Digital Payments Processor (Fonepay) from F1Soft Group is an interoperable payment switch. Live stats: 60+ partner BFIs, 20M+ customers, 1.5M+ QR merchants, $25B+ yearly transaction volume. Features: (1) Unified Payment Interface — robust microservices architecture modularising payment services for independent deployment; unifies bill payments, retail purchases, and business transactions in a single platform. (2) Interbank Transactions — seamless inter-bank transactions through advanced API integrations; RESTful APIs standardise communications, enhance interoperability, and reduce transaction times. (3) Person-to-Merchant Payments — sophisticated dynamically generated QR code technology; mobile payment applications with QR, NFC, and offline payment method support. (4) Enhanced Security and Compliance — encryption, multi-factor authentication, strict regulatory standards compliance. Fonepay is Nepal’s largest payment network, connecting BFIs, merchants, and consumers through an interoperable ecosystem.
Why we recommend this software
Fonepay (Fonepay) is one of six enterprise fintech solutions from F1Soft Group (f1soft.com), Nepal's pioneer in democratising financial services.
Best fit for
Fonepay from F1Soft is Nepal's largest interoperable payment switch — connecting BFIs, merchants, and consumers through unified QR payments, interbank transfers, NFC, and digital interfaces. 60+ BFI partners, 20M+ customers, 1.5M+ QR merchants, $25B+ yearly volume.
Look elsewhere if
You are a small business or individual — F1Soft's solutions are enterprise B2B platforms for Banks and BFIs. End-users access the resulting products (eSewa, Fonepay, BankXP) through their bank or app.
Pros & cons at a glance
What buyers love
- 20+ years of fintech leadership in Nepal — pioneers of digital payments and banking since 2004
- 26M+ users across the F1Soft ecosystem, 50+ BFI partners, 1,200+ strong team
- ISO 9001:2015 certified quality management
- Operations in Nepal and Dubai — international expansion
- Proven at massive scale: eSewa ($275M+ avg monthly transactions), Fonepay ($25B+ yearly transaction volume), BankXP (2.2M+ daily transactions)
- Founder Biraj Shrestha — pioneer of digital payments in Nepal
- Offices: Hattisar, Kathmandu
- Nepal’s largest payment network — 60+ BFIs, 1.5M+ QR merchants, $25B+ yearly volume
- Fonepay powers QR code payments across Nepal’s banking ecosystem
- Interoperability: connects all BFIs through a single payment switch
- 6 years of operation (Oct 2025 anniversary celebrated)
Common complaints
- Products are B2B solutions for Banks, BFIs, and enterprises — not for individual consumers or small businesses
- Pricing not published — contact F1Soft at f1soft.com/contact
- Products are technology platforms licensed to financial institutions — end customers interact through the bank’s branded interface (BankXP, OrangeNXT, eSewa, Foneloan, Fonepay, Fonepoints)
Expert review · scored by our editors
Features included
Payment Switch
Fonepay Features
- Unified Payment Interface — bills, retail, business in one platform
- Interbank fund transfers via RESTful API integration
- Dynamic QR code generation for person-to-merchant payments
- NFC payment support
- Offline payment method support
- Microservices architecture — modular, independently deployable
- Multi-factor authentication and encryption
- Strict regulatory compliance
