QR uses rise three-folds in two year
Summary
QR-based digital transactions have tripled in two years in Nepal, with 72.4 million transactions recorded in a month and Rs 164.42 billion transacted through QR in the first month of the current fiscal year. The growth reflects wider adoption across shops, restaurants, retail, transport and other services.
Key Points
- QR-based digital transactions in Nepal have increased three-fold over the past two years.
- Nepal Rastra Bank recorded 72,438,302 QR transactions between mid-July and mid-August, up from 40,236,413 a year earlier and 20,825,615 two years ago.
- Rs 164.42 billion was transacted through QR in the first month of the current fiscal year.
- QR payment use is expanding across shops, restaurants, retail, transportation and services.
