Fonepay Reappoints CEO Diwas Kumar for Four-Year Term, Eyes Expansion and IPO
Summary
Fonepay has reappointed Diwas Kumar as CEO for a four-year term to continue expanding Nepal's leading digital payment network and prepare for an IPO in 2026.
Key Points
- Diwas Kumar has been reappointed as CEO of Fonepay for another four-year term.
- Under his leadership, Fonepay introduced Nepal's first open-loop QR payment system.
- Fonepay's network now includes over 2 million merchants and handles over 2.5 million daily transactions worth more than NPR 15 billion.
- The company plans to focus on cross-border payments, product expansion, financial inclusion, and an IPO in 2026.
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