Fonepay Unveils Nepal’s First Virtual Credit Card: A Leap Toward a Cashless Future
Kathmandu – Imagine carrying a credit card that doesn’t fit in your wallet but lives entirely inside your phone. That’s exactly what Fonepay has introduced to Nepal with the launch of its Virtual Credit Card, the first of its kind in the country.
More than just a new product, the Fonepay Credit Card is being hailed as a game-changer in Nepal’s financial landscape. The innovation allows users to make credit payments instantly through their mobile banking apps, no plastic card, no paperwork, and no waiting in long queues.
A Network That Already Exists
Fonepay isn’t building from scratch. With 1.7 million merchants already accepting Fonepay QR codes, from roadside tea stalls to big retail chains, the new credit feature slips neatly into Nepal’s existing digital payment ecosystem. All it takes is a scan, and the payment is done.
Who’s on Board?
For now, seven banks are offering the service: Citizens Bank International, Laxmi Sunrise Bank, Everest Bank, Kumari Bank, Shine Resunga Bank, Mahalaxmi Bikas Bank, and Garima Bikas Bank. More are expected to join as the demand grows.
Why Users Will Love It
The virtual credit card isn’t just about convenience; it comes with features designed for today’s fast-moving consumers:
- Completely Cardless – All-digital, secured within your smartphone
- Instant Activation – Get started in minutes, directly from your banking app
- Nationwide Coverage – Works with every Fonepay Business QR across Nepal
- Flexible Repayments – Choose between minimum payments or full settlement
- Smart Finance Tools – Real-time expense tracking and budgeting support
- Enhanced Security – PIN verification, bank-grade encryption, and instant alerts
Cashback Sweetener
To make the launch more exciting, new users can grab a 50% cashback offer up to NPR 500, valid from Bhadra 11, 2082 for a limited time. The offer applies exclusively to payments made through the new virtual card.
Beyond Technology: A Shift in Mindset
The Fonepay Credit Card isn’t just about digitizing credit, it’s about reshaping how Nepalis think about money. It takes financial access out of wallets and bank counters and puts it directly into people’s hands, whether they live in bustling cities or remote villages.
Financial analysts believe this step will push Nepal further along its journey toward a cashless, digitally empowered economy, with benefits stretching from individual consumers to small businesses and the larger banking ecosystem.
For anyone curious, the application process is quick, fully digital, and slightly different depending on the partner bank. Detailed instructions are available on mobile banking apps or at bank branches.
With this launch, Fonepay has once again proven its knack for leading Nepal’s digital finance revolution, turning bold ideas into everyday solutions.
