Prabhu Bank Limited has signed an agreement with the Khalti Digital wallet with the motive of providing digital payment service to its customers. Prabhu Bank’s Chief Operation Officer – Ms Rashmi Panta and Khalti’s Director Mr Amit Agrawal signed the MOU at Prabhu Bank’s Head Office, located at Babbar Mahal. 

With this partnership, Prabhu Bank customers across the nation can now load funds in their Khalti wallet using the bank’s mobile banking and internet banking service and make all kinds of digital payments available at Khalti’s platform. This partnership is expected to further help in the adoption of digital payments in Nepal ultimately moving the country towards a cashless economy.

According to the agreement, the bank will provide Khalti Digital Wallet with a Virtual Machine Operating System through which the customers can load Khalti using the online and offline mediums. Prabhu bank users can load funds in Khalti through different mediums such as Bank Binding/Linking, E-banking, Mobile Banking, Bank Smart, Banking Checkout, will provide ‘Load Khalti’ service. 

Started in January 2017, Khalti is an emerging mobile payment solution in Nepal. It provides various utility bill payment services, mobile recharge, DTH recharge, domestic flight booking, movie ticketing, event ticketing, hotel booking, newspaper subscriptions, and payments at online shopping sites among various other digital payments services. Khalti is a licensed Payment Service Provider from Nepal Rastra Bank. Currently, more than a million people regularly use Khalti for various bill payments services.