29th June 2025, Kathmandu
Mahalaxmi Bikas Bank, a leading development bank in Nepal known for its commitment to digital innovation, has introduced a fully digital virtual credit card service in partnership with Fonepay. This move aligns with the bank’s mission to provide its customers with advanced, secure, and user-friendly digital banking solutions.
Mahalaxmi Bank Fonepay Virtual Credit
Through this new service, customers can access the Mahalaxmi Fonepay Credit Card within the bank’s mobile banking application, Mahalaxmi Smart Saathi, and make payments easily and securely from any location. Payments can be made via Fonepay QR merchants or online shopping platforms, offering seamless transaction experiences without the need for a physical credit card.
The virtual credit card includes all the benefits of the physical credit card, such as a 45-day interest-free period and flexible installment plans. By removing the dependency on physical cards, this service eliminates the inconvenience and risks associated with carrying a physical card, making digital payments safer and more practical for customers.
To encourage adoption, Mahalaxmi Bikas Bank has launched a special cashback offer of up to NPR 500 for customers who use the virtual credit card, adding value and incentives for digital transactions.
As one of the foremost development banks leading digital banking innovation in Nepal, Mahalaxmi Bikas Bank becomes the first development bank to roll out a fully digital virtual credit card service. This initiative strengthens the bank’s position as a pioneer in delivering technology-driven financial services and customer-centric digital banking solutions.
The bank believes that by expanding its digital offerings, including this virtual credit card service, it will provide a more customer-friendly, secure, and technology-focused banking experience. Furthermore, Mahalaxmi Bikas Bank has expressed its ongoing commitment to continually improving and upgrading its mobile banking application to meet evolving customer needs and embrace emerging digital technologies.
This launch reflects the bank’s vision to promote digital financial inclusion in Nepal by making banking easier, safer, and more accessible for all customers across the country.
About Mahalaxmi
Mahalaxmi Bikas Bank is a leading development bank in Nepal. It focuses on providing secure and customer-friendly banking services. The bank aims to promote financial inclusion and support economic growth. It offers various products like retail and corporate banking, loans, and investment services.
Mahalaxmi Bikas Bank offers flexible loans and competitive interest rates. It supports safe online transactions and QR code payments. The bank operates 24/7 mobile banking to meet customer needs.
With a strong digital focus, the bank helps individuals and businesses access financial services. Its vision is to drive Nepal’s digital financial inclusion and contribute to sustainable development.
For more:- Mahalaxmi Bank Fonepay Virtual Credit