Kumari Bank’s Virtual Credit Card, Nepal’s First, in Collaboration with Fonepay

26th October 2026, Kathmandu

Kumari Bank Limited has launched the Kumari Fonepay Virtual Credit Card, expanding digital financial services by enabling pre-approved credit access directly through mobile devices.

Kumari Bank’s Virtual Credit Card

Product Overview and Fonepay Integration

The digital credit solution eliminates the requirement for physical plastic cards by integrating credit facilities into existing QR payment infrastructure.

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• Nepal’s First Virtual Credit Card: Kumari Bank has introduced Nepal’s first fully virtual credit card solution, delivered in strategic partnership with Fonepay.
• App Integration: The virtual card operates natively inside the Kumari Smart Mobile Banking App, eliminating physical card issuance and handling.
• Payment Network Acceptance: Cardholders can execute instant digital transactions across all nationwide Fonepay QR merchant terminals.
• Target Market Expansion: The digital product aims to broaden formal credit access across diverse demographics, including previously underserved segments.

Card Features, Repayment Terms, and Billing Flexibility

The virtual credit platform provides customizable billing dates and flexible repayment structures to suit individual cash flow requirements.

• Flexible Repayment Structures: Cardholders can opt to clear either a minimum monthly threshold of 10 percent of total spending or settle 100 percent of the outstanding balance.
• Custom Billing Cycles: Users can select custom monthly billing dates to align statement generation with personal financial schedules.
• Repayment Execution: Auto-debit and manual settlements are linked directly to the primary bank account designated during setup.
• Applicable Charges and Fees: Interest rates, penalties for delayed payments, and processing fees are governed by the bank’s Standard Tariff Charges (STC).

Application Process and Eligibility Documentation

Eligible account holders can complete the digital onboarding workflow directly through the mobile application.

• In-App Eligibility Check: Eligible users receive a “Virtual Credit Card” banner upon logging into the Kumari Smart Mobile Banking App.
• Application Steps: Users tap the banner, adjust the requested credit limit within approved caps, select repayment percentages, pick billing dates, and verify details via PIN or biometrics.
• Branch Assistance: Non-eligible app users are advised to contact nearby Kumari Bank branches for manual evaluation and profile updates.
• Documentation Requirements: Applicants must maintain a fully verified Know Your Customer (KYC) profile along with standard income proof, including salary certificates and bank account statements.
• Customer Support Contact: Inquiries can be directed to the bank’s digital payment division via email at [email protected] or phone at 01-5970499 and 9851078888.

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