Citizens Bank on Tuesday launched the Fonepay Credit Card. 

According to the statement issued by Fonepay, Nepal’s largest payment network, the eagerly awaited Fonepay Credit Card is now technically and operationally ready and Citizens Bank has become the first bank to introduce it to its customers. 

The virtual credit card scheme is expected to redefine the payment card industry and customer experience. Fonepay Credit Card is a fully functional Digital Card and customers can avail of a card and transact from their mobile banking application. 

This card scheme facilitates a wide array of digital transactions across the Fonepay network where customers can make QR payments, online or e-commerce payments, and leverage advanced features like seamless EMI conversion. 

The Fonepay Credit Card empowers customers by providing seamless onboarding and delivery of the card within a few seconds in their mobile banking apps, the company says. 

Customers can benefit from the new and advanced features of the Fonepay card, enhancing their full control over card management, limit control and statement delivery, setting it apart from conventional payment cards. 

"We are excited to introduce the Fonepay Credit Card Scheme as the latest addition to our suite of digital payment solutions," said Diwas Kumar, CEO of Fonepay. 

“Our mission has always been to prioritise customers and this new product embodies that commitment. With the aim of democratising credit, we're ensuring that credit access is within reach of all.”