KATHMANDU, May 17: The online transactions have taken pace after the country started facing disruption on in-person trading due to risk of the coronavirus infection.
According to Nepal Rastra Bank (NRB), transactions worth more than Rs 7.87 billion were carried out through various e-commerce platforms during the first nine months of the current fiscal year. The amount was recorded for 1,140,956 transactions made through the online system.
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The online transactions started to flourish mainly after the government enforced a nationwide lockdown for the first time on March 24, 2020 to contain further spread of COVID-19. It is gaining popularity in the ongoing crisis of the second wave of the pandemic disease, according to NRB officials.
According to NRB, online transactions worth Rs 1.05 billion were recorded in a single month from mid-March to mid-April this year.
