Central bank to facilitate digital payments

Published On: July 23, 2023 05:01 PM NPT By: Republica  | @RepublicaNepal


Central bank to facilitate digital payments

KATHMANDU, July 23: The Nepal Rastra Bank (NRB) will offer additional facilitation in digital payments in a bid to stop financial anomalies and facilitate revenue collection, according to the Monetary Policy for the current fiscal year, 2023/24 unveiled today.

"Revenue collection will be facilitated by maximally utilizing the digital payment system by the offices offering public services," it has been said.

On the introduction of the digital currency, additional work would be carried out based on a study on the matter. Similarly, the inflow of foreign currencies by exporting services including information technology would be made more effective, said the policy.

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