Khetan Group, one of Nepal’s leading business conglomerates, has signed a preliminary agreement to acquire up to 20% equity stake in Fonepay, a prominent digital payment company in Nepal. The proposed investment is valued at approximately Rs. 140 crore.
This strategic move represents Khetan Group’s entry into Nepal’s rapidly expanding fintech sector. The deal is based on a recent valuation of Fonepay and reflects increasing investor confidence in digital payment platforms within the country.
However, the agreement is yet to be finalized and remains subject to regulatory approval. The Nepal Rastra Bank (NRB), the country’s central bank, is currently reviewing the Khetan Group’s ‘fit and proper’ status before granting clearance for the ownership transfer.
Fonepay plays a significant role in Nepal’s digital payment ecosystem, providing services such as QR code-based payments, as well as domestic and cross-border transactions. The company has witnessed substantial growth in recent years, contributing significantly to the digitization of Nepal’s financial landscape.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
