6th May 2024, Kathmandu
Fonepay welcomes Moru Digital Wallet to its interoperable payment ecosystem
Fonepay, Nepal’s leading payment network, is pleased to announce the onboarding of Pay Nep Private Limited (Moru Digital Wallet) in Fonepay’s interoperable payment ecosystem enabling easy QR payment transactions.
Fonepay Interoperable Payment Network
The Chief Executive Officer of Fonepay, Diwas Sapkota, and Chief Executive Officer of Moru Digital Wallet, Shreesh Poudel signed the agreement in an event that was witnessed by representatives of Fonepay and Moru Digital Wallet and media personnel. With this integration, all Moru Digital Wallet users can seamlessly make affordable, convenient, and secure QR transactions throughout the Fonepay Network with nearly 1.4M merchants across Nepal.
Speaking on the announcement, Diwas Kumar Sapkota, the CEO of Fonepay said, “We are delighted to welcome Moru Digital Wallet into our growing payment ecosystem. This partnership aligns with our vision to provide a comprehensive digital payment experience to our users. By integrating Moru Digital Wallet, we offer our customers a wider range of payment options and foster a more inclusive financial ecosystem.”
Similarly expressing his delight over the integration, the CEO of Moru Digital Wallet, Shreesh Poudel said, “We are extremely happy to join hands with Fonepay and enable Moru Digital Wallet users with access to 1.4 million Fonepay Merchants throughout the country. More Digital Wallet users can also benefit from other Fonepay services with this partnership. We also look forward to making our customers’ digital journey smooth with our innovations and value-added services”
About Fonepay
Fonepay is the largest Payment System Operator in Nepal Licensed and regulated by the Central Bank of Nepal (Nepal Rastra Bank). A subsidiary of the F1Soft Group, Fonepay is an ISO 27001:2022 certified company. Fonepay has been making active efforts to contribute towards a cashless economy by enabling fast, secure, and reliable digital cashless payment services to bank and wallet customers as well as businesses. The company is focused on bringing innovations to the mobile payment network through the usage of technology to achieve greater efficiency in operations and widen the reach of payment systems.
About Moru Digital Wallet
Pay Nep Private Limited (Moru Digital Wallet), came into existence as the sixth Payment Service Provider of Nepal by receiving its operating License from Nepal Rastra Bank on Shrawan 15, 2076 B.S (August 1, 2019) to create a unified aggregated payment platform that brings exercisable financial power to the hands of all Nepali, despite any all cultural, regional and educational background.
More Digital Wallet sets to provide an easy-to-use digital wallet, for all people to exercise their financial power directly from their hands. An open-ended API-based integration system, for all BFIs and Payment Platforms, to eliminate the need for the users to physically visit any branch, to receive the banking facilities, and transact. An easy-to-integrate API-based aggregator, for all Merchants/ Merchant groups, to have a digital solution both for operations and transactions.
For more information: Fonepay Interoperable Payment Network
