Going digital

Digitalisation should enhance the quality of our lives, not hinder our existence.

Following the advent of the internet and particularly the growing use of smartphones that support various applications, digital payments have proliferated. Traditional cash payment operations have been losing steam for a while, and the Covid-19 pandemic only accelerated the pace of change toward digitalisation. Nepal, too, seems to have found its footing, but at a slower pace in the global shift towards digitalisation. As per the figures from the central bank, digital payments swelled by 18 percent year-on-year and crossed the Rs6 trillion mark in the last fiscal year, which points to growing acceptance of the electronic payment system.