Fonepay and NIPL launches Cross Border QR Payment between Nepal and India

Kathmandu: Fonepay Payment Service Ltd and NPCI International Payments Ltd (NIPL), the international arm of the of the National Payment Corporation of India, is now ready to launch the first Cross Border QR Payment between Nepal and India.

This historic unveiling took place at the Global Fintech Fest 2023, a global gathering of fintech visionaries, thought leaders and innovators.

This collaboration between Fonepay and NIPL will empower millions of citizens of both nations, to securely and conveniently make instant payments through QR code across various stores by using the mobile application certified by Fonepay and NPCI.

Both companies have now completed operational preparations and technological integration is in final process after which the companies can offer the service to their issuing and acquiring members and enable their consumers and merchants to enjoy the service.

The strategic partnership between the two companies will provide a considerable boost to the digital payments’ ecosystem in both countries and will prove to be a major steppingstone for wider reach in the international market.