Fonepay and Social Security Fund Partner to Revolutionize SSF Contributions

29th July 2025, Kathmandu

In a groundbreaking collaboration aimed at bolstering the financial security of Nepali migrant workers, Fonepay, Nepal’s foremost digital payment network, has announced a strategic partnership with the Social Security Fund (SSF). This innovative alliance will enable Nepali migrant workers to conveniently contribute to Nepal’s social security system directly through the Fonepay Bills platform, accessible via their familiar mobile banking applications. This initiative marks a significant leap towards simplifying the contribution process, making it more accessible, secure, and user-friendly for the millions of Nepalis working abroad.

SSF Partners With Fonepay

The agreement is set to redefine how Nepali workers living overseas engage with their national social protection system. By leveraging the widespread adoption of mobile banking and Fonepay’s extensive network, this partnership ensures that geographical distance is no longer a barrier to securing long-term financial stability. It not only streamlines a vital process but also strengthens the crucial connection between Nepal’s global workforce and its domestic social protection framework.

Empowering Nepali Migrant Workers with Unprecedented Digital Access

The formal signing ceremony of this pivotal Memorandum of Understanding (MoU) was graced by senior officials from both distinguished organizations, underscoring the collaborative spirit and mutual commitment to this transformative project. The agreement was officially signed by Mr. Paras Kunwar, Chief Operating Officer of Fonepay, and Mr. Kabiraj Adhikari, Executive Director of the Social Security Fund. Their presence symbolized the shared vision of leveraging digital solutions for greater social welfare.

This groundbreaking system is specifically designed to eliminate traditional hurdles faced by migrant workers in submitting their SSF contributions from abroad. By integrating the service into the digital banking platforms of numerous Nepali banks and financial institutions within the robust Fonepay Network, it offers a seamless and highly efficient method for managing their long-term financial security. This means less reliance on manual processes, fewer trips to intermediaries, and more direct control for the workers themselves.

Mr. Paras Kunwar, COO of Fonepay, emphasized the profound impact of this collaboration. “With Fonepay’s broad reach in mobile-based financial services, this collaboration is expected to greatly benefit Nepali migrant workers by providing a convenient, secure, and direct way to contribute to the Social Security Fund. Moreover, it encourages the crucial use of formal channels for remittance transfers, which is vital for national economic transparency and growth.” His statement highlights the dual benefit of ease of contribution and promoting legitimate financial flows.

Mr. Kabiraj Adhikari, Executive Director of SSF, further articulated the strategic alignment of this partnership with the fund’s core objectives. “This collaboration perfectly aligns with the Social Security Fund’s overarching vision of ensuring comprehensive financial security for every Nepali worker, regardless of their geographical location. By enabling mobile banking-based digital contributions through Fonepay’s robust network, we aim to simplify the process significantly, enhance accessibility for our overseas contributors, and ultimately strengthen the integral connection of our migrant workforce with Nepal’s essential social protection system.”

The Service is Live: Contributions Made Simple, Anytime, Anywhere

A key highlight of this partnership is that the service is already live, immediately providing tangible benefits to Nepali migrant workers. They can now effortlessly utilize the Fonepay Bills platform, which is readily available within all mobile banking applications provided by Nepali banks and financial institutions. This means that contributing to the Social Security Fund is now just a matter of a few taps on their smartphones, accessible anytime and from virtually any location across the globe. This level of convenience is unprecedented and directly addresses a long-standing challenge for the migrant community.

About Fonepay: Paving the Way for Digital Payments in Nepal

Fonepay stands as Nepal’s leading Payment System Operator (PSO), playing a pivotal role in revolutionizing the country’s digital payment landscape. The company facilitates seamless interbank person-to-person (P2P) and person-to-merchant (P2M) transactions through its highly interoperable network and advanced mobile platforms. Regulated by Nepal Rastra Bank (NRB), Fonepay proudly holds the distinction of being the first licensed PSO in Nepal. Furthermore, it is also the first non-card-based PSO in the country to achieve the prestigious PCI DSS Certification, a testament to its unwavering commitment to security and data protection.

About Fonepay Bills: Your One-Stop Digital Payment Solution

Fonepay Bills is an innovative, all-encompassing online payment solution seamlessly integrated across all mobile banking apps in Nepal. This robust platform empowers users to effortlessly pay for a wide array of services, including electricity, water, TV subscriptions, internet bills, EMI payments, government revenue, education fees, airline tickets, and much more. Its design prioritizes quick, secure, and convenient transactions, simplifying bill payments for millions of Nepali citizens.

About Social Security Fund (SSF): Securing Nepal’s Workforce

The Social Security Fund (SSF) is a vital government initiative dedicated to providing essential social security benefits to workers across both the formal and informal sectors of Nepal’s economy. The fund’s comprehensive coverage addresses various critical aspects of workers’ welfare, encompassing crucial support related to health, retirement, and accident-related incidents. The SSF plays a fundamental role in building a more secure and equitable future for all Nepali workers.

This collaboration between Fonepay and SSF is a shining example of how public and private entities can converge to implement advanced digital solutions that directly benefit a significant portion of the national workforce. By streamlining SSF contributions for Nepali migrant workers, it not only ensures their financial protection but also strengthens the overall digital economy and formal financial channels in Nepal.

For More: SSF Partners With Fonepay