Indian tourists visiting Nepal were able to pay for the services through their mobile phones on Wednesday, for the first time since the ban on high-denomination Indian currency notes eight years ago.
This marks a milestone in cross-border digital payment between Nepal and India and is expected to give a much-needed boost to the country’s tourism.
Khalti reported that on the first day, they recorded more than 100 transactions.
“The highest single transaction we recorded on Wednesday, the first day, amounted to Rs9,000 through the QR-based cross-border payment system,” said Binay Khadka, the CEO of Khalti, a digital wallet for instant online payments in Nepal.
“We expect daily transactions to increase in the coming days.”
The cross-border digital payment service was put on trial at the start of the week. The formal announcement for the commercial operation was made on Wednesday.
The reciprocal service for Nepali citizens in India, however, has been delayed for unknown…
