Kathmandu, April 11 -- In the past three fiscal years, the total number of digital payment transactions has increased by 43.5 percent. The total transaction value grew by an average 23.7 percent over the years, according to a central bank report.

The report, titled "Major Activities and Achievements of the Nepal Rastra Bank 2020-2025", published last Friday shows that from the fiscal year 2021-22 to FY2023-24, QR code-based payments saw an average annual increase of 230 percent in transaction volume. In terms of transaction value, QR payments grew 210 percent year on year.

The report attributes the sharp rise to increased access to digital payment platforms, which has significantly boosted the use of digital payment methods.

"This indi...