Khalti, which is a rising digital wallet and payment portal in Nepal has launched its wallet to bank money transfer facility, which enables its users to transfer the balance in their Khalti to their bank accounts.
Alongside this Khalti wallet facility, the company is also launching its dedicated ‘Withdraw’ section on the Khalti app as well as the website that allows the users to proceed to the bank withdrawal.
Users can now “cash out” money in their Khalti wallet via Khalti’s iOS and Android app as well as through web dashboard via Khalti.com.
Users will be able to transfer Rs. 40,000 from Khalti to their bank account at a time. Users can do this twice a day, i.e. only Rs. 80,000 is transferable in a day. Similarly, the maximum transferable amount in a month is Rs. 2,00,000. The withdrawal transaction takes place in real time, i.e. the transaction takes place within a maximum of 15 minutes.
Khalti looks forward to making its wallet service secure and reliable enough so that the users can transact with nominal charges.
For now, the service is available to the users with their account in Nepal Investment Bank Limited (NIBL) only and is looking forward to deploying it to other banks of Nepal as well so that number of people can use the service.
The Director of Khalti, Manish Modi, while announcing the launch of this money transfer facility said, “When we launched Khalti, we embarked on a goal to replace the physical wallet. By adding withdraw feature, we have expanded the capabilities of digital wallet beyond payments. Khalti users can now transfer money from their mobile wallet to bank accounts of their friends and family in a very easy, convenient and secure way. This feature will be especially useful to those who have to transfer small sums of money on a regular basis. You no longer need to visit the bank to send money, instead do so with just a few clicks on a phone. It is a gesture from Khalti that financial transactions and money transfers services are going digital.”