Mobile banking turnover so far, 182 percent growth in 11 months

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Mobile banking turnover so far, 182 percent growth in 11 months

While the literacy of digital payments is increasing, the mobile banking business has remained high till now.

According to the data released by Nepal Rastra Bank for the first 11 months of the current fiscal year, mobile banking has generated a turnover of Rs 53.16 billion. This is the highest turnover ever.

The previous bank had a turnover of Rs 48.88 billion in May. It has increased by 8 percent in one month.

In the first 11 months of the current fiscal year, it has increased by 182 percent.

In the first month of this year, the turnover of mobile banking was Rs. 18.83 billion. In 11 months, it increased by 182 percent to Rs 53 billion. Mobile banking seems to be growing steadily throughout the year.

Banks and financial institutions are trying to do mobile banking business. Mobile banks have skyrocketed over the past year as corona infections have increased. Banks are unveiling their new digital platforms and adding new features.

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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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