NRB Deputy Governor Digital Finance: Nepal’s Fintech Future Is Secure And Expanding
18th July 2025, Kathmandu
Deputy Governor of Nepal Rastra Bank (NRB), Bam Bahadur Mishra, has affirmed that Nepal’s digital payment system is both secure and user-friendly. Speaking at a merger event between IME Pay and Khalti, he highlighted the robust growth and reach of digital financial services across Nepal.
NRB Deputy Governor Digital Finance
At the event held at Yak & Yeti Hotel in Kathmandu, Mishra stated that digital payments are no longer confined to the capital. The services have expanded smoothly even to remote corners of the country. He emphasized that the digital ecosystem in Nepal is growing with ease of access and increased public trust.
According to him, this expansion proves the resilience and inclusiveness of Nepal’s fintech sector.
“Nepal’s digital payment services are extremely safe and seamless,” he said. “They have reached all corners of the country, not just Kathmandu.”
Khalti and IME Pay Merger Welcomed
While congratulating the IME Pay-Khalti merger, Mishra expressed his best wishes for their joint venture. He also advised the management of both companies to ensure fair treatment of employees during the integration process.
“Post-merger conflicts should be avoided,” Mishra noted. “The senior leadership must ensure there’s no discrimination or injustice among staff from both sides.”
This merger is viewed as a major milestone in Nepal’s fintech consolidation journey, enhancing digital service delivery.
Government and NRB Pushing Digital Framework
Mishra added that NRB, in coordination with the Government of Nepal, is working actively to transition more government services to digital platforms. This includes utility payments, tax collections, and other necessary government transactions.
“The central bank has already started groundwork to enable digital payments for government services,” he added. “Our mutual understanding with the government is strong.”
This shift aligns with Nepal’s national digital framework, aiming to digitize key sectors and improve transparency in financial operations.
Digital Payments Promote Transparency
Deputy Governor Mishra highlighted that digital payments promote financial transparency and accountability. That is why NRB is prioritizing this sector under its monetary and payment system reforms.
“Digital transactions are inherently more transparent,” he said. “That’s why we need to continue expanding this route.”
He called on financial institutions to embrace modern payment infrastructures, as they foster trust, reduce corruption, and streamline transactions.
Mergers Must Ensure Fairness And Sustainability
While advocating for more strategic mergers in the banking and fintech sectors, Mishra cautioned institutions not to create a divide among employees post-merger.
“Often, employees from one institution feel sidelined after a merger,” he said. “This must be prevented at all costs.”
He stressed the importance of maintaining organizational unity, fairness, and clear communication to avoid internal disputes.
Business Models Must Be Sustainable
Mishra also emphasized the need for a sustainable business model in the digital finance sector. He remarked that providing free services forever is not a viable strategy for fintech companies.
“No business can survive on free services alone,” Mishra asserted. “It’s time for clarity on how this sector will sustain itself.”
He encouraged stakeholders to have open discussions on revenue models, pricing, and innovation, especially post-merger.
Visionary Leadership Praised
Mishra lauded Chandra Dhakal for his visionary leadership in Nepal’s financial sector. He acknowledged Dhakal’s consistent support for meaningful mergers and alignment with NRB’s regulatory framework.
“Chandra Dhakal is a proven leader who aligns institutional goals with national interests,” he said.
Conclusion
Nepal Rastra Bank’s Deputy Governor Bam Bahadur Mishra’s remarks highlight the growing confidence in Nepal’s digital payment system. With support from both the government and private players, the country is moving steadily toward a cashless, transparent, and inclusive economy. The IME Pay and Khalti merger marks another step in this digital journey.
For more:- NRB Deputy Governor Digital Finance
