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.

सम्बन्धित सामग्री

Financial transactions, including payments, via QR codes on the rise in Nepal

KATHMANDU, Dec 15: Digital transactions and payments have been on the rise in Nepal of late.

Digital transactions backbone of transparency: NRB Governor

Nepal Rastra Bank (NRB) has launched a digital financial literacy programme from Darchula district of Sudurpaschim Province. Digital financial literacy programme was launched amidst a function organised at Khalanga, the headquarters of Darchula, Friday, according to a press statement of NRB.

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.