7th May 2024, Kathmandu
Siddhartha Bank has inked a significant agreement with Fonepay, paving the way for cross-border transactions.
This collaboration aims to empower merchants in Nepal by enabling them to accept QR payments from Indian citizens utilizing Unified Payments Interface (UPI) enabled applications.
Siddhartha Bank Partners Fonepay
This innovative solution is poised to revolutionize the landscape of financial transactions, opening up new avenues for seamless cross-border payments.
Through this partnership, Siddhartha Bank’s merchants can now tap into the vast Indian market, leveraging the widespread usage of UPI-enabled apps among Indian consumers.
By bridging the gap between Nepal and India’s digital payment ecosystems, Siddhartha Bank and Fonepay are ushering in a new era of convenience and accessibility for merchants and consumers alike.
This initiative aligns with the bank’s commitment to fostering digital innovation and enhancing financial inclusivity across borders.
The collaboration between Siddhartha Bank and Fonepay marks a significant milestone in the journey towards a more interconnected and digitally-driven financial landscape in South Asia.
It reflects the ongoing efforts to leverage technology to overcome traditional barriers and drive economic growth and prosperity in the region.
For more details: Siddhartha Bank Partners Fonepay