Let’s do it. IME Pay and Khalti Wallet have been merged to start an integrated transaction named ‘Khalti by IME’ from today. After being included in a single app, 12.7 million customers have been connected to the transaction.
Ime Khalti Limited, a new company formed with this merger, has a paid-up capital of 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 sole interest-paying wallet, IME was popular in services such as permeatance, 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. Khalti by IME Pay users have the facility to migrate to ‘Khalti by IME’. 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 and Triveni Group.
Chairman of IME Digital Solutions Krishna Prasad Sharma expressed the belief that IME Khalti Limited, formed by the merger between IME Pay and Khalti, would 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.
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