Kathmandu. IME Khalti Limited (Khalti) has introduced a super wallet facility for all its users. This service, operated in partnership with Global IME Bank, is Nepal’s first digital wallet facility that provides users with direct interest on their wallet balance. With this, Khalti has become the first digital payment platform to usher in the neo-banking era in Nepal.
Previously, this badge facility was available only to a limited number of users who migrated from IME Pay. But now, eliminating this limitation, Khalti is extending the facility of Super Wallet to all its KYC verified individual users. With this, Khalti wallet is now not just a payment tool for users, but a modern saving tool for the users.
Features and Benefits of Super Wallet:
Attractive Interest Rate: Currently, the interest rate is 2.75% per annum and this rate is based on the standard interest rate set by the partner bank.
Automatic Interest: Once Super Wallet is activated, the interest will be calculated on a daily basis and will be automatically credited to the wallet on a monthly basis.
Easy digital processes: the facility can be activated instantly from the Khalti app, without a visit to the bank or the hassles of paperwork.
Qualifications required to activate Super Wallet:
To avail this feature, the user’s account must be KYC verified and meet one of the following conditions:
Has completed at least 10 successful transactions with KYC verified, or
The KYC verified and the overnight balance in the wallet was maintained at Rs 1,000.
(This feature is only available for individual accounts: POS and merchant accounts will not be eligible.) )
How to apply?
Users can easily apply by going to the super wallet section of the Khalti app on the home screen and by tapping the apply button. The Super Wallet will be activated by the morning of the next day. For existing IME Pay users, this feature is already active and they will not have to apply for it again.
Speaking on the occasion, Mr. Prabin Regmi, Chief Executive Officer of IME Khalti shared, “A huge population in Nepal is still out of the reach of formal banking system. We are addressing this inequality through Super Wallet. Now, every Nepali — whether he is a farmer in a village, a small businessman in a city, a worker toiling abroad, or a student who spends a little money — will have every penny he or she has to spend for him. Even a student will be able to experience first-hand how their small amount of money is growing, which will inculcate in them a healthy habit of saving from an early age. Khalti is no longer just a medium of digital payment – it is an experience platform to teach Nepalese a culture of financial discipline and saving. This is not only a commercial success for Khalti, it is also a decisive step towards financial democratization and financial literacy in Nepal. ”
