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…
eSewa, the leading digital wallet in Nepal, has launched a eSpeaker device that notifies details about transactions through voice to make digital payment confirmations easier and more efficient. In the launch ceremony held at F1Soft Group Tower on Kartik 1 (October 18), eSewa announced that the eSpeaker device offers instant payment receipt confirmation through an…
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…
Five-Point Highlights Fonepay Payment Service Ltd, Nepal’s Largest Payment Network and NPCI International Payments Ltd (NIPL), the international arm of the National Payment Corporation of India have announced collaboration to launch the first Cross Border QR Payment service between Nepal and India. This historic announcement was made at the Global Fintech Fest 2023, a global…
TLDR: Three-point highlights Everest Bank, a joint venture partner with Punjab National Bank India, has launched FoneTAG, the first of its kind offline digital payment solution in the Nepali market in collaboration with Fonepay, Nepal’s largest digital payment network. FoneTAG enables customers to make merchant payments by presenting NFC tag or a CPQR code (customer…
Fonepay, Nepal’s leading digital payment solutions provider, has signed a Memorandum of Understanding with LankaPay, Sri Lanka’s national payment network, to collaborate on developing an interoperable digital payment system that will enable seamless and affordable cross-border payments. The partnership aims to bridge the gap between the two countries’ payment ecosystems by revolutionizing the digital payment…
Fonepay Payment Service Limited (Fonepay), Nepal’s leading digital payments company, today announced an agreement with NMB Capital Limited, a prominent Nepali investment bank, to provide advisory services for Fonepay’s initial public offering (IPO) and listing on the Nepal Stock Exchange. The partnership marks a pivotal moment for Fonepay as it takes concrete steps toward achieving its long-held goal of becoming…
With an objective to fully digitize Manakamana temple area, NMB Bank and FonePay are collaborating to promote digital payments. In this regard, NMB Bank is distributing QR Codes which are operated by FonePay to the vendors around Manakamana bazaar area. On the 16th of December 2022, the Executive Director of Nepal Rastra Bank Guru Prasad…
Just note how many times you made a QR code payment in the last 24 hours. It might be at least once, right? If not also, your mobile banking system already has a QR code payment option right at the mid-bottom. And, the digital wallets too have the QR code payment option. The reason for…
The wave of QR code payment has brought a revolution in the field of digital payments. During the pandemic of Covid-19, physical restrictions over travel, shopping and events somehow have been a catalyst for the emergence of contactless payments like QR to become prime payment mediums. Moreover, the usage of mobile phones for numerous purposes…
