Kumari Bank Introduces Kumari Fonepay Virtual Credit Card with 45 Days Interest-Free Credit for Smart Digital Spending

29th December 2025, Kathmandu

In a pioneering move that redefines the digital landscape of Nepal, Kumari Bank Limited has launched the Kumari Fonepay Virtual Credit Card. This product stands as the country’s first fully virtual credit card, developed in strategic partnership with Fonepay, Nepal’s largest payment network.

KBL’s Virtual Credit Card

Designed to meet the needs of the modern, tech-savvy consumer, the virtual card eliminates the need for physical plastic and integrates seamlessly into the digital lifestyle. By offering up to 45 days of interest-free credit and a streamlined application process, Kumari Bank is positioning itself at the forefront of the cashless revolution, making credit more accessible, secure, and flexible than ever before.

UNDERSTANDING THE CONCEPT OF A VIRTUAL CREDIT CARD

The Kumari Fonepay Virtual Credit Card is a completely digital financial instrument that exists solely within the Kumari Smart Mobile Banking App. Unlike traditional credit cards, there is no physical card to carry, lose, or have stolen. Instead, the card details are stored securely in the app, allowing users to make real-time payments at any Fonepay QR-enabled merchant across Nepal. This innovation simplifies the transaction process, as users only need their smartphones to access their credit limits. The card is activated almost instantly upon approval, providing immediate purchasing power to the user.

KEY BENEFITS: INTEREST FREE CREDIT AND FLEXIBLE REPAYMENT

The primary attraction of the Kumari Fonepay Virtual Credit Card is the 45-day interest-free period. This allows customers to manage their monthly expenses with greater freedom, as they can make purchases today and pay for them more than a month later without incurring any interest charges. Furthermore, the card offers highly flexible repayment structures. Users have the choice to either settle their full outstanding balance at the end of the billing cycle or pay a minimum of 10 percent of the total amount spent. This flexibility is crucial for managing personal cash flow and handling unexpected expenses without immediate financial strain.

ENHANCED SECURITY AND FINANCIAL INCLUSION

Security is a major advantage of the virtual format. Since the card is digital, the risks of cloning, physical theft, or losing the card in public spaces are entirely eliminated. All transactions are protected by the multi-factor authentication systems inherent in the Kumari Smart App, including biometric verification and transaction PINs. Beyond security, this product is a significant driver of financial inclusion. By providing a mobile-first credit solution, Kumari Bank is reaching out to underserved populations and the younger generation who prefer digital interactions over traditional branch-based banking, thereby expanding the reach of formal credit in Nepal.

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STEP BY STEP DIGITAL APPLICATION PROCESS

The application process for the Kumari Fonepay Virtual Credit Card is designed to be as frictionless as possible. Eligible customers will see a “Virtual Credit Card” banner directly on the home screen of their Kumari Smart App. Upon clicking the banner, users can initiate their application by setting a preferred credit limit and choosing their desired billing date. The system then prompts the user to review the terms, select a primary repayment account, and confirm the request. Once the bank’s internal assessment is complete, the card is activated and becomes visible in the app, ready for immediate use at thousands of merchant locations.

ELIGIBILITY AND DOCUMENTATION REQUIREMENTS

To qualify for this innovative credit product, applicants must hold a KYC-verified account with Kumari Bank. The primary eligibility criteria typically involve a steady income stream, which is verified through a salary certificate and recent bank statements. While the application is handled digitally, the bank performs a standard credit assessment to determine the appropriate credit limit for each user. Customers who meet these criteria but do not see the invitation banner in their app are encouraged to visit their nearest Kumari Bank branch to update their records and check their eligibility status.

DRIVING THE CASHLESS MOVEMENT IN NEPAL

The collaboration between Kumari Bank and Fonepay is a strategic effort to support the government’s vision of a “Digital Nepal.” By leveraging the massive network of Fonepay QR codes, the virtual credit card can be used at grocery stores, restaurants, hospitals, and retail outlets nationwide. This widespread acceptance ensures that the card is not just a niche product but a practical tool for everyday spending. As more consumers transition to digital credit, the reliance on physical cash decreases, leading to a more transparent, efficient, and modern national economy.

CONCLUSION: A SMART TOOL FOR MODERN CONSUMERS

In conclusion, the launch of the Kumari Fonepay Virtual Credit Card marks a turning point in how credit is perceived and used in Nepal. With its 45-day interest-free period, robust security features, and the convenience of being 100 percent digital, it offers a smart and stress-free shopping experience. Kumari Bank has successfully combined the utility of traditional credit with the speed of mobile technology, providing a product that is perfectly tailored for the digital age. This initiative not only benefits individual users but also reinforces Kumari Bank’s leadership in financial innovation and community empowerment.

For More: KBL’s Virtual Credit Card