Over Rs 4.90 trillion transacted via online platforms in the past two months

Published On: October 22, 2022 07:15 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, Oct 22: Transactions via electronic online platforms have been surging in recent days.

According to ‘Current Macroeconomic and Financial Situation of Nepal’ unveiled by Nepal Rastra Bank (NRB), over Rs 4.90 trillion was transacted through the online platforms including Connect IPS, mobile banking, wallets, internet banking and QR code, among others, during mid-July and mid-September.

According to NRB, transactions through the Connect IPS were recorded at Rs 292 billion last month alone, up from Rs 232 billion in the same period last year. Likewise, the transaction via mobile banking last month was Rs 146.14 billion, almost double the amount in the review period last year.

During mid-August and mid-September, wallet based transactions were Rs 17.63 billion compared to Rs 14.42 billion in the one month’s time last year. Likewise, the people carried out transactions worth Rs 15.02 billion, almost three times more in the review month. 


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