bank has given the final approval on Wednesday.
This is the first time that the two competitors are going to merge in nepal’s digital payments sector. Once the two wallets are merged, they will be transformed into the largest digital wallet company in terms of customer numbers, transaction size, distribution center numbers, capital and manpower.
After the integrated transaction, the digital wallet company will be named IME Khalti Limited. Its registered office will be located at Panipokhari, Kathmandu. The name of the app will be Khalti.
With the final approval, the company has said that the adjustment of users will continue rapidly for the next three months.
Both wallet users’ money and royalty points, Khalti Point and IME Pay Reward Points will also be seen in the Khalti app that runs after the merger within this time.
IME Group is the main investor in IME Pay, while Internet service provider World Link is the main investor in Khalti Private Limited. WorldLink owns 40 per cent stake in Khalti Pvt Ltd.
