Mahalaxmi Bikas Bank has launched a fully digital virtual credit card in collaboration with Fonepay, becoming the first development bank in Nepal to roll out such a service.
The “Mahalaxmi Fonepay Credit Card” is now available within the bank’s mobile banking app, “Mahalaxmi Smart Sathi”. With this feature, customers can make secure and convenient payments through Fonepay QR merchants across the country and settle online purchases from anywhere.
The virtual card offers the same benefits as a physical credit card, including a 45-day interest-free period and flexible installment payment options—without the need to carry a physical card.
To mark the launch, the bank is offering a special cashback of up to Rs 500 for customers who use the virtual card, enhancing the value of the service.
In a statement, the bank said the launch aligns with its commitment to providing advanced, user-friendly, and technology-driven digital banking solutions.
