KATHMANDU, Sept 27: The frequency of QR based digital transactions grew by three-folds in the past two years, with a large number of people adopting the payment platform for their daily economic activities.
The records with Nepal Rastra Bank (NRB) show that a total of 72,438,302 QR transactions were recorded in one month between mid-July and mid-August. During the same period last year, the number of such transactions stood at 40,236,413, while in the previous year it was 20,825,615. Over the two-year period, the transaction number increased by more than 50 million.
One object with numerous beneficial uses
With the expansion of QR-based payment facilities across shops, restaurants, the retail sector, transportation, and various services, the use of this method for small, everyday payments is on the rise. In the first month of the current fiscal year, a total of Rs 164.42 billion were transacted through QR.
