Fonepay partners with CityPAY: A major step towards a cashless Nepal
Nepal is rapidly moving toward a cashless economy, with digital wallets and mobile banking becoming an integral part of everyday life. Yet, many users still struggle with fragmented systems—different wallets, separate QR codes, and limited interoperability between banks and merchants.
Enter Fonepay, Nepal’s leading payment system operator, which has been pioneering a seamless, secure, and inclusive digital payment network. With CityPAY as the 10th digital wallet to be integrated into its ecosystem, millions of users—especially those relying on remittances—can now make instant, secure, and convenient payments at over 1.7 million merchant outlets nationwide.
This partnership isn’t just about technology; it’s a step toward a more connected, user-friendly digital economy in Nepal, where people can pay, receive, and transact without barriers.
About CityPAY
CityPAY is an innovative digital wallet app in Nepal, providing a comprehensive suite of financial services for individuals and agents. CityPAY’s value proposition in Nepal is to make digital transactions simpler, faster, and more secure while also linking remittances with local digital commerce — an area where Nepal has high demand due to its large migrant worker population. The company is wholly owned subsidiary of City Express Money Transfer, Nepal’s leading remittance company, licensed by Nepal Rastra Bank (NRB), CityPAY ensures secure, reliable, and user-friendly digital transactions for a wide range of everyday needs. Redefining digital payments and remittance in Nepal, CityPAY makes everyday transactions-from bill payments to receiving money from abroad-faster, safer, and more convenient.
About Fonepay
Fonepay is a Payment System Operator facilitating inter-bank person-to-person (P2P) and person-to-merchant (P2M) transactions through its interoperable network and mobile platforms. Fonepay is regulated by Nepal Rastra Bank (NRB) and was the first mobile payment network to be licensed by NRB as Payment System Operator (PSO). Currently, the Fonepay network connects over 60 banks and financial institutions along with a growing number of wallet partners, providing millions of users with secure and instant digital transactions. By welcoming CityPAY, Fonepay reinforces its role as a pioneer in advancing financial inclusion and promoting cashless transactions across Nepal.
How this partnership benefits CityPAY Wallet Users
Nationwide QR Access: They can now scan and pay at Fonepay’s merchants across Nepal (e.g., stores, restaurants, hospitals, etc.).
Convenience: No need to juggle between wallets—just one app (CityPAY) works almost everywhere.
Security: Transactions remain safe and instant, backed by Fonepay’s regulated ecosystem.
How it benefits the Merchants
More Customers: Merchants now get access to CityPAY wallet users in addition to existing Fonepay users.
Seamless Payments: Just one interoperable QR code works for all wallets and banks.
Business Growth: Easier payments = higher chances of digital adoption by small and big businesses alike.
How it benefits the digital ecosystem
Digital Transformation of Payments: Nepal is rapidly moving from cash-based to cashless transactions. Partnerships like Fonepay + CityPAY push this change by making digital payments more accessible.
Financial Inclusion: Many Nepalese rely on remittances. Now, those users can spend digitally in Nepal—without needing to cash out first.
Interoperability = Convenience & Trust: Instead of fragmented wallets and separate QR codes, one interoperable system makes life simpler for users and merchants. It builds trust in digital payments, which is still a challenge in semi-urban and rural areas.
Economic Growth & Innovation: Digital payments make businesses more efficient and transparent. It encourages innovation (e.g., small merchants joining e-commerce, new fintech solutions). It reduces dependency on physical cash circulation.
Speaking on the occasion, Mr. Diwas Kumar, CEO of Fonepay, said:
“Welcoming cityPAY into our ecosystem is a landmark step in our journey. Every new integration makes the network stronger, more inclusive, and more valuable for the people of Nepal. Our mission is not only to connect wallets and banks but to empower every individual and business to experience the true convenience and trust of digital payments.”
Similarly, Mr. Binay Regmi, CEO of CityPAY, shared:
“This partnership is more than just about the technology- it's about empowering millions of remittance beneficiaries. Together, Fonepay and cityPAY will enable millions of users and merchants to transact effortlessly, securely and instantly. This integration is expected to ensure customers smooth, reliable and payment experience throughout the country.”
Why This Partnership Matters
The integration of CityPAY into the Fonepay marks a significant leap forward in Nepal’s journey toward a fully digital and cashless economy. By combining Fonepay’s extensive interoperable QR ecosystem with CityPAY’s innovative digital wallet and strong remittance foundation, this partnership is set to empower millions of users with greater convenience, security, and accessibility in their daily financial transactions. As collaboration continues to shape the future of fintech in Nepal, the addition of CityPAY highlights the shared vision of driving financial inclusion and building a stronger, more connected digital payment landscape for everyone.
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