Laxmi Sunrise Bank has partnered with FoneNXT to launch an innovative new digital banking service called OrangeNXT. This service aims to transform Nepal’s digital banking landscape by providing a seamless, mobile-first banking experience tailored specifically for digitally savvy millennials and GenZ customers.
As opposed to traditional banking apps, OrangeNXT allows users to open accounts, apply for financial products, and manage their money completely online through its mobile platform. It is tailored specifically for younger, digitally savvy customers through features like personalized spending insights, savings goals tracking, easy international transfers, and multi-currency accounts.
Here are some of the key things that make OrangeNXT stand out:
Fully Digital Experience Unlike traditional banking apps,
OrangeNXT offers a 100% digital account opening process and product availability right within its sleek mobile app. This means no need to visit old-fashioned bank branches for routine transactions. Customers can open accounts, apply for loans, set up recurring payments, and more without ever leaving their phone.
Personalized for Younger Customers From its visual design to its product features,
OrangeNXT caters to the needs of younger digital native customers. It offers customized spending analysis and savings goals to help users better manage their finances. For non-resident Nepalis studying or working abroad, OrangeNXT also provides easy international money transfers and multiple currency account options.
Strategic Tech Partnership
OrangeNXT represents an innovative collaboration between a leading commercial bank, Laxmi Sunrise, and Nepal’s top fintech startup, FoneNXT. Together, they are merging the trust and regulatory compliance of traditional banking with the tech capabilities and user experience of financial technology.
“OrangeNXT represents the next wave of digital transformation in Nepali banking,” said Laxmi Sunrise Bank CEO Ajaya B Shah at the official launch event. “It fills an important gap in catering to our large digitally native customer segment that expects seamless mobile banking capabilities.”
The strategic partnership between Laxmi Sunrise and fintech startup FoneNXT combines the compliance and trust of a leading bank with cutting-edge technology.
“We set out to create an effortless, efficient banking product integrated fully into customers’ digital lifestyles,” said FoneNXT CEO Sanat K Paudel. “OrangeNXT delivers unmatched convenience across account opening, money management, payments and more.”
With its millennial and Gen Z focus, OrangeNXT enters a high-growth market as Nepal sees rapid rise in younger, working-age digital technology adoption. The service aims to upgrade financial services for this demanding customer segment through user-friendly design and personalized features.