Cross-border transactions
Cross-Border Digital Payment Milestone: Indians Can Now Pay in Nepal via Mobile Phones
Since March 1, a groundbreaking shift has occurred in cross-border digital payments between Nepal and India, allowing Indians to seamlessly conduct transactions using their mobile phones. This milestone marks a significant advancement in the realm of digital finance, fostering greater connectivity and convenience for individuals transacting across borders. In a strategic partnership, Fonepay Payment Service […]
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Cross-Border Digital Payment Milestone: Indians Can Now Pay in Nepal via Mobile Phones
Since March 1, a groundbreaking shift has occurred in cross-border digital payments between Nepal and India, allowing Indians to seamlessly conduct transactions using their mobile phones. This milestone marks a significant advancement in the realm of digital finance, fostering greater connectivity and convenience for individuals transacting across borders. In a strategic partnership, Fonepay Payment Service […]
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Nepal Rastra Bank Proposes QR Code Payment Limits for Indian Transactions
A recent proposal by Nepal’s central bank suggests imposing limits on payments made via Quick Response (QR) codes for Nepali nationals in India, aiming to enhance financial transparency and security. The panel suggests capping monthly QR code payments at IRs 100,000 (Rs160,000), except for transactions at specific locations like hotels, hospitals, and medicine shops, where […]
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Fonepay IPO Announcement & Partnership with LankaPay for Interoperable Digital Payments System
Fonepay, Nepal’s leading digital payment solutions provider, has signed a Memorandum of Understanding with LankaPay, Sri Lanka’s national payment network, to develop an interoperable digital payment system, while also announcing plans for an initial public offering (IPO). This strategic collaboration aims to revolutionize the digital payment landscape and enable seamless cross-border transactions between Nepal and […]
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