ICT Frame

Impact of the COVID-19 Outbreak on Digital Payments in Nepal

digital payments due to COVID-19

23 December 2020, Kathmandu

Electronic payments in the financial sector have increased due to Covid-19

Electronic payments have increased. The administrative and financial status of the current fiscal year has been released by Nepal Rastra Bank for four months. The Central Bank says that the significant increase in electronic payment transactions is due to infrastructure development, electronic payment transactions, incentives, and increased public use practices for electronic payment devices.

                               Table: Electronic Payment Transactions
  Number of transactions            Transaction amount

(Rs.1 Million)