Fonepay and LankaPay sign MOU for cross-border interoperable payment system

Kathmandu: Fonepay has signed a Memorandum of Understanding (MoU) with Sri Lanka’s National
Payment Network: LankaPay, to collaborate on the strategic partnership to revolutionize the
digital payment landscape by developing an interoperable digital payment system that
enables users to transact seamlessly across the two countries.

The MOU was signed by Diwas Kumar Sapkota, the CEO of Fonepay and Channa de Silva, the CEO of LankaPay in the presence of Chief Guest, B. Nilusha Dilmini, Charge d’Affaires, a.i. & Head of the Chancery, Sri Lanka Embassy in Kathmandu, Daniel D. Shrestha, Director of Group Strategy, F1Soft Group and Biswas Dhakal, Chairperson, Fonepay and President, F1soft Group.

The impact of this collaboration would be, in simple terms, Sri Lankan Citizens, while
traveling to Nepal, can make instant payments by QR to the various merchants of Fonepay
Network, by using the mobile application authorized by LankaPay.

And Nepali Citizens traveling to Sri Lanka can do the same by using Fonepay authorized payment applications.

All travelers, who are initially the users of either of the network’s applications, can make the cross-border payments across merchants of these two networks in an affordable and
convenient manner.