The digital financial penetration rate in Nepal is chronically low with the best guesstimate being ~2-3% of the total transaction volume in a US$ 30 billion economy. Although the banking sector is becoming increasingly digitized, ~51% of the country’s population is still unbanked. However, almost 70% of the Nepali population are under 40 years of age and educated. Mobile phone penetration rate is over 130% and the price of mobile internet (data) has reduced 20 fold in the past 5 years making it more affordable and accessible to the majority.

At F1Soft, we believe that Nepal is nearing a digital inflection point that could save billions in lost transaction costs and economic rents through enhanced transparency. Moreover, riding on technology to provide easy and affordable access to financial services is one of the major contributors to economic prosperity, especially for a land-locked and geopolitically challenged nation like Nepal.

F1Soft has been continuously building an ecosystem of digital products and services to enable Nepal’s digital transformation. All of our solutions are designed to fit into and contribute to this ecosystem, be it as a core asset or as a value addition. The ecosystem continues to evolve with the addition of new avenues, innovations and technologies. But it shall always exist to realize our vision of becoming a household brand that every Nepali uses to meet their digital financial needs, every single day.

Core Fintech Assets

• The heart of the ecosystem is our Fintech asset base. This segment consists of fintech solutions that we have been working on since our inception
• F1Soft, as an individual company, develops fintech products that are used by banks; mobile banking and internet banking being the ones creating the most visible impact.
• eSewa is Nepal’s first and leading digital wallet and through its extensive agent network, provides digital financial services to the under-banked and unbanked population segments. eSewa’s web/mobile app and 80K+ mobile money agents spread across the country have unparalleled reach and impact.
• Fonepay is an interoperable payment network that connects consumers and businesses across 50+ banks and financial institutions enabling real-time digital transactions.
• eXtensoData specializes in big data and AI and helps analyze the data processed by the ecosystem to optimize our solutions and their performance.