26 September 2024, Kathmandu
Hamrobazaar, Nepal’s largest online marketplace, has launched a new Buy Now, Pay Later (BNPL) feature in collaboration with Foneloan, the country’s leading digital lending platform.
Hamrobazaar Partners Foneloan Launch
This innovative feature, HamroBNPL, is designed to make shopping more convenient and affordable for users, enabling them to purchase products and pay through equal monthly installments (EMI) with no immediate full payment required.
HamroBNPL – Transforming Shopping for Nepali Consumers
The HamroBNPL feature allows eligible Foneloan users to buy products on foneloan.hamrobazaar.com and pay in easy monthly installments. This service is available through the Mobile Banking apps of Foneloan’s partner banks:
- Kumari Bank Ltd.
- Nepal Investment Mega Bank Ltd.
- Laxmi Sunrise Bank Ltd.
- Agricultural Development Bank Ltd.
With the HamroBNPL feature, users can access over 250 products listed on Hamrobazaar and pay via Interest-Free EMI for up to 6 months or through Standard EMI plans that range from 9 to 12 months, with zero down payment. This offers shoppers a budget-friendly way to enjoy online shopping without the stress of paying in full upfront.
How HamroBNPL Works
- Users select their desired product from the HamroBNPL section on Hamrobazaar.com.
- They log in to their Mobile Banking app, scan the QR code displayed on the product page, and follow the steps to complete the purchase.
- Customers enjoy the flexibility of spreading their payments over time.
Sagar Sharma, CEO of Foneloan, Highlights the Partnership
In celebration of this launch, Sagar Sharma, CEO of Foneloan, shared his enthusiasm:
“HamroBNPL is more than just a payment option—it’s a game-changer for the way Nepali consumers interact with e-commerce. By collaborating with Hamrobazaar, we’re offering our users the financial flexibility they need to make meaningful purchases without the pressure of immediate full payment. This initiative is part of our broader mission to make finance accessible and inclusive for individuals and businesses through technological innovations.”
About Foneloan
Foneloan is Nepal’s premier digital lending platform, offering instant, collateral-free loans to customers in partnership with top banks. With a commitment to providing convenient financial solutions, Foneloan empowers both users and financial institutions through technology-driven services.
About Hamrobazaar
Established as Nepal’s largest online marketplace, Hamrobazaar offers a wide range of products across multiple categories. Known for its trusted platform and exceptional shopping experience, Hamrobazaar continues to innovate and provide value to its customers.
Conclusion
The partnership between Hamrobazaar and Foneloan brings an exciting new opportunity for shoppers in Nepal. By introducing the HamroBNPL feature, consumers can now enjoy a seamless and flexible shopping experience. Whether it’s Interest-Free EMI or Standard EMI, this collaboration promises to transform the way Nepali consumers shop online.
For more: Hamrobazaar Partners Foneloan Launch