Fonepay launches ‘On-Request Withdrawal’ feature for cash management in Nepal

KATHMANDU: Fonepay, Nepal’s leading digital payment platform, has introduced a new “On-Request Withdrawal” feature to ensure easy access to cash management for business owners.

This feature allows merchants to withdraw cash at any time according to their needs.

Merchants can now instantly withdraw funds to their bank accounts without facing any additional fees or delays.

The primary goal of this feature is to give business owners full control over their cash flow, making financial management more efficient and convenient.

Merchants can use this feature for paying suppliers, managing employee salaries, and handling emergency expenses.

The feature is available through the Fonepay Business App.

Key Features:

Instant Cash Withdrawal: Merchants can use the Fonepay Business App to instantly withdraw cash to their bank account at any time, making cash flow flexible and seamless for daily operations.

Automatic Withdrawal: If merchants do not manually initiate an “On-Request Withdrawal,” the amount will be automatically transferred to their bank account according to a scheduled time.

This ensures continuity and transparency in their cash flow.

Fee-Free Withdrawals: Merchants can now withdraw cash instantly without incurring any additional fees, reducing business expenses and simplifying financial management.

Simple Steps to Use the ‘On-Request Withdrawal’ Feature on Fonepay Business App:

• Open the PhonePe Business App.
• Log in using your registered account.
• Tap the profile icon at the top of the app.
• Go to the “Settlement Settings” section where various fund-related options are available.
• Select “Request Withdrawal” from the available options and proceed with the request.
• Follow the instructions to activate the “On-Request Withdrawal” feature for your account.
• Once activated, you can withdraw cash to your bank account at any time without additional charges.

Fonepay’s free “On-Request Withdrawal” feature gives business owners the flexibility to instantly withdraw cash to their bank accounts, providing more control over their cash flow.

This enables quicker and more effective business decisions.