Kumari Bank Announces 50% Cashback Offer on Fonepay Credit Card Transactions

19th October 2025, Kathmandu

Kumari Bank Limited has rolled out an exciting, limited-time offer for its customers, perfectly timed to make the festive season more rewarding and convenient.

KBL Announces 50% Cashback

By embracing the power of digital finance, new applicants of the Kumari Fonepay Virtual Credit Card can enjoy a generous 50% instant cashback on their first few transactions made via Fonepay QR. This groundbreaking virtual credit solution is part of the bank’s strategy to promote a cashless, smart banking experience across the nation.

Unlock 50% Cashback: Offer Details and Benefits

The 50% cashback offer is an exceptional incentive designed specifically for new users of the Kumari Fonepay Virtual Credit Card to experience the ease of QR-based credit payments. This promotion is an excellent opportunity for customers to enjoy substantial savings while utilizing a modern, secure, and hassle-free financial tool.

Key Offer Highlights:
Cashback Rate: Users are eligible for 50% instant cashback on their transactions.

Maximum Limit: The maximum total cashback a single user can receive under this campaign is typically capped at NPR 500. This limit is on a cumulative basis. For instance, if you receive NPR 100 cashback on your first transaction, you still have NPR 400 remaining balance to earn cashback on subsequent transactions until the maximum cap is reached.

Applicable Transactions: The cashback is exclusively available for transactions made using the Fonepay Virtual Credit Card through a Fonepay Business QR code.

Eligibility: This is an exclusive, limited-time offer for new users of the Fonepay Virtual Credit Card from Kumari Bank.

Offer Validity: The offer is valid for a limited duration only, and interested customers are strongly advised to apply and utilize the card quickly to take advantage of the promotional period. While the specific start date mentioned in related materials is from Bhadra 11, 2082 (approx. August 2025), its continuation is for a limited period and subject to the bank’s discretion.

It is always prudent for prospective applicants to review the latest, detailed terms and conditions, including any specific expiry date, on the KumariSmart mobile banking app before applying, as the bank reserves the right to change or withdraw the offer without prior notice.

The Digital Revolution: Introducing the Kumari Fonepay Virtual Credit Card

The Kumari Fonepay Virtual Credit Card represents a significant leap in Nepal’s digital financial ecosystem. It is the nation’s first fully virtual credit card, launched in collaboration with Fonepay to democratize credit access and simplify payments. This card eliminates the need for a physical plastic card, residing securely and conveniently within the KumariSmart Mobile Banking App.

Core Features and Benefits:
100% Virtual and Instant: The card is digital-only, meaning no physical card is required. Eligible users can get their card instantly activated within seconds directly through the KumariSmart app, bypassing lengthy paperwork and waiting periods.

Nationwide QR Acceptance: It is seamlessly integrated with the Fonepay network, allowing users to Scan and Pay at over 1.7 million Fonepay Business QR merchants across Nepal, from large retailers to local vendors.

Interest-Free Period: Users can enjoy a credit period of up to 45 days without interest (conditions apply), offering flexible and smart money management.

Flexible Repayments: Customers have the freedom to choose their repayment method, opting for either a 10% minimum payment or a 100% full payment of their monthly dues. They can also select a preferred billing date.

Enhanced Security: All transactions are secured with bank-grade encryption and PIN/biometric protection, reducing the risk associated with carrying a physical card.

Real-Time Management: The card provides real-time tracking of expenses and credit limits directly within the mobile banking application, helping users stay on top of their budgets.

This service is a crucial step towards financial inclusion, offering a powerful, accessible, and ecofriendly credit solution tailored for the modern Nepali consumer.

How to Apply for Your Virtual Credit Card via KumariSmart App

The application process for the Kumari Fonepay Virtual Credit Card is completely digital and can be completed through the KumariSmart Mobile Banking App in a few simple steps. This digital application process is a testament to Kumari Bank’s commitment to delivering efficient and paperless banking services.

Step-by-Step Application Guide:
Log In: Open and log in to your KumariSmart Mobile Banking App.

Check Eligibility: Look for the “Virtual Credit Card” or “Fonepay Credit Card” banner or icon on the home screen/dashboard. This banner is generally visible only to customers who are pre-approved or deemed eligible based on the bank’s internal criteria (which often includes having a stable income source or payroll account).

Start Application: Tap the banner and swipe up or follow the prompts to begin the application process.

Set Limit and Terms: Set your desired credit limit (subject to bank approval) and thoroughly review and accept the detailed terms and conditions for the virtual card service.

Select Preferences: Choose your preferred repayment option (10% minimum or 100% full payment) and select your monthly billing date and primary account for repayment.

Final Confirmation: Review all the details one last time and enter your transaction PIN or use biometric authentication for the final confirmation.

Instant Activation: Upon successful confirmation, your Kumari Fonepay Virtual Credit Card will be activated instantly and ready to use for QR payments across the Fonepay network.

If the banner is not visible in your app, it is recommended to contact your nearest Kumari Bank branch or their e-payments support team for further assistance and to inquire about your eligibility, as certain documents like a salary certificate or bank statement may be required based on bank policy.

This festive season, Kumari Bank is making digital payments not just easier, but also highly rewarding. The combination of instant credit access, nationwide QR compatibility, and a substantial 50% cashback makes the Kumari Fonepay Virtual Credit Card a must-have for customers looking to maximize their shopping and spending convenience.

For More: KBL Announces 50% Cashback