Khalti and eSewa: the rivalry that keeps Nepal’s fintech ecosystem alive
▸ Part of: AnK Launches GPU Infrastructure for Nepal's AI Startups and Students
The rivalry between Khalti and eSewa has significantly boosted Nepal's digital economy, fostering innovation and competition in the fintech sector. Despite eSewa's dominant market share, Khalti's merger with IME Pay created a strong counterweight, forcing both to improve services and infrastructure, leading to a surge in QR transactions. While the industry faces challenges with profitability due to regulatory policies like zero merchant discount rates, the competition is seen as crucial for driving inclusion and product improvement.
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