Nepal Rastra Bank has approved the sale of Fonepay shares by F1 Soft International. Industrialist Rajendra Khetan will now hold the majority stake in the company.
This move marks a significant change in Fonepay’s ownership structure. Rajendra Khetan, a well-known business figure in Nepal, is set to take control of the company’s strategic decisions.
Implications for the fintech sector
Experts say this acquisition could influence the digital payments market in Nepal. With new leadership, Fonepay may expand its services and strengthen its position in the growing fintech industry.
Market perspective
Investors are watching closely, as changes in ownership can impact company performance and stock movements. The NEPSE-listed firms in the tech and finance sectors may feel indirect effects from this deal.
