Fonepay Direct: A Convenient Way of Fund Transfer in Nepal

Do you still go to the bank, fill out a deposit slip, and wait in a queue to transfer money? Or, do you still meet the person and give them cash? If you do, you are missing out on the digital revolution that is changing the way we transfer funds.

Technology has made our lives easier in many ways. It has transformed various sectors, including banking. According to NRB’s latest data, 21,363,989 people use mobile banking in Nepal. This means that about 73% of Nepalis have a mobile banking app on their smartphones.

One of the main benefits of mobile banking is that it allows you to transfer funds easily and instantly. Fonepay Direct is one of the features that you can use in your mobile banking app for this purpose.

Do you want to send money to your friends, family, or anyone else without any hassle? If yes, then Fonepay Direct is a solution you must try through your mobile banking app!

What is Fonepay Direct and why use it?

Fonepay Direct is a fund transfer service that allows you to send money online from one bank to another bank using recipient’s mobile number or account details or personal QR.

Fonepay Direct is available on all major BFI’s mobile banking apps in Nepal. You can use it to send money to any bank account within the Fonepay network, which covers more than 90% of the banks in Nepal. Whether you want to send money to the same bank or another bank, Fonepay Direct can do it for you.

How secure is Fonepay Direct?

Fonepay Direct is not only easy, but also secure and reliable. It uses advanced encryption and security protocols to ensure that your transactions are protected from fraud and cyberattacks. You can also confirm the recipient’s name before sending money, so you can be sure that you are sending money to the right person. 

How to transfer money through Fonepay Direct?

Sending money through Fonepay Direct is very simple. Just follow these 6 easy steps:

Step 1: Login to your mobile banking app.

Step 2: Go to ‘Fund Transfer’ menu

Step 3: Choose the option of sending money to either ‘Same Bank’ or ‘Other Bank’

Step 4: Choose the option of sending money via ‘Using Recipient’s Mobile Number’ or ‘Using Recipient’s Account Number’

Step 5: Enter the required amount & other fields and tap on ‘Proceed’

Step 6: Enter your transaction PIN or simply use your biometric to execute the transfer.

It’s as simple as that! The money will be transferred in real time (within seconds).

Also, don’t miss this amazing offer from Fonepay.

‘Paisa Pathau Thau ko Thau’ and win attractive prizes

You can participate in the exciting campaign “Paisa Pathau Thau ko Thau” and win amazing prizes. The campaign runs from 5 Bhadra to 6 Ashoj, 2080. All you have to do is send money from one bank to another bank using Fonepay Direct with a mobile number, and you will be eligible for the lucky draw. Two lucky winners will get an iPhone 14 Pro each, and many other winners will get weekly prizes.

Next time you need to transfer funds, just open your mobile banking app instead of going to the bank or giving cash. Enjoy digital life.