# eSewa vs Khalti vs FonePay: best wallet for Nepal schools (2026)

> A school-focused comparison of Nepal's three biggest digital wallets — eSewa, Khalti and FonePay — covering fees, parent adoption, settlement and reconciliation.

Source: https://edugradup.com/blog/esewa-vs-khalti-vs-fonepay-for-schools/

Nepal's wallet market is dominated by eSewa, Khalti and FonePay, with IME Pay and ConnectIPS playing supporting roles. For a Nepali school, the choice of wallet partner affects parent adoption, fee-collection speed and the reconciliation workload on the accounts office.

eSewa has the largest install base and the most parent familiarity, but its merchant fees on education can be negotiated lower than its published rates for schools with high volumes. Khalti has a more modern UX and better support for schools, while FonePay's QR-based flows work well for parents who prefer a bank-linked experience without installing a new app.

EduGradUP integrates all three natively, plus IME Pay and ConnectIPS, with auto-reconciliation against the student fee ledger and instant Nepali receipts.