Key Highlights for Asoj 2081

Expansion of Payment Infrastructure

• ATM Machines: The number of ATM terminals reached 5,220, a steady increase from the previous months.
• Debit Cards: Circulation rose to 13.16 million, while credit cards reached 275,474, underlining the sustained reliance on card-based payments.
• Wallet Users: Crossed an impressive milestone of 28.92 million, showcasing the growing adoption of mobile wallets for transactions.

Rise in Digital Transactions

• Mobile Banking: A staggering 44.04 million transactions were conducted via mobile banking apps, handling NPR 401.24 million.
• Wallet Payments: Wallet-based payments recorded 28.92 million transactions, contributing NPR 40.55 million in value.
• QR-Based Transactions: QR payments surged to 20.49 million transactions, reflecting NPR 70.43 million, solidifying their place in the digital ecosystem.

High-Value Transactions on the Rise

• RTGS (Real-Time Gross Settlement): Processed NPR 4.68 billion in high-value transactions, maintaining its pivotal role in large-value settlements.
• Internet Banking: Handled 355,939 transactions, transferring NPR 17.27 million, reflecting a balanced mix of utility and convenience.

Key Notes: Year-on-Year Comparison (Asoj 2080 vs. Asoj 2081)

The growth trajectory from Asoj 2080 (Mid-October 2023) to Asoj 2081 (Mid-October 2024) highlights significant progress across digital payment systems:

Conclusion

The year-on-year changes demonstrate Nepal’s accelerating shift towards digital payment ecosystems. The robust growth in mobile banking, wallets, and QR-based payments underscores their growing importance in daily financial transactions. While physical infrastructure, such as ATMs, shows gradual growth, the rapid digital transformation indicates a promising future for financial inclusivity.

Stay tuned for further insights as Nepal’s payment systems continue to evolve and shape the nation’s financial landscape.