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Over the past ten years, Nepal's digital financial landscape has seen substantial change. These days, we can bank digitally with ease from anywhere in the world using our phones. Today, two out of three adults can access their bank account through their phone. Digital banking is now more accessible than ever in Nepal since so many financial institutions have integrated mobile banking apps as a result of the widespread acceptance of digital banking. Digital payments have also seen a rise with 70% of businesses in the country being equipped to accept payments digitally. This is a sign of the expansion of digital finance in Nepal.
With people realizing the benefits of digital banking, Nepal has succeeded in becoming one of the fastest growing South Asian countries in digital finance adoption, with a 20% adoption rate. On that note, to keep up the pace and ensure even greater outreach so that more people can enjoy the benefit of digital banking, Use Mobile Banking is determined in its aim of democratizing financial services. Hence, we have started a campaign to promote digital banking in this year, 2081, in collaboration with our partner financial institutions, called the ‘Digital 81’ initiative. The intention of this initiative, which will run throughout the year of 2081, is to make sure that a greater number of Nepalis are made aware about digital banking and may benefit from the rapid and simple services provided by it. We want everyone to know that digital banking in Nepal can now be started with a snap (ekkasi), no worries and full of convenience.
The road to digital banking is full of advantages with:
Faster Payments with Mobile Banking:
Instantaneous transfers and payments are made possible by mobile banking apps, which accelerate and improve the efficiency of financial transactions.
Banking Around-the-Clock:
Manage your accounts anytime anywhere, whether you're at home or on the road. All customers can benefit from the flexibility and convenience of 24/7 mobile banking services.
Safe and Secure Transactions:
Mobile banking apps secure your personal information and transactions with strong security measures such as two factor authentication.
Handle Money While on the Go:
Mobile banking apps offer a full range of financial management tools, from monitoring your account balance to making money transfers.
How to Begin Using Mobile Banking?
The process of activating a mobile banking account in Nepal is easy to follow and requires little effort. But foremost you must already have a bank account. Then you must:
Download Mobile Banking App: Go to the app store on your smartphone, look for and download the mobile banking app from your bank.
Register a mobile banking account: To create an account and register, adhere to the directions provided on the app.
Set up Mobile Banking: After setting up your account, you can use the app to check your balance, make transfers, bill payments, and such.
Get Started with Mobile Banking : Easily transfer money, pay bills, and manage personal finances.
Find out more on getting started with Mobile Banking in Nepal in depth with: Unleashing the Power of Mobile Banking: Your Step-by-step Guide to Registration and Log-in - Use Mobile Banking
