A new record in mobile banking transactions, up 291 percent year-on-year


While the transaction through internet banking is decreasing, the payment through mobile banking has increased. Mobile banking transactions have increased by 291 percent in the last financial year.

According to the financial statement of the last financial year published by Nepal Rastra Bank, mobile banking transactions reached 73.72 billion 99 million rupees in the month of June. While in the same period of the previous year, the mobile banking transaction was 18 billion 839 million rupees.

In this way, it is seen that there has been an increase of 291 percent in mobile banking transactions in a year. With the lockdown and banks reducing their physical presence as much as possible due to the corona infection, mobile banking transactions have increased. Mobile banking transactions have increased rapidly every month of the last financial year.

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