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Khalti Facilitates Digital Insurance Payments In Nepal

08-13-2019 12:00 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Khalti Digital Wallet

Khalti has signed an agreement with Reliance Life Insurance Limited with to provide digital payment service for its customers through Khalti’s app and website. Pravin Raman Parajuli, CEO of Reliance Life Insurance Ltd. and Manish Modi, Managing Director of Khalti signed the partnership agreement on Tuesday, 13 August 2019.

With this partnership, Reliance Life Insurance Limited’s customers across Nepal can now make their payment through Khalti easily and conveniently. Customers can pay their premium using the fund in their Khalti wallet or directly through e-banking and mobile banking options available in Khalti’s platform.

Speaking about the partnership, Pravin Raman Parajuli, CEO of Reliance Life Insurance Ltd. shared,

“At Reliance Life Insurance, we are working to redefine insurance industry in Nepal. We are excited to collaborate with Khalti to introduce digital payment for insurance. Now, our customers can pay insurance premium directly from their mobile phone using Khalti app. In addition to benefiting the customers, going digital will benefit the insurance industry as well since it will help in keeping track of premium payers and make it easier to track irregularities.”

Similarly, speaking about expanding its digital payments portfolio to life insurance payments, Khalti’s MD Manish Modi shared,

“We are glad to partner with Reliance Life Insurance Limited. Now, Reliance Life Insurance customers need not visit the insurance office or banks to pay their insurance premium. They can pay the premium directly from their smartphone using Khalti. This is an easy way to pay insurance premiums conveniently without any hassle. Now, we feel we have headed one step closer to making transactions digital in Nepal.”

Digital payment is seeing an upwardly trend in Nepal in recent times. As per the latest statistics from Nepal Rastra Bank, more than 70 lakh people use mobile banking in Nepal, and almost 9 lakh people use internet banking. Similarly, as per the latest MIS report from Nepal Telecommunication Authority, 64% of Nepal’s population has access to fast speed broadband internet. In this scenario, introducing digital payment for life insurance holds a lot of significance.

Users can download Khalti app from khalti.com/app and pay insurance premium directly from their smartphone.

Name of the company: Khalti Digital Wallet

Full Postal Address of the company: Sparrow Pay Pvt. Ltd.

Harihar Bhawan, Lalitpur

00977-1-5010651
info@khalti.com

Website: https://khalti.com

Launched in January 2017, Khalti is a mobile wallet & payment gateway service provider in Nepal. It allows users to pay for a range of services like basic utility payments, hotel bookings, movie and domestic flight tickets, online shopping and many more. Khalti is built by the world-class engineering team behind Sparrow SMS which has served millions of Nepalis over the last 10 years. Khalti’s goal is to simplify the lives of people by bringing financial inclusivity to every individual in Nepal and take the payment industry from offline to online through best practices.

Khalti is one stop payment gateway that provides range of services including online mobile recharge, bill payments, online ticketing and many more. Khalti is operated and owned by Sparrow Pay Pvt. Ltd. Our parent company Janaki Technology has been in the software product industry since 2010.

Janaki Tech has been a leading software company in Nepal for the past 7 years. In this time span, we have grown rapidly and continue to succeed despite the challenges we face. We have been serving thousands of businesses and millions of people through our products Sparrow SMS and Picovico. Our company is home to some of the brightest minds in the country, which includes a team of highly skilled developers and interactive marketers. Our solution-oriented approach makes us reliable for any and all kind of service you might require from Khalti with the best user experience possible.

Our goal is to simplify lives of people by bringing financial inclusivity to every individual in Nepal and take the payment industry from offline to online through best practices.

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