Fonepay Welcomes Himalayan Bank to Its National Payment Network
Nepal's Pioneer Bank Joins Nepal's Leading Interoperable QR Payment Network
Kathmandu, Nepal | April 24, 2026
Fonepay Payment Service Limited (Fonepay) today announced the formal onboarding of Himalayan Bank Limited (HBL) onto the Fonepay network. This partnership marks a significant milestone in Nepal's digital payment ecosystem, uniting the nation's most expansive payment infrastructure with its most celebrated pioneer in private commercial banking.
Established in 1993 as Nepal's reputed private sector bank, Himalayan Bank has long been synonymous with trust, innovation, and financial leadership and is widely recognized as a pioneer in introducing modern banking services. With a network spanning across Nepal and a loyal customer base built over three decades, HBL's integration into the Fonepay network is poised to accelerate digital payment adoption at scale—bringing seamless QR-based transactions to millions of Himalayan Bank account holders nationwide.
“Welcoming Himalayan Bank to the Fonepay network is a defining moment for Nepal's digital payment journey. HBL's deep-rooted trust with Nepali customers, combined with Fonepay's reach across two million merchant touchpoints, will accelerate our collective move toward a truly cashless Nepal. As the pioneer private bank of the nation, HBL brings unparalleled credibility and reach. Together, we will make digital payments accessible to every Nepali, in every corner of the country.”
— Diwas Kumar, CEO, Fonepay
“As Nepal’s one of premier private sector commercial banks, we have always led from the front in shaping the financial future of this country. Joining the Fonepay network is a natural extension of that legacy. Our customers can now enjoy the full benefits of interoperable digital payments — fast, secure, and accepted everywhere Fonepay is.”
— Ashoke SJB Rana, CEO, Himalayan Bank Limited.
The partnership is currently in the technical integration phase. HBL customers will be able to transact seamlessly across the Fonepay network upon successful completion of the integration process.
This onboarding reflects Fonepay’s continued commitment to building an inclusive, interoperable, and nationally integrated digital payments landscape in Nepal. With Himalayan Bank now part of the network, Fonepay strengthens its position as the connective infrastructure of Nepal’s digital economy — trusted by banks, chosen by merchants, and used by millions of users.
About Fonepay
Fonepay Payment Service Limited is Nepal’s leading Payment System Operator (PSO) licensed by Nepal Rastra Bank. A flagship venture of F1Soft Group, Fonepay operates the country’s foremost QR-based payment infrastructure, connecting banking and financial institutions, digital wallets, merchants, and consumers under a single, unified network. Fonepay currently commands a 96% market share in P2M QR transactions and processes more than 2 million transactions, valuing more than NPR 20 billion in daily transactions. Fonepay’s cross-border payment partnerships span India (UPI via NPCI International), Union Pay International, China, and global networks via Alipay+.
Fonepay is in the process of going public via Initial Public Offering (IPO), which was approved by the Company’s AGM in December 2025. The IPO is scheduled to be concluded within 2026.
About Himalayan Bank Limited
Established in 1993, Himalayan Bank Limited is Nepal's leading private sector commercial bank promoted by Nepalese citizens. With over three decades of banking excellence, HBL has been at the forefront of financial innovation, product leadership, and customer trust in Nepal. Headquartered in Kathmandu, HBL serves customers across the country through an extensive branch and ATM network.
