Kathmandu. IME Pay and Khalti Wallet have been merged and an integrated transaction named ‘Khalti by IME’ has started from today.

After being included in a single app in this way, 12.7 million customers have been connected to the transaction. With this merger, the paid-up capital of the new company ‘IME Khalti Limited’ has reached more than Rs 540 million. Khalti by IME has become the largest digital wallet in the country. This merger will add a new dimension to the Nepali digital economy.

The two wallets had been providing various digital payment services for almost a decade before the merger. Known as the only interest-paying wallet, IME Pay was popular in services such as remittance, indrive payments, while Khalti movie booking, event ticketing and its innovative features were preferred by the youth. Now these two wallets will be merged to provide their excellent services in a more sophisticated, easy, simple and secure way.

The facility of migrating to Khalti by IME is available for former IME Pay users. Through this process, the amount, interest, reward points and all the details in the IME Pay wallet will be transferred to the new app. Khalti users will be able to get a new experience by updating their app. IME Pay was operated under the IME Group.

On the other hand, Khalti, founded by four co-founders, was later joined by corporate investors like WorldLink, Triveni Group. Chairman of IME Digital Solutions Krishna Prasad Sharma has expressed the belief that IME Khalti Limited, formed by the merger of IME Pay and Khalti, will take the potential of Digital Nepal to a new height.

Manoj Kumar Agrawal, Chairman of Khalti, said that this merger is a historic step for the long-term prosperity of the Nepali digital financial sector and IME Khalti Limited will start a new era of financial access across the country.

Chief Executive Officer of IME Khalti Limited, Vinay Khadka, said that there are more plans for expanding digital access, digital literacy and inclusion. The two companies will formally announce the merger by organizing a special program today.