Fonepay Honors 25 Partners at Inaugural Digital Payments Awards

Fonepay Payment Service Limited has honoured 25 banks, businesses and technology partners for their contributions to Nepal’s digital payments ecosystem at its inaugural Fonepay Honors 2083.

The event was held at The Soaltee in Kathmandu on October 9, the event brought together more than 400 participants, including banking executives, regulators, fintech companies and industry leaders. Former Finance Minister Rameshwor Khanal attended as the chief guest.

The awards covered seven categories, including QR payments, direct payments, bill payments, cross-border transactions, credit cards, merchant acceptance and special recognition.

Global IME Bank received recognition for the highest Fonepay QR volume among commercial banks on the issuer side, while NIC Asia Bank won in the acquirer category. Muktinath Bikas Bank, Manjushree Finance and eSewa also received multiple honours across their respective categories.

During the event, Fonepay introduced four new products: Autopay for recurring payments, Fonepay Circle for splitting shared expenses, Talk to Pay for voice-enabled transactions, and FoneBiz, a business platform offering payment tracking, salary and vendor payments, reports and loan applications.

Fonepay CEO Diwas Kumar said continued collaboration and innovation would be essential to the growth of Nepal’s digital payments sector. The company plans to make Fonepay Honors an annual event recognising contributions to the country’s digital financial ecosystem.