Digital payment will enable Indians to spend more in Nepal

Fonepay Payment Service partnered with India’s NPCI International Payments to launch the cross-border payment service using quick response (QR) codes. Indian visitors can now scan the Fonepay QR code using India’s digital payment app–PhonePe.

Starting March 1, Indians have been allowed to make payments through their mobile phone marking a milestone in cross-border digital payment between Nepal and India. Fonepay Payment Service partnered with India’s NPCI International Payments to launch the cross-border payment service using quick response (QR) codes. Indian visitors can now scan the Fonepay QR code using India’s digital payment app–PhonePe. The Post’s Krishana Prasain sat with Ritesh Pai, CEO of International Payments, PhonePe, during his brief visit to Kathmandu, to talk about PhonePe's entry into Nepal, its plan and strategies. Excerpts: