93% of the school fees were paid on cash in the past year 87% of the utility bills were paid on cash in the past year Only 4% of the adult population received their wages into a financial institution account
Tag: Nepal Rastra Bank
The status of Financial Institutions in Nepal
The Financial Institutions in Nepal mainly comprises of the Central Bank which is better known as the Nepal Rastra Bank, the commercial banks, development banks, finance companies, and micro-credit development banks. The Nepalese financial system development has a very recent history, starting
Monetary Policy of Nepal being prepared with special focus on Mobile Banking
Monetary Policy of Nepal for the new fiscal year will focus on Mobile Banking, Nepal Rastra Bank Governor Chiranjibi Nepal has said. Addressing a discussion program organized by Management Association of Nepal (MAN), he also mentioned that the monetary policy
Financial Inclusion in Nepal
Financial Inclusion refers to people, regardless of their social or economic background, having access to a wide range of financial services through formal financial institutions. These services, at the very basic level, start with opening a deposit account or a
Financial Inclusion: Where does Nepal stand?
Have you ever wondered what it would be like if you didn’t have a bank account? How would you transfer money? What about loans and credit? Would you carry Lakhs and Crores of Rupees with you in case you had
Access To Banking In Nepal: Commercial Banks Reach 666 Local Levels
Nepal Rastra Bank, the central bank of Nepal has informed that commercial banks have reached to 666 local levels, increasing the access to banking in Nepal. There are a total of 753 local levels (municipalities and rural municipalities) in Nepal. It means,
NRB brings new regulations for digital transactions in Nepal, sets Rs 25,000 monthly cap for payments using digital wallets
Nepal Rastra Bank (NRB), the central bank of Nepal has issued a new directive imposing ceilings on digital transactions in Nepal. Deputy governor of Nepal Rastra Bank, Chintamani Siwakoti informed that new regulations have been brought in considering all sectors concerned
What to look for Mobile Payment trends in Nepal in 2075 BS?
Digital transformation is disrupting the payments space! Mobile payment in Nepal is set to soar in 2075!! The mobile payment method in Nepal has seen a sharp rise in the past year. 2075 BS is going to be an exciting
वित्तीय साक्षरता : अर्थ र आवश्यकता
पछिल्ला वर्षहरूमा विश्व आर्थिक क्षेत्रमा वित्तीय समावेशीकरण र वित्तीय साक्षरताको विषयले ठूलो चर्चा एवम् महत्त्व पाउन थालेको छ । वित्तीय समावेशीकरणको सामान्य अर्थ सबैका लागि वित्तीय सेवा भन्ने हुन्छ । प्रत्येक नागरिकलाई सुलभ तरिकाले वित्तीय सेवाको पहुँच पुर्याउनु नै वित्तीय