KATHMANDU, Sept 15: Prime Minister KP Sharma Oli has initiated discussions with relevant authorities to eliminate fees on small digital transactions. The move follows numerous public complaints, primarily shared through Facebook, regarding the costs linked to mobile banking and digital transfers.
In a Facebook post, PM Oli recognized that many Nepalis have become accustomed to cashless transactions for daily financial activities. He expressed concern over the additional fees charged for small transactions, stating, "Most of us now transfer money digitally, and these extra charges are burdening the public."
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The Prime Minister encouraged the public to share their concerns with the government, promising action. "Keep nudging us, and we will continue to address these issues," Oli wrote.
Citing an example, Oli referred to a complaint from Abin BK of Jajarkot, who said he spends Rs 2,000 to Rs 2,200 monthly on transaction fees alone, with a charge of Rs 11.30 per transfer. Abin shared, "I make daily transactions of Rs 50 to Rs 100, about 5-6 times a day, and the fees are eating into my budget."
Currently, mobile banking fees for digital transfers range from Rs 4.52 to Rs 22.60 per transaction, with additional charges for interbank transfers and utility payments. Since the COVID-19 pandemic, these fees have risen as more people switched to digital transactions. Oli highlighted his commitment to addressing the issue by collaborating with the relevant authorities to potentially make small digital transactions free of charge.
