Fonepay Nepal Doodle

Fonepay is Nepal’s largest payment network licensed and regulated by Nepal Rastra Bank as a Payment System Operator (PSO).

About - Featured Image

Interoperable payment network of Nepal and beyond

Fonepay connects Banking and Financial Institutions, Digital Wallets, Consumers, and Merchants in its interoperable network and facilitates various Person-to-Person (P2P) and Person-to-Merchant (P2M) payments and offers other services aligning with instant, easy and convenient money movement.

This interoperable network connects over 60+ partners with over 20mn + registered customers and 1.2mn + merchants in Nepal. Fonepay QR is EMV compliant, which is the most widely accepted standard for QR payments.

Fonepay Journey

A timeline that represents the journey of fonepay from the ideation all the way to the present day.

2019

October

  • Company incorporated

November

  • Launched Offer App & Loyalty Program

2020

February

  • Received PSO License from the Central Bank in Nepal

March

  • Onboarded 100K Merchants

December

  • Governor of Nepal endorsed the first Micro-Merchants QR Activation

2021

September

  • Reached 500K Merchant Network with 50+ member BFIs

2022

March

  • VISA Network Launch in Nepal

April

  • ISO 27001:2013 Certified
  • Settled 3.5 Arba Volume Worth Transaction in a day

June

  • Reached 800K Merchants Network

November

  • Onboarded 1 million Merchants

2023

February

  • Launched Offline Payment Features “FoneTAG” & Virtual Vouchers

April

  • Settled USD 1 Billion Worth Transaction in a month

May

  • Initiated Cross-Border Payments Collaboration with LankaPay

September

  • Launched UPI Cross Border Payment Program at Global Fintech Fest, India

October

  • Settled NPR 10 billion+ transactions on a single day

Core Purpose

Building inclusive financial infrastructure where fintechs can co-create and innovate for economic progress and individual prosperity.

Our Vision

Transforming lives through digital innovation

To provide the best platform for digital revolution and serve every Nepali citizen every single day.

Our Mission

Empowering Nepal through seamless digital connectivity

To connect people to digital financial services across Nepal in simple, affordable and secure ways.

Tiger on a Cliff

Our Core Values (TIGER) standing atop our Culture Pillars (CLIFF)

Trust
Integrity
Grit
Empathy
Respect
Tiger on a Cliff
Collaboration
Learning
Innovation
Fair
Fun

We start with Trust

We are committed to honesty and reliability in all our relationships to ensure that we trust each other and our customers trust us.

A Culture of Collaboration

Individuals work collectively towards a greater common goal by sharing knowledge, ideas, and resources with mutual trust for one another.

We are driven by Integrity

We are guided by the highest moral and ethical standards and take full responsibility of our actions while caring deeply about the outcomes.

A Culture of Learning

Gritty Individuals and teams embrace each challenge and setback as an opportunity to adapt, re-strategize, and grow.

We work with Grit

We strive for excellence and remain focused and resilient to overcome all challenges even when faced with adversity.

A Culture of Innovation

Everyone is focused on creating leading-edge solutions based on empathy by putting customers at the core of everything.

We embrace Empathy

We put ourselves in the shoes of others to understand their feelings and perspectives to create an environment for human-centric relationships and customer-centric innovations.

A Culture that is Fair

Individuals demonstrating Integrity to participate in interactions and decisions that are impartial, unprejudiced, and unbiased.

We stand for Respect

We recognize that every individual is unique and treat everyone with dignity regardless of gender, class, opinion, or creed.

A Culture that is Fun

Individuals feeling valued and treating each other with Respect to nurture a vibrant and inclusive workplace with an enjoyable experience.