Nepal’s First and Very Own Credit Card is now LIVE In collaboration with Fonepay and Citizens Bank
Lalitpur: Citizens Bank, a leading commercial bank of Nepal, has announced Launch of Nepal’s first and very own Virtual Credit Card in partnership with Fonepay. Citizens Fonepay Credit card is Nepal’s own card scheme. This innovative solution, first of its kind in Nepal, offers a fully virtual experience, combines the convenience of QR payments with the flexibility of credit, offering users a seamless and secure payment experience with the convenience of managing transactions at ease.
The Citizens Fonepay Credit Card provides users with a host of features designed to enhance the credit card experience:
• Instant Issuance: Get your card within seconds from your Citizens Smart Mobile Banking App
• Scan and Pay: With your new Citizens Fonepay Credit Card, you can easily Scan & Pay at over 1.4 Million+ Fonepay Merchants.
• Spend Tracking: Stick to your monthly budget and track your spendings in real time with transaction statements.
• 45-Day Interest Free Credit: Experience the advantage of up-to 45-day interest-free credit period and take your financial flexibility to the next level.
• Flexible Repayment Options: You have the freedom to decide whether to pay in full or make the minimum payment. The choice is yours.
Special Campaign Offer: 50% Instant Cashback
To celebrate the launch, Citizens Bank is offering an incredible 50% instant cashback of up to Rs. 1,000 per user on transactions made with the Citizens Fonepay Credit Card. This limited-time offer starts on September 12, 2024, and is available to all eligible Citizens Fonepay Credit Card users. This offer provides a fantastic opportunity for customers to experience the convenience and benefits of the Citizens Fonepay Credit Card.
Ganesh Raj Pokharel, CEO of Citizens Bank expressed his excitement about the launch, stating, “We are delighted to partner with Fonepay and launch Nepal’s first virtual credit card which can be used to Scan and Pay at Fonepay Merchants, a strategic move that will revolutionize the way our customers handle credits and payments. This innovative solution is a testament to our commitment to offering cutting-edge, customer-centric financial products. In an increasingly digital world, we believe that convenience, security, and flexibility in financial transactions are more important than ever. At Citizens Bank, we have always been driven by innovation, and this milestone strengthens our position as a leader in Nepal’s banking sector. We are committed to continuing this journey of digital transformation, ensuring that our customers benefit from the most advanced financial solutions available.”
Diwas Kumar, CEO of Fonepay added, “At Fonepay, we are deeply committed to enhancing the user experience and thrilled to introduce a product that truly stands out in the industry —Nepal’s very own virtual credit card. Fonepay’s virtual credit card is Nepal’s very own card scheme providing digital experience to customers. With credit card penetration in Nepal below 2%, our virtual credit card fills a critical gap, offering instant access and connectivity to a wide network of merchants, from local vendors to major retailers. This isn’t just a product launch, it’s about creating a flexible, adaptive solution tailored to the evolving needs of Nepali consumers, and building a more inclusive, interconnected financial ecosystem that empowers both consumers and businesses in the digital age.”
