October 23: With growing access to technology, digital payment is on the rise in Nepal of late. The digital transaction which gained pace during the COVID-19 pandemic has continued to rise till date. Nepal Rastra Bank (NRB) has also encouraged people for the electronic payment.    
The latest record shared by NRB shows that in the second month (mid-August to mid-September) of the current fiscal year alone, transaction of more than Rs 4900 billion was done via electronic medium.    
According to the central bank, the transaction worth Rs 292 billion was made via Connect IPS. In the same period last year, the transaction of Rs 232 billion was done.     
Similarly, transactions through mobile banking in the review month stood at Rs 146 billion. In the same period last year, it was Rs 74.32 billion.    
Digital wallet transaction amounts to Rs 17.63 billion, while it was Rs 14.42 billion in the corresponding period of last fiscal year. -- RSS