About
Fonepay is Nepal's interoperable merchant QR network, operated by a subsidiary of Nepali fintech group F1Soft licensed by Nepal Rastra Bank as a Payment System Operator since February 2020. Fonepay is not a wallet. Shoppers scan a merchant's Fonepay QR in the mobile banking or wallet app of any of its 64 member banks and wallets (as listed in 2026), and money moves directly from their account to the merchant's account. Merchants pay no fee for standard QR acceptance, and Indian tourists can pay the same codes with UPI apps. On 30 March 2025, Fonepay processed over one million QR payments in a single day.
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