General increase in mobile wallet turnover during the year, 12 billion 800 million payments in July

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General increase in mobile wallet turnover during the year, 12 billion 800 million payments in July

Although mobile wallets seem to be working hard on digital payments, their business growth has been modest in the last financial year.

They have increased their turnover by 25 percent in the last fiscal year. According to the financial statement of the last fiscal year made public by Nepal Rastra Bank, the turnover of mobile wallet has reached Rs. 12.79 billion in the last month of July. This is the highest in the last financial year.

This amount is 25 percent more than the same period last year. In July of the previous year, the turnover from Wallet was Rs. 10.22 billion.

In the first month of the last fiscal year, the turnover was Rs. 7.57 billion, which reached Rs. 12.79 billion in the last month.

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Rabins Sharma Lamichhane

Rabins Sharma Lamichhane is the owner of RabinsXP who is constantly working for increasing the Internet of Things (IoT) in Nepal. He also builds android apps and crafts beautiful websites. He is also working with various social services. The main aim of Lamichhane is to digitally empower the citizens of Nepal and make the world spiritually sound better both in terms of technology and personal development. Rabins is also the first initiator of Digital Nepal.

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