Fonepay is a digital payment processor that connects consumers, banks and merchants in an interoperable network to facilitate mobile/digital payments. Fonepay comes integrated with an issuer bank’s mobile/internet banking systems which implies that all transactions are originated from existing banks accounts and are secured by these banking channels. It enables a host of transactions including in-store merchant payments, online payments and P2P fund transfers. On the other hand, becoming a merchant on the Fonepay network means that 5 million customers from 50+ banks can pay you digitally and directly from their bank accounts.
The Fonepay Network is owned and operated by F1Soft
International Pvt. Ltd, Nepal’s largest and leading Fintech company.