Last Updated on February 2, 2025
Fonepay has introduced an on-request withdraw facility for its Fonepay business app users. The service is available for free and aims to help businesses with easy finance management.
The facility allows users to withdraw amount any time to their bank accounts. It benefits millions of Fonepay merchants across the country. Compared to regular users, business owners tend to perform more transactions, and the withdrawal service reinforces their user experience.
Fonepay says that its purpose behind launching this new customer-friendly service is to give businesses full control over their cash mobilization. This lets merchants pay off their suppliers, provide salaries to their employees, and make spending on sudden requirements.
Main features
- Instant Withdraw: Business owners can withdraw cash into their bank account at the time of their liking. The service makes financial features easier, convenient, and effective for customers.
- Automated Service: Even if the business owner doesn’t withdraw cash on-request instantly, the cash is withdrawn at the pre-determined time into the bank account. This means businesses will have more freedom and flexibility with their cash flow and run the service with transparency.
- Free of Cost: The on-request withdraw facility is free of cost. So, it reduces extra costs for merchants and eases their financial operations.
Also, check out digital payment limit in mobile banking, digital wallets in Nepal
How to use On-Request Withdraw on Fonepay Business app?
Well, you already know that the on-request withdraw facility is available on Fonepay Business app. Here are the steps to execute this feature:
- Open Fonepay business app
- Log in using your registered account
- Tap on the profile logo
- See for other options
- Go to settlement settings
- Choose “Request Withdrawal”
- Activate the feature
- Follow the instructions and activate the On-Request Withdraw facility for your account
- Now, you can withdraw cash into your bank account from anywhere anytime
Fonepay expects that its instant withdrawals facility makes business operation more flexible and thus allows business owners to make their decisions faster and more effective.
