Kathmandu, April 21 — Fonepay has reappointed its Chief Executive Officer, Diwas Kumar Sapkota, for another four-year term effective April 16, 2026, reaffirming confidence in his leadership as the company accelerates its growth in Nepal’s digital payments ecosystem.

Sapkota, who has led Fonepay as CEO for the past five years, has been instrumental in transforming the company from its early-stage foundation into a dominant force in Nepal’s fintech sector. His tenure has been marked by a strong focus on innovation, infrastructure development, and financial inclusion.

Under his leadership, Fonepay has introduced Nepal’s first open-loop QR payment ecosystem, enabling interoperability across banks and payment service providers. The platform has expanded its reach to over 2 million merchants across all 77 districts, significantly enhancing digital payment accessibility nationwide.

The company currently processes more than 2.5 million transactions ყოველდღaily, with a daily transaction value exceeding NPR 15 billion, reflecting rapid adoption of digital payments among consumers and businesses alike.

Fonepay has also played a key role in enabling cross-border Unified Payments Interface (UPI) transactions, positioning Nepal within the broader regional digital payment network. Additionally, the company has launched innovative solutions such as virtual credit cards and the “FoneTAG” system to further streamline digital transactions.

The reappointment comes at a pivotal time as Fonepay advances its initial public offering (IPO) plans, signaling its transition into a new phase of expansion. The company aims to further strengthen Nepal’s digital economy by driving faster, more inclusive, and technology-driven financial services.

Industry observers view Sapkota’s continued leadership as a move toward stability and sustained innovation, as Fonepay seeks to build on its achievements and scale new milestones in the evolving fintech landscape.