Fonepay

Fonepay Payment Service Limited is a payment system operator licensed by Nepal Rastra Bank, the country’s central bank, and operates as a subsidiary of F1Soft Group. The company runs an interbank QR and mobile payment network, connecting banks and financial institutions so their customers can pay and transfer funds across a shared infrastructure.

Merchants and businesses integrate Fonepay’s checkout and QR acceptance tools to receive payments from any connected bank, while Fonepay Direct handles fund transfers and Fonepay Bills automates utility payment collection. Additional modules include FoneTAG contactless payment technology and virtual credit cards, giving partner banks and merchants a shared rail for everyday transactions.

1. Interbank QR network: Connects Nepal's banks and financial institutions on a shared QR payment rail.

2. Fonepay Direct: Enables fund transfers between accounts across connected banks.

3. Fonepay Bills: Automates utility and municipality bill collection for institutional partners.

4. Merchant checkout: Provides online and in-store checkout tools for businesses to accept digital payments.

5. FoneTAG: Offers contactless payment technology for point-of-sale acceptance.

6. Virtual credit cards: Issues virtual card products in partnership with connected banks.