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Payment can be made in installments on fonePay network through Kumari Bank’s mobile app

BusinessPayment can be made in installments on fonePay network through Kumari Bank's mobile app

Payment in installments can be made through Kumari Bank’s mobile app in the network of fonePay Payment Service Limited. This facility has been provided to the customers of Kumari Bank in collaboration with FvanSoft, fonePay, and Kumari Bank.

In this facility, customers who have an account with Kumari Bank will be able to pay the amount in cash or installment immediately after making payment through QR. For this facility, the customer should be eligible for Kumari Bank’s phone loan facility.

When paying QR through Kumari Bank’s mobile app, you will be shown the option to pay in installments or pay immediately. Customers will also be able to pay through EMI through this option. Merchant will be paid by Kumari Bank immediately and the customer will be able to pay in installments.

Kumari Bank, in collaboration with F-One Soft International, also launched a phone loan service last year. Now, keeping in mind the popularity of the service through fonePay QR, payment service including EMI has been started. fonePay Payment Services Limited is a leading and reputed payment system operator in Nepal licensed by Nepal Rashtra Bank. The fonePay network includes 60 banks and financial institutions.

Similarly, there are more than 500,000 merchants in fonePay so far. It has been providing services through mobile apps of more than 13 million mobile banking users and over 4.5 million payment service providers. PhonePay is a world-renowned data security standard, Payment Card Industry Data Security Standards, PCI DSS V3T2 One Certified Institution.

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