Siddhartha Bank Virtual Credit Card Launch: Everything You Need to Know About Nepal’s New Digital Credit Solution
7th December 2025, Kathmandu
The landscape of digital finance in Nepal has been revolutionized with the official Siddhartha Bank Virtual Credit Card Launch.
In partnership with Fonepay Payment Service Limited, Siddhartha Bank Limited (SBL) has unveiled the fully digital “Siddhartha Fonepay Virtual Credit Card,” marking a major leap forward in providing accessible and secure credit to its customers.
Siddhartha Bank Virtual Credit Card Launch
The card was officially launched during the second edition of the Siddhartha Bank Nepal Premier League (SBLNPL) on December 4, 2025.
This card is set to transform how digitally active customers manage their finances, eliminating the dependency on physical cards and bringing credit access directly to their smartphones.
Instant Access and Unmatched Convenience
The primary goal of the Siddhartha Bank Virtual Credit Card Launch is to provide instant and unparalleled convenience. This virtual credit card empowers users to transact seamlessly across Nepal:
Widespread QR Acceptance: Users can make fast, secure, and contactless payments at over 1.8 million Fonepay QR merchants nationwide.
100% Digital Experience: There is no need for a physical card. The entire process from application to activation is completed digitally.
Instant Activation: Eligible customers can apply for and receive the card instantly through the BankSmartXP mobile banking application, offering immediate credit access.
Security and Control at Your Fingertips
A core focus of the Siddhartha Bank Virtual Credit Card is enhanced security and user control. Through the BankSmartXP app, customers gain access to a suite of management tools:
Instant Control: Manage your credit limit, lock or unlock your card, check statements, and make payments, all in real-time.
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High Security: Designed to offer high security, the virtual format reduces the risk associated with lost or stolen physical cards, providing instant control over the account status.
Limited-Time Launch Offer: Get 50% Cashback
To celebrate the Siddhartha Bank Virtual Credit Card Launch, the bank is offering an exciting introductory cashback scheme:
50% Cashback: Customers will receive a 50% cashback on every transaction made using the virtual credit card.
Max Benefit: The total cashback is capped at Rs. 750, which is designed to effectively cover the card’s membership fee.
Offer Period: This special promotion is valid for a limited period, starting on December 7, 2025, and ending on January 7, 2026.
This exclusive offer provides a great incentive for customers to experience the benefits of this innovative digital payment solution and essentially get their membership fees adjusted.
Conclusion: The Future of Credit is Here
The Siddhartha Bank Virtual Credit Card Launch is a pivotal moment in Nepal’s journey toward a cash-lite economy.
By combining the power of Fonepay’s vast QR network with Siddhartha Bank’s commitment to digital innovation, this product sets a new standard for convenient, secure, and accessible credit.
Apply today via the BankSmartXP app and step into the future of digital finance.
