Fonepay and LankaPay sign MOU for Crossborder Interoperable Payment System

Kathmandu, June 2: Fonepay, Nepal’s Largest Payment Network, announced the signing of a Memorandum of Understanding (MoU) with Sri Lanka’s National Payment Network: LankaPay, to collaborate on the strategic partnership to revolutionize the digital payment landscape by developing an interoperable digital payment system enabling users to transact seamlessly across the two countries.

The MOU was signed by Diwas Kumar Sapkota, the CEO of Fonepay and Channa de Silva, the CEO of LankaPay in the presence of Chief Guest, B. Nilusha Dilmini, Charge d’Affaires, a.i. & Head of the Chancery, Sri Lanka Embassy in Kathmandu, Daniel D. Shrestha, Director of Group Strategy, F1Soft Group and Biswas Dhakal, Chairperson, Fonepay and President, F1soft Group.