KATHMANDU

Fonepoints Pvt. Ltd., a pioneer in loyalty program management, and Fonepay Payment Services Ltd., Nepal’s largest payment network, licensed by Nepal Rastra Bank (Central Bank of Nepal), are pleased to announce a strategic partnership aimed at revolutionizing the landscape of loyalty program services in Nepal.

The Memorandum of Understanding (MOU), effective January 24, 2024, marks the commencement of a collaborative partnership between Fonepoints and Fonepay.

Fonepay will become a pivotal participant in the Fonepoints ecosystem, acting as a dedicated loyalty partner. Fonepoints, in reciprocity, will provide comprehensive services encompassing the administration, management, and redemption of loyalty points and rewards to Fonepay users.

Expressing excitement for this new partnership Fonepay’s CEO, Diwas Sapkota, expressed, “We eagerly anticipate the journey ahead with Fonepoints as our new partner in loyalty reward management. We expect this partnership to enhance customer satisfaction significantly.”

This collaboration between Fonepoints and Fonepay represents a significant leap forward in shaping the future of loyalty program management in Nepal. Both companies are dedicated to fostering innovation, enhancing customer satisfaction, and contributing to the growth of the business ecosystem through this strategic partnership.