Everest Bank has launched the first of its-kind offline digital payment solution known as ‘FoneTAG’ in the Nepali market in collaboration with Fonepay. It enables customers to make merchant payments by presenting an NFC tag or a CPQR code (customer presented QR code) from the mobile banking app even in areas with limited or no internet connectivity, reads the press release issued by the bank. 

The limit for offline transactions is Rs5000 per transaction. 

The service is accessible to all Everest Bank customers through their mobile banking app. Currently, this service is accessible on NFC-enabled Android smartphones. Mobile phones that do not have NFC can use the CPQR code.