NRB revises upper limits of payment settlements through mobile banking and internet banking
KATHMANDU, March 4: Nepal Rastra Bank (NRB) has doubled the upper limit for cash transactions through digital payment channels including mobile banking and internet banking platforms.
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 […]
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.
In a good sign for the country and its people, electronic payment transactions are increasingly gaining traction. According to latest macroeconomic and financial report based on three months of the current fiscal year released by Nepal Rastra Bank (NRB), the use of ATM, Connect IPS, mobile banking, wallet, prepaid card and Quick Response (QR) code has been increasing for financial transactions, with the use of QR soaring
KATHMANDU, June 13: The number of mobile users in Nepal has surpassed 17,600,000 in Nepal, according to the latest data of Nepal Rastra Bank (NRB).
As per the latest data revealed by the NRB, the number of mobile banking users in the country has reached 17,676,259 as of May 14, 2022. The number has increased by 1.66 percent in comparison to the previous year.
The number stood at 17,382,448 as of May 14, 2021.
Online payments, including QR-based payment, wallet, mobile banking and e-commerce payment have significantly increased in the last three months.
According to the reports of the Payment Systems Department of the Nepal Rastra Bank (NRB) for the month of Shrawan (mid-July to mid-August), Bhadra (mid-August to mid-September) and Ashwin (mid-September to mid-October) of Nepali calendar, online payments have witnessed a steady growth.
KATHMANDU, Aug 21: A report prepared by the Nepal Rastra Bank (NRB) has unveiled that there were 36.3 million deposit accounts in Nepal. The report added that financial access has expanded to 60.9 percent of Nepalis who have at least one deposit account in the bank.
There are altogether 5,978 banks of various classes such as A, B and C as of April this year.
The study conducted on the status of financial access in Nepal showed there were 36.3 million deposit accounts and 1.6 plus loan accounts in Nepal by mid-June 2020.
Among the total deposit accounts, 67.7 percent are active while the remaining ones are dormant. Similarly, of active deposit accounts, female’s account accounted for 72.2 per cent.
Similarly, out of total deposit accounts, saving accounts constitute 90.6 per cent.
Among the total 753 local levels, 750 local units had commercial banks ensuring people's financial access. Dhading district’s Rubi Valley, Jajarkot’s Junichande and Bajhang’s Saipal have no commercial banks, according to the report.
Among those having access to banking in the country, the number of mobile banking users stands at 32 per cent, the report mentioned.
.jpg)
