Electronic payments to be further facilitated
Nepal Rastra Bank has said that it will enable payments via electronic means in order to prevent financial manipulation.
KATHMANDU: Electronic payment will be made easier in regions where there is a high volume of clients.
Nepal Rastra Bank (NRB) has said that it will enable payments via electronic means in order to prevent financial manipulation.
From then, a more methodical objective of income collection was established.
According to the Nepal Rastra Bank’s monetary policy for the current fiscal year, ‘at the principal offices where public services are offered, the use of electronic payment devices shall be facilitated for revenue collection.’
As a result, the Central Bank will go on with additional work based on the prior research on the issuing of electronic currency.
According to the current year’s monetary policy, the method of importing foreign money via electronic means will be made more effective for exporting services such as information technology.
The monetary policy states that the smooth operation of transactions carried out by organizations participating in electronic payments will be in accordance with the ‘Principle of Financial Market Infrastructure,’ and that the arrangement will be made through this bank’s system.
