Leading payment system operator Fonepay has been honored as the highest taxpaying organization in the ICT sector. The company was presented with recognition, including a certificate of appreciation from the Prime Minister KP Sharma Oli. The glorious ceremony took place at a special program in Kathmandu that marked the 8th National ICT Day.
Representing Fonepay, Diwas Sapkota, the company’s chief executive officer (CEO), received the accolade from Prime Minister Oli.
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Fonepay awarded as the highest taxpaying ICT company on National ICT Day 2025
For Fonepay, the award as the highest taxpaying ICT firm is a reflection of its responsibility as a taxpaying entity and its contribution to the digital transformation of Nepal. As a PSO, Fonepay has transformed Nepalis’ payment habits with an easy scan-to-pay feature through digital wallets and mobile banking apps. It, likewise, highlights the crucial role the company has played in the development and growth of Nepal’s ICT ecosystem and digital economy.
‘This award from the Government of Nepal is a matter of great pride for us,’ said Divas Kumar, CEO of Fonepay. ‘At PhonePe, we believe in a deep connection between responsible corporate citizenship and innovation. This award further strengthens our commitment to strengthening Nepal’s digital economy, while also making us more aware of our responsibilities as a leading organization in the ICT sector.’
Fonepay holds over 80% market share as a PSO in Nepal, leaving its competitors far behind. Its electronic payment facility is available on top digital wallets and bank apps.