Fonepay Appoints Sashin Joshi as a New Chairman of the Board

 Lalitpur, December 14 .Fonepayhas announced the appointment of Sashin Joshi as the new Chairman of the Board. The appointment was made officialon December 13, 2023 with a solemn oath-taking ceremony held at the Nepal Rastra Bank, in presence of Deputy Governor, Mr. Bam Bahadur Mishra.

Prior to his role as an independent director at Fonepay, Mr. Joshi served as a Chief Executive Officer (CEO) in leading Banking and Financial institutions in Nepal for more than two decades. His tenure in executive leadership positions has been marked by exemplary contributions, particularly in the areas of risk management, strategic planning, and international business. Mr. Joshi is widely recognized and esteemed in banking circles, bringing a substantial wealth of experience to his current role at Fonepay.

In a notable ceremony witnessed by key stakeholders and industry leaders, the newly appointed Chairman expressed his commitment to leading Fonepay into the next phase of its growth,

“I am truly honored to step into the role of Chairman at Fonepay Payment Service Limited, and I am genuinely excited about the prospect of applying the wealth of experiences I have garnered throughout my career.

As Chairman, my primary focus will be to give the strategic direction to the management team at Fonepay in cultivating a more efficient, capable, and socially responsible organization within Nepal’s digital payment ecosystem”- remarked Joshi.

 About Fonepay Payment Service Limited

 Fonepay is a Payment System Operator facilitating inter-bank, person-to-person (P2P) and person-to-merchant (P2M) transactions through its interoperable network and mobile platforms. Fonepay is regulated by Nepal Rastra Bank (NRB) and was the first mobile payment network to be licensed by NRB as Payment System Operator (PSO).

As an ISO 27001:2013 certified payment system operator in Nepal, Fonepay has been making active efforts to contribute towards a cashless economy by enabling fast, secure, and reliable digital cashless payment services to bank and wallet customers as well as businesses. The company is focused on bringing innovations to the mobile payment network through the usage of technology to achieve greater efficiency in operations and widen the reach of payment systems.