QPay

What QPay does

QPay (legal name Que Pay Private Limited) is a Kathmandu-based fintech incorporated in Nepal in 2016 that operates a mobile payments platform built around QR code-based contactless transactions. The company runs a dual-app ecosystem: a Consumer App for end-users to make payments, transfer funds peer-to-peer, pay utility bills (telecom, internet, cable TV, electricity, water), withdraw cash via merchants, and discover nearby deals/ATMs/taxis; and a Merchant App that enables small and medium retailers, restaurants, gas stations, and taxi operators to accept digital payments, perform consumer-side bill payment services, disburse cash withdrawals, and top-up wallets—each generating merchant commission revenue. The platform integrates with Visa, MasterCard, Connect IPS, and SCT cards for wallet funding, is interoperable with UnionPay's QR network via a January 2019 partnership with UnionPay International, and connects to 45+ partner banks (10 of which support Direct Bank Deposit), giving it the broadest bank-connectivity footprint among Nepali wallet providers.

QPay generates revenue entirely through transaction-based fees and commissions: a Rs 5-10 service charge on merchant withdrawals and wallet top-ups, 1.5% on Visa/MasterCard loads, a flat Rs 10 bank deposit fee, and 0.05%-7% commissions on third-party bill payments depending on the biller. Distribution combines self-serve app store downloads (Google Play, App Store), a referral/invite bonus program (Rs 100 per successful invite, originally Rs 30), direct merchant on-boarding by the marketing team, and physical merchant touchpoints that double as cash-in/cash-out agents. As of the latest disclosed figures, QPay serves 250K+ registered users, 3.8K+ merchant locations, and operates with a small team in the 11-50 employee band from its Bhadrakali, Kathmandu headquarters. No external funding rounds, M&A activity, or institutional investors have been disclosed.

Name

QPay

Legal name

Que Pay Private Limited

Website

https://qpay.com.np

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

QPay (Que Pay Private Limited) is a Kathmandu-based Nepali mobile payments operator running a dual-app QR code wallet ecosystem serving 250K+ consumers and 3.8K+ SMB merchants, with interoperability across 45+ banks and the UnionPay network.

Ownership category

akta.pro rank

Product category

Mobile Payments / Digital Wallet

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Activities Related to Credit Intermediation (5223)

akta.pro primary industry

QR Code Payments Wallets (FSAMAEAC)

akta.pro secondary industries

QR Code & Alternative In-Store Acceptance (QR, APMs) (FSAMADAH), POS, SoftPOS & In-Person Acceptance Infrastructure (FSAGABAO)

Keywords

• Mobile wallet payments
• QR code payments
• Merchant payment acceptance
• Bill payment services
• Peer fund transfers

Headquarters

HQ city

Kathmandu

HQ country

Nepal

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Transaction Fees - Merchant Withdrawal: Merchants earn commission when consumers withdraw funds from their QPay wallet. For withdrawals less than Rs 1000, merchant receives Rs 5 and customer pays Rs 5 service charge. For withdrawals above Rs 1000, merchant receives Rs 10 and customer pays Rs 10 service charge.
2. Transaction Fees - Merchant Top-Up: Merchants earn commission when performing wallet top-up services for consumers. For top-ups less than Rs 1000, merchant receives Rs 5 and customer pays Rs 5 service charge.
3. Bill Payment Commissions: QPay earns commission percentages on various bill payments including telecommunications (NCell 2.40%, NTC 2.60%), internet services (BroadLink 7%, Subisu 1%, World Link 0.70%), cable TV (Dish Home 0.50%, Net TV 4%), and insurance (Nepal Life Insurance 0.05%).
4. Load Fund Service Charges: Service charges applied when loading funds via Visa/MasterCard at 1.50% rate. No charges for SCT Card, E-Banking, M-Banking, or Connect IPS.
5. Bank Deposit Service Charges: Fixed service charge of Rs 10 for bank deposits across all tiers (up to Rs.500, Rs.500 to Rs.5000, Rs.5000 to Rs.50K).

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

QPay is a mobile-based payment solution provider operating a dual-app ecosystem in Nepal: a Consumer App and a Merchant App, unified by a mobile e-wallet platform. The platform enables consumers to make QR code-based payments, transfer funds, pay utility/bills, withdraw cash through merchants, and link bank accounts for direct deposits, while merchants can accept digital payments, perform bill payment services, disburse wallet withdrawals, and top-up consumer wallets for commission.

Product overview

QPay is a mobile payment solutions provider operating a dual-app ecosystem: the QPay Consumer App and QPay Merchant App, unified by the QPay Mobile E-Wallet platform. The Consumer App serves end-users who need to make payments, transfer funds, pay bills, and withdraw cash via mobile. The Merchant App enables retailers and service providers to accept digital payments, process bill payments for consumers, and provide wallet top-up and withdrawal services. The platform integrates with Visa, MasterCard, SCT Card, and Connect IPS for fund loading, supports bill payments for over 30 providers (telecom, internet, cable TV, electricity, water), and connects to UnionPay QR code network for cross-network interoperability. With 250K+ users, 3.8K+ merchants, and 45+ partner banks, QPay positions itself as a comprehensive mobile payment ecosystem simplifying cash-based transactions across Nepal.

Differentiator

Problem solved

Functional benefit

Products and services

• QPay Consumer App Mobile wallet application for individual consumers in Nepal enabling QR code payments, fund transfers to other QPay users, bill payments (telecom, internet, cable TV, electricity, water), cash withdrawal at merchant locations, SCT card and bank account linking, and proximity-based discovery of nearby deals, ATMs, and taxis.
• QPay Merchant App Mobile application for small and medium merchants in Nepal enabling acceptance of QR code-based mobile payments, performance of bill payment services for consumers, disbursement of wallet withdrawals, consumer wallet top-ups, and promotion of merchant offerings through Nearby Deals and Nearby Shops proximity features.
• QPay Mobile E-Wallet Core mobile e-wallet platform underpinning both the Consumer and Merchant apps, allowing users to store funds digitally, make payments at retail outlets, restaurants, taxis, and gas stations, transfer funds between QPay users, pay utility bills, and withdraw cash through merchant locations. Supports linking of bank accounts for direct deposit and integration with Visa, MasterCard, SCT Card, and Connect IPS for fund loading.

Quantifiable outcome

• 250,000+ registered QPay users actively using mobile payment services
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature6 records

Partnerships

Two partnerships are on record, tiered flagship and core.

• UnionPay InternationalflagshipStrategic or Co-development Partner · 6 January 2019Strategic partnership enabling interoperability between QPay and UnionPay QR Code Network. This landmark association allows QPay consumers to transact digitally at Nabil/Siddartha or any UnionPay member QR merchant network, while those banks' customers can transact at QPay QR merchant locations. The partnership enables Chinese tourists and UnionPay cardholders to make seamless mobile payments at QPay merchant network, supporting Nepal Rastra Bank's digitization initiative.
• Partner Banks (45+ financial institutions)coreTechnology or IntegrationQPay has established partnerships with 45+ banks enabling the payment ecosystem. 10 of these financial institutions are specifically integrated for the Direct Bank Deposit feature, allowing consumers to transfer funds from QPay wallet to their bank accounts.

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Market position

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCWpUs8gqW6Z49wcJPBMsINw
• Facebookfacebook.com/qpayapp
• LinkedInlinkedin.com/company/qpay-solutions-private-limited
• Instagraminstagram.com/qpay_nepal?igsh=MWc5amk3eTlxdzNtcA==

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about QPay