Product · 2024–2025
OrangeNXT
App-based digital-only banking service launched by Laxmi Sunrise Bank on 25 January 2024 with fintech FoneNXT. More than 65,000 customers had opened accounts with deposits of Rs170 million when NRB ordered it suspended in August 2025.
Why it ended
NRB said the service operated without a legal and regulatory framework for digital-only banks.
Sources1
Every figure on this page is compiled from public records. These are the ones it rests on.
Show the source behind this page
- The recordNational presssingle source
For now, the product has been put on hold.