Khetan Group joins fintech by buying stake in Fonepay

Rajendra Khetan has acquired 14 percent shares of the leading digital wallet owned by F1Soft.

Khetan Group, one of the country’s oldest and influential industrial conglomerates, has entered the country’s digital payment ecosystem. Rajendra Khetan, chair of the group, has acquired a significant 14 percent stake in Fonepay, Nepal’s leading digital wallet operator, signaling the group’s aggressive push into financial technology.