Fonepay has collaborated with Citizens Bank to launch Nepal’s first and very own virtual Credit Card. The Citizens Fonepay Credit card provides a fully virtual experience enabling QR payment via flexibility of credit.
Citizens Fonepay Credit Card provides users with a convenient way of managing transactions with ease.
Citizens Fonepay Credit Card features
Citizens Fonepay Credit Card brings a host of important features to make transactions easier and seamless. Here are its best benefits:
- Instant issuance: You can get the Citizens Fonepay credit Card within seconds right from the Citizens Smart Mobile Banking app.
- Scan and Pay: The service lets you easily Scan & Pay at over 1.4 million + Fonepay Merchants.
- Spend Tracking: The feature also lets you track spending in real time with transaction statements.
- 45-Day Interest-Free Credit: The service also lets you get up to a 45-day interest-free credit period.
- Flexible Repayment Options: Citizens Bank also gives customers the option to pay in either full or make the minimum payment.
Also read: Nabil Cash Machine: Both Cash Withdrawal And Deposit
Promotional offer: 50% Instant Cashback
To mark the launch of this revolutionary service, Citizens Bank is offering a 50% instant cashback of up to Rs 1,000 per transaction made via the Citizens Fonepay Credit Card. This offer is valid till September 12, 2024. All Citizens Fonepay Credit Card users are eligible to cash in on the offer.
What has been said?
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.”
The Citizens Bank’s virtual credit card allows users instant access to a vast network of merchants all over Nepal from local vendors to elite retailers. The bank and Fonepay expect that the service contributes to 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.”
What do you think of the virtual credit card service from Citizens Bank and Fonepay, or are you more into the QR payment behavior? Do share in our comment box.