First Business News Portal in English from Nepal
KATHMANDU: Financial transactions through online means, including Quick Response (QR) codes, mobile wallets and internet banking have been skyrocketing in the recent months.
As per Nepal Rastra Bank (NRB), transactions through QR codes surged over Rs 5 billion, along with a record high number of 1.3 million transactions, in the first month of the current fiscal year. In the previous month, a total amount of Rs 3.50 billion was transacted through 850,000 times of trading via the QR platform.
Similarly, mobile wallet-based transactions also posted record high transactions during mid-July and mid-August this year. Through more than 13.15 million transactions, the total amount of transactions stood at Rs 14 billion during one month period. In the previous month, there was trading of Rs 1.27 billion through 12.50 million transactions.
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