Kathmandu. Only Rs 10 will be charged for interbank transfer through PhonePay's PhonePay Direct. From now on, only Rs 10 will be charged for transferring Rs 100 to Rs 200,000 through PhonePay Direct.

Earlier, the fee was charged according to the result of the amount. This fee is the lowest for interbank transactions in Nepal. The company has said that money can be sent easily by mentioning the mobile number of the person receiving the money in any bank through PhonePay. You can easily send money by going to the send money option in the mobile app of any bank and financial institution affiliated to PhonePay network and clicking PhonePay Direct.

PhonePay Payment Services Limited is one of the leading and reputed payment system operators in Nepal licensed by Nepal Rashtra Bank. There are 60 banks and financial institutions in the PhonePay network.