Digital payment on rise in Nepal

 Kathmandu, Oct 22: With growing access to technology, digital payment is on rise in Nepal of late.     

The digital transaction which gained much pace during the COVID pandemic has continued rise till date. Nepal Rastra Bank (NRB) has also encouraged people to the electronic payment.     

The latest record shared by NRB has shown that in the second month (Bhadra) of the current fiscal year alone, transaction of more than Rs 4900 billion was made via electronic medium.     

The transaction of Rs 292 billion was made via Connect IPS. In the same period last year, a transaction of Rs 232 billion was done.     

Similarly, mobile banking this month stands at Rs 146 billion. In the same period last year, it was Rs 74.32 billion.     

Digital wallet transaction amounts to Rs 17.63 billion, while it was Rs 14.42 billion in the same month last year. (RSS)