Virtual Credit Card
Experience the future of banking with Nepal's first virtual credit card, brought to you by the innovative collaboration of Citizens Bank and Fonepay. This revolutionary solution is designed to provide you with a seamless and secure digital banking experience like never before. Say goodbye to the hassles of physical cards and embrace the convenience of the virtual world. Sign up for the virtual credit card today and take the first step towards smarter banking.

How do Virtual Credit cards work?

You can now use your mobile banking app to make payments from your virtual credit card at various merchants in the Fonepay network, eliminating the need to carry a physical card. 

Virtual Credit from mobile banking app

In the past, we had to carry a physical credit card which could only be used at a limited number of POS terminals. Now, with the virtual credit card, payment has become easier and more convenient. It can be used across approximately 1.2 million merchant partners of the Fonepay Network.

Limit of Virtual Credit Card

Virtual Credit Card limits are automatically determined and can be applied through mobile banking apps, similar to a Payday loan. However, To determine the limit, certain factors must be taken into consideration.
1. Account Transaction History
2. Average Balance maintained in the account.
3. Type of Account

Advantages of Virtual Credit Card 

It's a revolutionary step in the credit card segment. You can now apply for a virtual credit card instantly from your mobile banking app. Based on your eligibility, you can also instantly avail a limit. This feature can be a lifesaver during urgent financial requirements. There are other advantages quoted below:

1. Can be used across large numbers of Fonepaye QR merchants available.
2. Easy and convenient like QR payment.
3. Payment is Accepted almost everywhere in Nepal.
4. Hassle fee cardless transaction. No need to carry physical cash.
5. Cross-border transactions are now available through Fonepay's new cross-border transaction agreement.

How to apply for a Virtual Credit Card?

Citizens Bank International Limited is a pioneer bank for the Virtual Credit Card service, so you need to maintain an account at Citizens Bank to access the Virtual Credit Card feature from their mobile banking app. The feature may be extended to other banks in the upcoming days.

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