Central bank urges for carrying out banking transactions sans any doubts

KATHMANDU, FEBRUARY 21: In a bid to dispel the prevalent rumours about the financial health of a few Nepali banks, Nepal Rastra Bank (NRB) has said that the banks and financial institutions (BFIs) are strictly adopting safety and other related measures as directed by it. Claiming that certain BFIs are on the verge of collapse, […] The post Central bank urges for carrying out banking transactions sans any doubts appeared first on Aarthiknews:: A leading business & economic news portal from Nepal.

सम्बन्धित सामग्री

Over Rs 350 billion paid through mobile banking in 11 months

KATHMANDU: In the first 11 months of the current fiscal year, transactions worth over Rs 350 billion were made through mobile banking. According to Nepal Rastra Bank (NRB), transactions totaling Rs 351.28 billion were recorded up to the end of Jestha (June 14). These transactions were made by 24,363,776 mobile users. This represents an increase […]

Digital transactions growing steadily

Recently, as the number of online users has increased, the digital transaction business has also started to increase. According to the latest statistics of Nepal Rastra Bank (NRB), the transactions using connect IPS, mobile banking, wallet, internet banking, ATM and Quick Response (QR) code have increased significantly in the current fiscal year.

How are online transactions leading to cyber crimes?

With the democratisation of technology, the widespread use of new delivery channels such as ATMs, internet banking, and mobile banking is increasing the risk of financial loss and electronic fraud

How are online transactions leading to cyber crimes?

With the democratisation of technology, the widespread use of new delivery channels such as ATMs, internet banking, and mobile banking is increasing the risk of financial loss and electronic fraud

Mexican retailer Grupo Elektra embraces bitcoin for payments

Grupo Elektra in Mexico will accept Bitcoin as payment for goods, making it the latest shop in Latin America to do so as the cryptocurrency's popularity increases. According to an online ad published on Twitter by Mexican billionaire Ricardo Salinas Pliego, Elektra, a grocery and banking chain owned by conglomerate Grupo Salinas, is providing a 20% discount on Bitcoin transactions. "It turns out that the rumors are genuine. Elektra is the first (retail) store in Mexico to accept Bitcoin payments "In a tweet, Salinas stated.”I'm sorry for beating the competition once more." BitPay, a Bitcoin payment service company located in the United States, will handle the transactions. A spokeswoman for Grupo Salinas could not be reached for comment right away. Salinas, one of Mexico's wealthiest individuals, owns the Banco Azteca banking company and said in June that he was trying to open Mexico's first Bitcoin-accepting bank. Bank of Mexico...

Digital transactions on the rise

Transactions via internet banking increased by 231 percent: NRB KATHMANDU, May 17: With the spread of the second wave of the coronavirus pandemic in the country, cashless transactions have increased significantly.  Digital transactions amounting Rs 3.686 trillion weren made In the past one month alone, according to Nepal Rastra Bank (NRB). This includes the transactions made through RTGS, wallet, ATM, debit cards, IPS, Connect IPS, mobile and internet banking and other digital devices.  The NRB said that transactions worth Rs 70  billion were made through the ATMs in the past month.Transactions via internet banking increased by 231 percent.  Transactions amounting Rs 2.177 trillion were made through the Real Time Gross Settlement (RTGS) system launched by the central bank itself. Transactions worth Rs 900 billion, were, however settled through cheques.  Nischal Adhikari, director of the payment system department of the NRB, said that digital business has boomed amidst the coronavirus epidemic. He said, "People have attracted toward digital transactions owing to COVID-19 fears." Wallet services inlcuding eSewa, Khalti, IME Pay and others reported a transaction of Rs 11 billion in the past one month. In Mid-July last year, such a transaction was only Rs 7 billion. Mobile banking increased by 164 percent. The QR code system, which the central bank has been promoting recently, has also attracted a lot of customers. Payments through QR codes increased by 362 percent. About Rs 3 billion is being transacted through QR code in a month, according to the NRB.

Global IME cashless banking

lobal IME Bank organised a promotion event for its QR payment program in Nakkhu on 22 January in a bid to promote cashless transactions. Governor of Nepal Rastra Bank Maha Prasad Adhikari inaugurated the payments at retail shops in the area.  The bank has also launched online training on electronic payments for QR merchants. Meanwhile, […]