(Last Updated On: October 19, 2020)
Agricultural Development Bank Limited has signed an agreement with Khalti Digital Wallet to facilitate its internet and mobile banking customers for digital payments. Mr. Yagya Prakash Neupane – Chief Finance Officer Agricultural Development Bank Limited and Mr. Amit Agrawal – Director of Khalti signed a partnership agreement amidst a ceremony organized at the bank’s head office in Ramshahapath Kathmandu.
With this partnership, Agricultural Development Bank Limited customers across the state can now load funds in their Khalti wallet using the bank’s mobile banking and internet banking service and make all types of digital payments available at Khalti’s platform.
Agricultural Development Bank believes that the purchasers of the bank will get broader facilities of digital solutions. This partnership is awaited to further help within the adoption of digital payments in Nepal ultimately moving the country towards a cashless economy.
According to this agreement, the bank will provide Khalti Digital Wallet with a Virtual Machine OS through which the purchasers can load Khalti using the web and offline mediums. Agricultural Development Bank users can load funds in Khalti through different mediums like E-banking, Mobile Banking, Bank Smart, and Banking Checkout, which can 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, flight booking, movie ticketing, event ticketing, hotel booking, newspaper subscriptions, and payments at online shopping sites among various other digital payments services. Khalti may be a licensed Payment Service Provider from Nepal Rastra Bank. Currently, quite 1,000,000 people regularly use Khalti for various bill payments services.