Citizens Bank Launches revolutionary Fonepay Credit Card

Kathmandu : Fonepay, Nepal’s largest payment network, today announced that Citizens Bank, a leading commercial bank of Nepal, launched Fonepay Credit Card. Fonepay has revealed that the eagerly anticipated Fonepay Credit Card is now technically and operationally ready and Citizens Bank becomes the first bank to introduce it to its customers. The Virtual Credit card scheme is expected to redefine the payment card industry and customer experience. Fonepay Credit Card is a fully functional Digital Card and customers can avail a card and transact from their mobile banking application.

Fonepay Credit Card scheme is a fully functional digital card solution which empowers card holders with unparalleled convenience, flexibility, and control over their credit card functionality. This card scheme facilitates a wide array of digital transactions across the Fonepay network where customers can make QR payments, online or ecommerce payments, and leverage advanced features like seamless EMI conversion.

The Fonepay Credit Card empowers customers by providing seamless onboarding and delivery of the card within few seconds in their mobile banking apps. Customers can benefit from new and advanced features of Fonepay card enhancing their full control over card management, limit control, statement delivery etc. setting it apart from conventional payment cards.

“We are excited to introduce the Fonepay Credit Card Scheme as the latest addition to our suite of digital payment solutions,” said Diwas Kumar, CEO of Fonepay. Our mission has always been to prioritize customers and this new product embodies that commitment. With an aim of democratizing credit, we’re ensuring that credit access is within reach of all. For merchants, this means a boost in business and a cost-effective solution. Since this is a domestic scheme, we will also be saving millions for the economy as we lead the charge towards a more inclusive and prosperous financial future for all Nepalese.”

Kumar concluded, “Fonepay extends its gratitude and congratulations to Citizens Bank for placing their trust in our solution and for being the FIRST bank in Nepal to introduce Nepal’s own Virtual Card Scheme.”