Sustainable Growth of Digital Nepal Framework
Summary
Nepal is advancing its digital economy through enhanced telecommunication infrastructure, expanding 4G and future 5G services, and integrating digital technology across sectors like tourism and finance. Financial payment systems are growing with mobile banking and digital wallets dominating market share, while cybersecurity remains a critical challenge.
Key Points
- Nepal is expanding its telecommunication services to support sustainable digital economic growth, with high mobile and internet penetration and plans to optimize 5G.
- The government promotes digital integration in sectors like tourism, agriculture, health, education, banking, and energy to boost productivity and national interests.
- Financial Technology is rapidly developing with diverse payment modes including mobile banking (38.63% market share) and digital wallets (36.2%), supported by a National Payment Board for regulation and security.
- Cyber-enabled fraud and cybercrime pose significant risks to the payment ecosystem, requiring strong risk management and institutional reforms for mitigation.
