Kathmandu, April 25 -- Khalti has been granted a "payment service provider" licence under the Nepal Rastra Bank's Payment and Settlement Bylaw for Wallet Services through telecommunication technology and internet.

Along with digital payment services, Khalti can now provide domestic money transfer facility and mobile financial services in Nepal, the company said in a press statement.

Khalti was launched by a team of young entrepreneurs on January 26, 2017. After getting the licence, the team is encouraged to take financial services to the next level, the company said. "It will work to bring offline services to and make the lives of people easier," said Manish Modi, managing director of Khalti.

"Digital payment is a very recent phenomeno...