Kathmandu, Nepal – June 18, 2025

In a historic move set to redefine Nepal’s fintech landscape, the Nepal Rastra Bank (NRB) has granted final approval for the merger of two of the country’s leading digital payment platforms, IME Pay and Khalti. This groundbreaking consolidation marks the first-ever merger between major digital wallet providers in Nepal, paving the way for a stronger, more competitive player in the rapidly evolving digital finance sector.

A Strategic Union: IME Khalti Limited

The newly formed entity will operate under the corporate name IME Khalti Limited, while the consumer-facing digital wallet will retain the widely recognized Khalti brand. This strategic decision ensures continuity for millions of existing users while leveraging the combined strengths of both platforms:

• IME Pay’s extensive remittance network and financial backing from the IME Group.
• Khalti’s large user base, diversified payment services, and strong brand loyalty.

Key Highlights of the Merger

1. Unified Branding with Seamless Transition

• The company will be officially named IME Khalti Limited, but the app will continue as Khalti to maintain brand trust.
• Users of both platforms will experience a phased integration over the next three months, ensuring minimal disruption.

2. Smooth Migration for Users

• Wallet Balances & Rewards: All IME Pay balances, Khalti Points, and IME Pay reward points will be seamlessly transferred to the unified platform.
• User Consent: IME Pay users will only be migrated after explicit approval, ensuring data security and user control.
• New Users: Going forward, all new customers will onboard via the Khalti app, which will offer expanded services.

3. Expanded Financial Services

The merger will introduce a broader range of fintech solutions, including:

• Global remittance transfers (leveraging IME Pay’s existing network).
• Bank account openings directly through the app.
• Visa card issuance for seamless digital and offline transactions.
• Future plans for microloans, credit facilities, and insurance products.

4. Enhanced Competition in Fintech

The merger creates a stronger competitor to existing market leaders, driving innovation, better services, and more competitive offerings for Nepali consumers. It is also expected to accelerate financial inclusion, particularly in rural areas where digital payments are still emerging.

Regulatory Backing & Industry Impact

The merger was made possible by the NRB’s revised Transaction and Settlement Bylaw, 2077, which now explicitly permits consolidations among digital wallet providers. This regulatory shift reflects Nepal’s commitment to fostering a dynamic and competitive fintech ecosystem.

Commitment to Security & Trust

IME Khalti Limited has assured users that:

• All balances, data, and rewards will remain secure.
• No forced migration—IME Pay users must opt-in to transfer.
• Continuous service with no downtime during integration.

What’s Next?

• Over the next 90 days, the technical and operational merger will be completed.
• Users will receive step-by-step guidance on how to merge accounts (if applicable).
• The new Khalti app will roll out additional features by late 2025.

Expert Reactions & Market Outlook

Financial analysts predict that this merger will:

• Challenge the dominance of existing players like eSewa and others.
• Boost digital payment adoption across Nepal.
• Set a precedent for future fintech collaborations.

Conclusion

The IME Pay-Khalti merger is a transformative moment for Nepal’s digital economy. By combining their strengths, the two platforms aim to deliver superior convenience, innovation, and financial access to millions of Nepalis. As the fintech sector evolves, this consolidation could mark the beginning of a new wave of strategic partnerships in Nepal’s journey toward a cashless future.

For further updates, users can visit:

• Khalti’s official website (www.khalti.com)
• IME Pay’s official channels

Media Contact:
IME Khalti Limited
Email: [email protected]