financial inclusion
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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Enhancing Cross-Border Digital Payments: Nepal and India Sign Agreement for Seamless Transactions
The agreement between Nepal Clearing House Limited (NCHL) and the National Payments Corporation of India (NPCI) to enable digital payments between the two countries is a significant development that has the potential to ease cross-border transactions and boost tourism and trade. The agreement allows authorized digital payment apps from both Nepal and India to operate […]
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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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Nepal Rastra Bank Paves Path for Digital Wallet Mergers
Nepal Rastra Bank (NRB) has amended the Payment and Settlement Bylaw, 2077 to allow digital wallets to merge. The amendment was made in order to promote consolidation and rationalization of the digital payment industry in Nepal. Under the new amendment, organizations that have received a license to perform payment activities can merge or acquire each […]
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