OrangeNXT: Laxmi Sunrise Partners with FoneNXT to Launch Neobanking

Laxmi Sunrise Bank, a commercial bank in Nepal, launched a digital-only banking service named OrangeNXT. For the service, the bank partnered with FoneNXT, an F1Soft subsidiary providing a banking-as-a-product platform.

Laxmi Sunrise highlights that OrangeNXT provides a seamless and fully digital banking experience via its mobile banking app.

The neobank covers a range of services, including account opening and advanced fund management options such as fixed deposits, and goal-based savings. OrangeNXT aims to redefine convenience in payments and fund transfers.

Ajaya B Shah, chief executive officer at Laxmi Sunrise, states,

“At its core, OrangeNXT signifies the next transformation in Nepal’s digital banking landscape. While we continue to enhance our traditional mobile banking services, OrangeNXT targets the underbanked, particularly the digital native segment, including the youth and non-resident customers seeking efficient banking solutions in Nepal.”

Expressing excitement on the launch Sanat K. Paudel, chief executive officer at FoneNXT claims, “OrangeNXT has been developed with a fundamental commitment to quick and efficient banking. The goal was to seamlessly integrate the banking process into the digital realm. We believe that the product, born from imaginative thinking, is poised to revolutionize the banking experience, transforming it into a journey that transcends expectations for our customers.”

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(Press Release)