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Mobile Banking at a Glimpse
Mobile banking has surged in popularity in recent years, thanks to its added convenience and ease. Its growth has been unparalleled due to its simplification of access to financial services. A noticeable trend in recent years is the increasing use of mobile banking for bill payments and fund transfers. Presently, a substantial portion of Nepal's population relies on mobile banking, with a significant portion of those users belonging to the F1Soft Network.
Registered Users of Falgun 2080
Mobile Banking In Comparison
The widespread availability of mobile banking and Fonepay QR (Nepal’s Largest Payment Gateway) each with a user base of 20 million+, offers greater accessibility compared to other electronic payment methods like POS machines and debit cards. This expanded access enhances the accessibility of mobile banking, making it a favorable option for managing finances.
See how mobile banking fares as compared to other means of electronic payments
QR Based Payment vs Pos User
Mobile Banking Customer vs Wallet User
Mobile Banking Customer vs Debit Card User
What’s happening in the F1Soft Network?
Playing a key role in Nepal’s digital ecosystem, the F1Soft network encompasses a wide array of banks, contributing to nearly 80% of the country’s digital transactions. Its widespread presence underscores its influence in shaping the economy of the country.
Transaction in Mobile Banking - Count of Falgun 2080
With mobile services thriving, the most popular transactions through mobile banking include mobile top-ups. Moreover, the user base of mobile banking can be seen to be on a consistent rise, with an average of 8,084 people registering for mobile banking daily.