Fonepay Integrated into Khalti, a New Fin-Tech Milestone

FonePay is finally integrated into Khalti. With this, the Khalti users will be able to use FonePay’s QR scan payment to pay for their purchases.

Nepal’s leading Payment Service Provider Khalti and the Payment Service Processor FonePay has agreed on a partnership to facilitate digital payment.

On 31st January, FonePay’s CEO Diwas Sapkota, and Khalti’s CEO Binay Khadka signed the agreement papers.

With this agreement, Khaltihas become a new member of FonePay’s network. Following their collaboration, Khlati users will be able to utilize FonePay’s Scan & Pay feature to pay for their services.

Ever since the appointment of Khalti’s new CEO Binay Khadka, the PSP has desired to diversify its payment options. This joint partnership with FonePay is a new milestone in Nepal’s Fin-Tech industry.

Related: Nepal’s Elite PSPs eSewa, and Khalti Celebrate Anniversary

The partnership to aid digital ecosystem

At the agreement ceremony, FonePay’s CEO Sapkota spoke of his delight at this benchmark partnership. He said, “Recently, Khalti has accelerated digital payment in Nepal and we are proud to have joined hands with it. Both of our companies’ goal is to facilitate online payment. Our partnership will reinforce Nepal’s quest for a cashless economy.

Meanwhile, Khalti CEO Khadka shared his own enthusiasm. He said, “The cooperation will not only be useful for FonePay but also benefit over 20 lakh Khalti users directly and more others indirectly. This partnership will make our ecosystem more trustworthy and stronger for future goals. Our objective is common, that is to transform Nepal digital and we are in that direction.”

Check out: Top 5 Digital Payment Apps in Nepal

FonePay and Khalti partnership, the Fin-Tech milestone Nepal needed

Khalti is Nepal’s second-largest PSP with over 20 lakh active users. It allows users to pay for their utility bills, book flights, and reserve bus and cinema tickets. Users can also pay for government services, among many other payment facilities.

Meanwhile, FonePay is a leading payment processor with over 5 lakh merchants, with all major banks n its network. But gets more encouraging that there are over 15 million users exploiting FonePay’s QR scan through mobile banking.

FonePay is a part of the F1 Soft. In just two years of service, it has amassed a network of 60 banks and financial institutions. For security assurance, it is PCI/DSS compliant.

Also read: WorldLink Invests in Khalti To Take Financial Services To Rural Areas

The agreement between these two leading entities will benefit millions of Nepali customers for their payment on the go. So, it is a benchmark agreement that will create a stamp on the Nepali Fin-Tech sector and consumerism.

How do you see Nepal’s Fin-Tech heading as Fonepay is integrated into Khalti? Will it be a new revolution in Nepal’s digital payment ecosystem? Do level your opinions below in the comments.