The Evolution of Nepali Banking: A Journey Through Seven Milestones

Kathmandu. Today, any Nepali citizen can transfer lakhs of rupees in seconds by simply swiping their finger on a smartphone. Paying at a store by scanning a QR code or withdrawing and depositing money from a bank account at any time is no longer a novelty.It is now possible to deposit money using machines, not just withdraw it. The arrival of banking services to this stage has involved Nepali banking navigating through significant ups and downs. In the recent past, banking in Nepal was quite difficult. From having to wait for 3 to 4 hours after taking a token at...