MOU between Kamana Sewa Bikas Bank and Moco App for Digital Payments


10th Jan, 2022 | Tourism Mail Crew


KATHMANDU, Jan 10: An agreement has been reached between Kamana Sewa Bikas Bank and Moco App to exchange Foxon Payment Solutions digital wallet service. The agreement was jointly signed by Praveen Basnet, Chief Executive Officer of the Kamana Bank and Pranay Rajbhandari, Chief Executive Officer of FOCUSONE Payment Solutions Pvt. Ltd.

Moco App is the first 'Open Loop Non-Store Value' digital wallet in Nepal. This will allow customers to easily enter their card details and make instant payments through QR codes to various merchant outlets.

Bank's Visa card users will be able to make purchases and pay for various services by linking their debit card to the app.

The bank has been providing services through 129 branches, 1 extension counter and 1 branchless banking service and 77 ATMs across the country.