Kathmandu. FonePay, Nepal’s digital payments network, organized the first edition of the FonePay Awards 2083, an annual event to recognize excellence, innovation, and collaboration in the digital payments sector.
The event was attended by over 400 delegates including regulators, banks & financial institutions, industry, fintech companies, businesses, technology partners, international payment partners, media and digital influencers.
The program was attended by CEOs of various sectors, officials of Nepal Rastra Bank and industry leaders. Former Finance Minister of Nepal Rameshwor Khanal was the chief guest of the program. Addressing the digital payments journey of Nepal, he said that continuous innovation, collaboration and responsible development are necessary for the development of digital economy.
He said that the infrastructure built by FonePay and its partners is not limited to the payment network, but is also a financial bridge to connect every Nepali to the economy of the future. Prior to the award ceremony, FonePay had unveiled various new products and services aimed at making digital payments more accessible, smart, accessible and inclusive.
With Autopay by PhonePay, customers will be able to manage regular and repetitive payments automatically. This facility will reduce the need for repeated manual processes for payments such as utility bills, subscription fees, and regular fund transfers.
PhonePe Circle will facilitate group spending management and fund allocation. It is expected to help streamline group payments across families, businesses and communities.
Similarly, through the Talk to Pay service, users will be able to initiate payment processing and complete transactions using voice-based instructions. The company hopes that this feature will expand the reach of digital payments for users who find it easier to use technology through voice rather than typing.
Meanwhile, the PhonePe Business app has been rebranded and launched as PhoneBiz. It is a business solutions platform designed to make the day-to-day activities of the business easy and manageable.
Through Fonbiz, businesses will be able to keep track of payments received from customers, pay salary of employees and vendors, view detailed business reports, apply for business loans and participate in loyalty programs.
According to the company, these features will be available through a single app. A total of 25 awards were given under seven categories during the program. Organizations and businesses that have contributed to digital payments, money transfers, bill payments, cross-border transactions, credit cards, merchant payment approvals and the overall digital payment ecosystem were honored.
| Winner | |
| Highest transacted commercial bank (registrar) on PhonePe QR{ | Global IME Bank |
| Highest transacted commercial bank (acquirer) on PhonePe QR{ | NIC Asia Bank |
| Highest transacted development bank in PhonePe QR (registrar) | Muktinath Vikas Bank |
| Highest transacted development bank (acquirer) on PhonePe QR) | Muktinath Vikas Bank |
| Highest transacted finance company on PhonePe QR | Manjushree Finance |
| Highest transacted finance company (acquirer) on PhonePe QR | Manjushree Finance |
| Highest transacted wallet partner in PhonePe QR | Isewa |
| Highest transacting wallet partner (acquirer) in PhonePe QR{ | Isewa |
| Most active merchant engagement partner for PhonePe QR | Kumari Bank |
PhonePe Direct Mode
| Winner | |
| Highest transacting commercial bank (registrar) on PhonePe Direct | Global IME Bank |
| Highest transacted development bank (registrar) on PhonePe Direct | Muktinath Vikas Bank |
| Highest Transacted Finance Company (Registrar) on PhonePe Direct | Manjushree Finance Limited |
PhonePe Bills Mode
| Winner | |
| Highest Turnover Partner in PhonePe Bills (Registrar) | Nabil Bank |
Cross-border payment mode
| Winner | |
| Partner with the highest cross-border payment transactions | Isewa |
| Partner with the highest cross-border payment amount | Isewa |
PhonePe Credit Card Mode
| Winner | |
| Laxmi Sunrise Bank | |
| Largest PhonePe Credit Card Issuer Vikas Bank | Garima Development Bank |
| Largest PhonePe credit card issuing finance company | Manjushree Finance |
| Largest PhonePe Credit Card Transaction Partner (Registrar) | Citizens Bank |
Merchant Mode
| Winner | |
| Mega Mart Pvt. Ltd. | |
| Bhatbhateni Super Market |
Special Honors Genre
| Winner | |
| Partner Honors for High Effective Strategic Collaboration | Citizens Bank |
| Partner Honors for High Impact Enterprise Resource Planning Integration | IMS Software Pvt. Ltd. |
| Honors for Outstanding Contribution to Financial Technology System Development | Kathmandu Fintech |
| Honors for Outstanding Contribution to Digital Payments | Bhatbhateni Super Market |
Commenting on the formal conclusion of the event, Diwas Kumar, CEO, FonePay, said, “Nepal’s digital payments ecosystem has grown through the collective efforts of regulatory bodies, financial institutions, merchants, technology partners, and millions of users. Continuous collaboration, trust, and innovation will be the key to building an ecosystem ready for the next decade. We have come a long way, and I am confident that our great chapters are yet to come.” ”
As digital payments become an integral part of everyday transactions, FonePay Honors aims to establish itself as an annual platform to honor the excellence and contributions of organizations, businesses and individuals who are contributing to building the next chapter of Nepal’s digital financial journey. FonePay is committed to continuously working with its partners and the entire ecosystem to make digital payments more accessible, accessible, seamless, and effective for consumers and businesses across Nepal.
प्रतिक्रिया दिनुहोस्