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'summary' => 'September 21: Mobile banking, which is considered as a convenient medium for cashless transactions, has been growing exponentially. ',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 21: Mobile banking, which is considered as a convenient medium for cashless transactions, has been growing exponentially. The number of mobile banking users has increased significantly during recent times, according to a report published by the Nepal Rastra Bank (NRB).</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">According to the Nepal Rastra Bank, the number of mobile banking users by the end Fiscal Year 2020/21 was 1,41,94,839. The number of mobile banking users was just 1,13,60,000 in Fiscal Year 2019/20. It means that the number of mobile banking users increased by 26 percent in the last year alone.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Lately, the central bank and other financial institutions have been emphasizing on cashless transactions. For this purpose, mobile banking has been deemed as an appropriate medium. The features of mobile banking include, deposition of money into a different bank account, payment of water, electricity, internet bills, mobile recharge, booking of airline ticket, payment of insurance amount and many more. Mobile banking also offers the facility of payment via QR code.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Nepal Rastra Bank has revealed that the number of mobile banking users has reached more than that of the debit card (ATM) users. By last June, the number of ATM card users was 88,39,855, which is much lower than the number of mobile banking users.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The usage of ATM cards in Nepal started in 1994 AD (2050/51 BS). But its usage couldn’t expand further for like 27/28 years. While on the other hand, the mobile banking services have turned the tables within the few years of introduction. The initial practice of mobile banking was observed in Nepal in 2004 AD.</span></span></span></p>
<table cellspacing="0" style="border-collapse:collapse">
<tbody>
<tr>
<td colspan="2" style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:1px solid black; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><strong><span style="font-family:"Times New Roman","serif"">Number of Mobile Banking Users</span></strong></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2075</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">5086069</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2076</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">8347187</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2077</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">11306797</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2078</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">14194839</span></span></span></p>
</td>
</tr>
<tr>
<td colspan="2" style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><strong><span style="font-family:"Times New Roman","serif"">Source: Nepal Rastra Bank</span></strong></span></span></p>
</td>
</tr>
</tbody>
</table>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The Chief of NRB’s Payment System Department, Bhuvan Kandel said that the number of mobile banking users has increased lately. He also said that the usage is still on the rise.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">“Mobile banking is very easy as compared to other technologies in terms of electronic transactions. Due to this reason, its usage is expanding and being used extensively,” he said, adding, “As a whole, we feel that mobile banking has made a huge contribution to e-commerce.”</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The impact of the Covid-19 pandemic has intensified the usage of mobile banking, according to the NRB.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Kandel says that the attraction towards mobile banking has increased due to the availability of many services. While promoting electronic transactions, banks have not been promoting ATMs much lately. Experts say that the impact of mobile banking has deterred bank customers from using ATM cards. Banks say that ATM technology is outdated now.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">In a country with a geographical diversity like Nepal, it is not possible to expand ATMs everywhere. The customers have to walk for hours to reach the ATM. Therefore, NRB and bank officials say that mobile banking is now a suitable medium for business. Kandel says that after a certain period of time, technology like mobile banking could gradually replace cash transactions.</span></span></span></p>
<p> </p>
<p> </p>
<p> </p>
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'title' => 'Mobile Banking Observes Exponential Growth as User Base Reaches 14 million',
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'summary' => 'September 21: Mobile banking, which is considered as a convenient medium for cashless transactions, has been growing exponentially. ',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 21: Mobile banking, which is considered as a convenient medium for cashless transactions, has been growing exponentially. The number of mobile banking users has increased significantly during recent times, according to a report published by the Nepal Rastra Bank (NRB).</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">According to the Nepal Rastra Bank, the number of mobile banking users by the end Fiscal Year 2020/21 was 1,41,94,839. The number of mobile banking users was just 1,13,60,000 in Fiscal Year 2019/20. It means that the number of mobile banking users increased by 26 percent in the last year alone.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Lately, the central bank and other financial institutions have been emphasizing on cashless transactions. For this purpose, mobile banking has been deemed as an appropriate medium. The features of mobile banking include, deposition of money into a different bank account, payment of water, electricity, internet bills, mobile recharge, booking of airline ticket, payment of insurance amount and many more. Mobile banking also offers the facility of payment via QR code.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Nepal Rastra Bank has revealed that the number of mobile banking users has reached more than that of the debit card (ATM) users. By last June, the number of ATM card users was 88,39,855, which is much lower than the number of mobile banking users.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The usage of ATM cards in Nepal started in 1994 AD (2050/51 BS). But its usage couldn’t expand further for like 27/28 years. While on the other hand, the mobile banking services have turned the tables within the few years of introduction. The initial practice of mobile banking was observed in Nepal in 2004 AD.</span></span></span></p>
<table cellspacing="0" style="border-collapse:collapse">
<tbody>
<tr>
<td colspan="2" style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:1px solid black; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><strong><span style="font-family:"Times New Roman","serif"">Number of Mobile Banking Users</span></strong></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2075</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">5086069</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2076</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">8347187</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2077</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">11306797</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2078</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">14194839</span></span></span></p>
</td>
</tr>
<tr>
<td colspan="2" style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><strong><span style="font-family:"Times New Roman","serif"">Source: Nepal Rastra Bank</span></strong></span></span></p>
</td>
</tr>
</tbody>
</table>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The Chief of NRB’s Payment System Department, Bhuvan Kandel said that the number of mobile banking users has increased lately. He also said that the usage is still on the rise.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">“Mobile banking is very easy as compared to other technologies in terms of electronic transactions. Due to this reason, its usage is expanding and being used extensively,” he said, adding, “As a whole, we feel that mobile banking has made a huge contribution to e-commerce.”</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The impact of the Covid-19 pandemic has intensified the usage of mobile banking, according to the NRB.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Kandel says that the attraction towards mobile banking has increased due to the availability of many services. While promoting electronic transactions, banks have not been promoting ATMs much lately. Experts say that the impact of mobile banking has deterred bank customers from using ATM cards. Banks say that ATM technology is outdated now.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">In a country with a geographical diversity like Nepal, it is not possible to expand ATMs everywhere. The customers have to walk for hours to reach the ATM. Therefore, NRB and bank officials say that mobile banking is now a suitable medium for business. Kandel says that after a certain period of time, technology like mobile banking could gradually replace cash transactions.</span></span></span></p>
<p> </p>
<p> </p>
<p> </p>
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include - APP/View/Articles/view.ctp, line 115
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View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
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Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
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'id' => '13994',
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'sub_title' => '',
'summary' => 'September 21: Mobile banking, which is considered as a convenient medium for cashless transactions, has been growing exponentially. ',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 21: Mobile banking, which is considered as a convenient medium for cashless transactions, has been growing exponentially. The number of mobile banking users has increased significantly during recent times, according to a report published by the Nepal Rastra Bank (NRB).</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">According to the Nepal Rastra Bank, the number of mobile banking users by the end Fiscal Year 2020/21 was 1,41,94,839. The number of mobile banking users was just 1,13,60,000 in Fiscal Year 2019/20. It means that the number of mobile banking users increased by 26 percent in the last year alone.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Lately, the central bank and other financial institutions have been emphasizing on cashless transactions. For this purpose, mobile banking has been deemed as an appropriate medium. The features of mobile banking include, deposition of money into a different bank account, payment of water, electricity, internet bills, mobile recharge, booking of airline ticket, payment of insurance amount and many more. Mobile banking also offers the facility of payment via QR code.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Nepal Rastra Bank has revealed that the number of mobile banking users has reached more than that of the debit card (ATM) users. By last June, the number of ATM card users was 88,39,855, which is much lower than the number of mobile banking users.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The usage of ATM cards in Nepal started in 1994 AD (2050/51 BS). But its usage couldn’t expand further for like 27/28 years. While on the other hand, the mobile banking services have turned the tables within the few years of introduction. The initial practice of mobile banking was observed in Nepal in 2004 AD.</span></span></span></p>
<table cellspacing="0" style="border-collapse:collapse">
<tbody>
<tr>
<td colspan="2" style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:1px solid black; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><strong><span style="font-family:"Times New Roman","serif"">Number of Mobile Banking Users</span></strong></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2075</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">5086069</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2076</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">8347187</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2077</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">11306797</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2078</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">14194839</span></span></span></p>
</td>
</tr>
<tr>
<td colspan="2" style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><strong><span style="font-family:"Times New Roman","serif"">Source: Nepal Rastra Bank</span></strong></span></span></p>
</td>
</tr>
</tbody>
</table>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The Chief of NRB’s Payment System Department, Bhuvan Kandel said that the number of mobile banking users has increased lately. He also said that the usage is still on the rise.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">“Mobile banking is very easy as compared to other technologies in terms of electronic transactions. Due to this reason, its usage is expanding and being used extensively,” he said, adding, “As a whole, we feel that mobile banking has made a huge contribution to e-commerce.”</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The impact of the Covid-19 pandemic has intensified the usage of mobile banking, according to the NRB.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Kandel says that the attraction towards mobile banking has increased due to the availability of many services. While promoting electronic transactions, banks have not been promoting ATMs much lately. Experts say that the impact of mobile banking has deterred bank customers from using ATM cards. Banks say that ATM technology is outdated now.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">In a country with a geographical diversity like Nepal, it is not possible to expand ATMs everywhere. The customers have to walk for hours to reach the ATM. Therefore, NRB and bank officials say that mobile banking is now a suitable medium for business. Kandel says that after a certain period of time, technology like mobile banking could gradually replace cash transactions.</span></span></span></p>
<p> </p>
<p> </p>
<p> </p>
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$article = array(
'Article' => array(
'id' => '13994',
'article_category_id' => '1',
'title' => 'Mobile Banking Observes Exponential Growth as User Base Reaches 14 million',
'sub_title' => '',
'summary' => 'September 21: Mobile banking, which is considered as a convenient medium for cashless transactions, has been growing exponentially. ',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 21: Mobile banking, which is considered as a convenient medium for cashless transactions, has been growing exponentially. The number of mobile banking users has increased significantly during recent times, according to a report published by the Nepal Rastra Bank (NRB).</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">According to the Nepal Rastra Bank, the number of mobile banking users by the end Fiscal Year 2020/21 was 1,41,94,839. The number of mobile banking users was just 1,13,60,000 in Fiscal Year 2019/20. It means that the number of mobile banking users increased by 26 percent in the last year alone.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Lately, the central bank and other financial institutions have been emphasizing on cashless transactions. For this purpose, mobile banking has been deemed as an appropriate medium. The features of mobile banking include, deposition of money into a different bank account, payment of water, electricity, internet bills, mobile recharge, booking of airline ticket, payment of insurance amount and many more. Mobile banking also offers the facility of payment via QR code.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Nepal Rastra Bank has revealed that the number of mobile banking users has reached more than that of the debit card (ATM) users. By last June, the number of ATM card users was 88,39,855, which is much lower than the number of mobile banking users.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The usage of ATM cards in Nepal started in 1994 AD (2050/51 BS). But its usage couldn’t expand further for like 27/28 years. While on the other hand, the mobile banking services have turned the tables within the few years of introduction. The initial practice of mobile banking was observed in Nepal in 2004 AD.</span></span></span></p>
<table cellspacing="0" style="border-collapse:collapse">
<tbody>
<tr>
<td colspan="2" style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:1px solid black; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><strong><span style="font-family:"Times New Roman","serif"">Number of Mobile Banking Users</span></strong></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2075</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">5086069</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2076</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">8347187</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2077</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">11306797</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2078</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">14194839</span></span></span></p>
</td>
</tr>
<tr>
<td colspan="2" style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><strong><span style="font-family:"Times New Roman","serif"">Source: Nepal Rastra Bank</span></strong></span></span></p>
</td>
</tr>
</tbody>
</table>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The Chief of NRB’s Payment System Department, Bhuvan Kandel said that the number of mobile banking users has increased lately. He also said that the usage is still on the rise.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">“Mobile banking is very easy as compared to other technologies in terms of electronic transactions. Due to this reason, its usage is expanding and being used extensively,” he said, adding, “As a whole, we feel that mobile banking has made a huge contribution to e-commerce.”</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The impact of the Covid-19 pandemic has intensified the usage of mobile banking, according to the NRB.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Kandel says that the attraction towards mobile banking has increased due to the availability of many services. While promoting electronic transactions, banks have not been promoting ATMs much lately. Experts say that the impact of mobile banking has deterred bank customers from using ATM cards. Banks say that ATM technology is outdated now.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">In a country with a geographical diversity like Nepal, it is not possible to expand ATMs everywhere. The customers have to walk for hours to reach the ATM. Therefore, NRB and bank officials say that mobile banking is now a suitable medium for business. Kandel says that after a certain period of time, technology like mobile banking could gradually replace cash transactions.</span></span></span></p>
<p> </p>
<p> </p>
<p> </p>
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View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]
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'id' => '13994',
'article_category_id' => '1',
'title' => 'Mobile Banking Observes Exponential Growth as User Base Reaches 14 million',
'sub_title' => '',
'summary' => 'September 21: Mobile banking, which is considered as a convenient medium for cashless transactions, has been growing exponentially. ',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 21: Mobile banking, which is considered as a convenient medium for cashless transactions, has been growing exponentially. The number of mobile banking users has increased significantly during recent times, according to a report published by the Nepal Rastra Bank (NRB).</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">According to the Nepal Rastra Bank, the number of mobile banking users by the end Fiscal Year 2020/21 was 1,41,94,839. The number of mobile banking users was just 1,13,60,000 in Fiscal Year 2019/20. It means that the number of mobile banking users increased by 26 percent in the last year alone.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Lately, the central bank and other financial institutions have been emphasizing on cashless transactions. For this purpose, mobile banking has been deemed as an appropriate medium. The features of mobile banking include, deposition of money into a different bank account, payment of water, electricity, internet bills, mobile recharge, booking of airline ticket, payment of insurance amount and many more. Mobile banking also offers the facility of payment via QR code.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Nepal Rastra Bank has revealed that the number of mobile banking users has reached more than that of the debit card (ATM) users. By last June, the number of ATM card users was 88,39,855, which is much lower than the number of mobile banking users.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The usage of ATM cards in Nepal started in 1994 AD (2050/51 BS). But its usage couldn’t expand further for like 27/28 years. While on the other hand, the mobile banking services have turned the tables within the few years of introduction. The initial practice of mobile banking was observed in Nepal in 2004 AD.</span></span></span></p>
<table cellspacing="0" style="border-collapse:collapse">
<tbody>
<tr>
<td colspan="2" style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:1px solid black; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><strong><span style="font-family:"Times New Roman","serif"">Number of Mobile Banking Users</span></strong></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2075</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">5086069</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2076</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">8347187</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2077</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">11306797</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2078</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">14194839</span></span></span></p>
</td>
</tr>
<tr>
<td colspan="2" style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><strong><span style="font-family:"Times New Roman","serif"">Source: Nepal Rastra Bank</span></strong></span></span></p>
</td>
</tr>
</tbody>
</table>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The Chief of NRB’s Payment System Department, Bhuvan Kandel said that the number of mobile banking users has increased lately. He also said that the usage is still on the rise.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">“Mobile banking is very easy as compared to other technologies in terms of electronic transactions. Due to this reason, its usage is expanding and being used extensively,” he said, adding, “As a whole, we feel that mobile banking has made a huge contribution to e-commerce.”</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The impact of the Covid-19 pandemic has intensified the usage of mobile banking, according to the NRB.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Kandel says that the attraction towards mobile banking has increased due to the availability of many services. While promoting electronic transactions, banks have not been promoting ATMs much lately. Experts say that the impact of mobile banking has deterred bank customers from using ATM cards. Banks say that ATM technology is outdated now.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">In a country with a geographical diversity like Nepal, it is not possible to expand ATMs everywhere. The customers have to walk for hours to reach the ATM. Therefore, NRB and bank officials say that mobile banking is now a suitable medium for business. Kandel says that after a certain period of time, technology like mobile banking could gradually replace cash transactions.</span></span></span></p>
<p> </p>
<p> </p>
<p> </p>
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'title' => 'Mobile Banking Observes Exponential Growth as User Base Reaches 14 million',
'sub_title' => '',
'summary' => 'September 21: Mobile banking, which is considered as a convenient medium for cashless transactions, has been growing exponentially. ',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 21: Mobile banking, which is considered as a convenient medium for cashless transactions, has been growing exponentially. The number of mobile banking users has increased significantly during recent times, according to a report published by the Nepal Rastra Bank (NRB).</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">According to the Nepal Rastra Bank, the number of mobile banking users by the end Fiscal Year 2020/21 was 1,41,94,839. The number of mobile banking users was just 1,13,60,000 in Fiscal Year 2019/20. It means that the number of mobile banking users increased by 26 percent in the last year alone.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Lately, the central bank and other financial institutions have been emphasizing on cashless transactions. For this purpose, mobile banking has been deemed as an appropriate medium. The features of mobile banking include, deposition of money into a different bank account, payment of water, electricity, internet bills, mobile recharge, booking of airline ticket, payment of insurance amount and many more. Mobile banking also offers the facility of payment via QR code.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Nepal Rastra Bank has revealed that the number of mobile banking users has reached more than that of the debit card (ATM) users. By last June, the number of ATM card users was 88,39,855, which is much lower than the number of mobile banking users.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The usage of ATM cards in Nepal started in 1994 AD (2050/51 BS). But its usage couldn’t expand further for like 27/28 years. While on the other hand, the mobile banking services have turned the tables within the few years of introduction. The initial practice of mobile banking was observed in Nepal in 2004 AD.</span></span></span></p>
<table cellspacing="0" style="border-collapse:collapse">
<tbody>
<tr>
<td colspan="2" style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:1px solid black; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><strong><span style="font-family:"Times New Roman","serif"">Number of Mobile Banking Users</span></strong></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2075</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">5086069</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2076</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">8347187</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2077</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">11306797</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2078</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">14194839</span></span></span></p>
</td>
</tr>
<tr>
<td colspan="2" style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><strong><span style="font-family:"Times New Roman","serif"">Source: Nepal Rastra Bank</span></strong></span></span></p>
</td>
</tr>
</tbody>
</table>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The Chief of NRB’s Payment System Department, Bhuvan Kandel said that the number of mobile banking users has increased lately. He also said that the usage is still on the rise.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">“Mobile banking is very easy as compared to other technologies in terms of electronic transactions. Due to this reason, its usage is expanding and being used extensively,” he said, adding, “As a whole, we feel that mobile banking has made a huge contribution to e-commerce.”</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The impact of the Covid-19 pandemic has intensified the usage of mobile banking, according to the NRB.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Kandel says that the attraction towards mobile banking has increased due to the availability of many services. While promoting electronic transactions, banks have not been promoting ATMs much lately. Experts say that the impact of mobile banking has deterred bank customers from using ATM cards. Banks say that ATM technology is outdated now.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">In a country with a geographical diversity like Nepal, it is not possible to expand ATMs everywhere. The customers have to walk for hours to reach the ATM. Therefore, NRB and bank officials say that mobile banking is now a suitable medium for business. Kandel says that after a certain period of time, technology like mobile banking could gradually replace cash transactions.</span></span></span></p>
<p> </p>
<p> </p>
<p> </p>
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'summary' => 'September 21: Mobile banking, which is considered as a convenient medium for cashless transactions, has been growing exponentially. ',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 21: Mobile banking, which is considered as a convenient medium for cashless transactions, has been growing exponentially. The number of mobile banking users has increased significantly during recent times, according to a report published by the Nepal Rastra Bank (NRB).</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">According to the Nepal Rastra Bank, the number of mobile banking users by the end Fiscal Year 2020/21 was 1,41,94,839. The number of mobile banking users was just 1,13,60,000 in Fiscal Year 2019/20. It means that the number of mobile banking users increased by 26 percent in the last year alone.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Lately, the central bank and other financial institutions have been emphasizing on cashless transactions. For this purpose, mobile banking has been deemed as an appropriate medium. The features of mobile banking include, deposition of money into a different bank account, payment of water, electricity, internet bills, mobile recharge, booking of airline ticket, payment of insurance amount and many more. Mobile banking also offers the facility of payment via QR code.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Nepal Rastra Bank has revealed that the number of mobile banking users has reached more than that of the debit card (ATM) users. By last June, the number of ATM card users was 88,39,855, which is much lower than the number of mobile banking users.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The usage of ATM cards in Nepal started in 1994 AD (2050/51 BS). But its usage couldn’t expand further for like 27/28 years. While on the other hand, the mobile banking services have turned the tables within the few years of introduction. The initial practice of mobile banking was observed in Nepal in 2004 AD.</span></span></span></p>
<table cellspacing="0" style="border-collapse:collapse">
<tbody>
<tr>
<td colspan="2" style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:1px solid black; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><strong><span style="font-family:"Times New Roman","serif"">Number of Mobile Banking Users</span></strong></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2075</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">5086069</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2076</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">8347187</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2077</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">11306797</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2078</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">14194839</span></span></span></p>
</td>
</tr>
<tr>
<td colspan="2" style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><strong><span style="font-family:"Times New Roman","serif"">Source: Nepal Rastra Bank</span></strong></span></span></p>
</td>
</tr>
</tbody>
</table>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The Chief of NRB’s Payment System Department, Bhuvan Kandel said that the number of mobile banking users has increased lately. He also said that the usage is still on the rise.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">“Mobile banking is very easy as compared to other technologies in terms of electronic transactions. Due to this reason, its usage is expanding and being used extensively,” he said, adding, “As a whole, we feel that mobile banking has made a huge contribution to e-commerce.”</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The impact of the Covid-19 pandemic has intensified the usage of mobile banking, according to the NRB.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Kandel says that the attraction towards mobile banking has increased due to the availability of many services. While promoting electronic transactions, banks have not been promoting ATMs much lately. Experts say that the impact of mobile banking has deterred bank customers from using ATM cards. Banks say that ATM technology is outdated now.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">In a country with a geographical diversity like Nepal, it is not possible to expand ATMs everywhere. The customers have to walk for hours to reach the ATM. Therefore, NRB and bank officials say that mobile banking is now a suitable medium for business. Kandel says that after a certain period of time, technology like mobile banking could gradually replace cash transactions.</span></span></span></p>
<p> </p>
<p> </p>
<p> </p>
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'summary' => 'September 21: Mobile banking, which is considered as a convenient medium for cashless transactions, has been growing exponentially. ',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 21: Mobile banking, which is considered as a convenient medium for cashless transactions, has been growing exponentially. The number of mobile banking users has increased significantly during recent times, according to a report published by the Nepal Rastra Bank (NRB).</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">According to the Nepal Rastra Bank, the number of mobile banking users by the end Fiscal Year 2020/21 was 1,41,94,839. The number of mobile banking users was just 1,13,60,000 in Fiscal Year 2019/20. It means that the number of mobile banking users increased by 26 percent in the last year alone.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Lately, the central bank and other financial institutions have been emphasizing on cashless transactions. For this purpose, mobile banking has been deemed as an appropriate medium. The features of mobile banking include, deposition of money into a different bank account, payment of water, electricity, internet bills, mobile recharge, booking of airline ticket, payment of insurance amount and many more. Mobile banking also offers the facility of payment via QR code.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Nepal Rastra Bank has revealed that the number of mobile banking users has reached more than that of the debit card (ATM) users. By last June, the number of ATM card users was 88,39,855, which is much lower than the number of mobile banking users.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The usage of ATM cards in Nepal started in 1994 AD (2050/51 BS). But its usage couldn’t expand further for like 27/28 years. While on the other hand, the mobile banking services have turned the tables within the few years of introduction. The initial practice of mobile banking was observed in Nepal in 2004 AD.</span></span></span></p>
<table cellspacing="0" style="border-collapse:collapse">
<tbody>
<tr>
<td colspan="2" style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:1px solid black; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><strong><span style="font-family:"Times New Roman","serif"">Number of Mobile Banking Users</span></strong></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2075</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">5086069</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2076</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">8347187</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2077</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">11306797</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2078</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">14194839</span></span></span></p>
</td>
</tr>
<tr>
<td colspan="2" style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><strong><span style="font-family:"Times New Roman","serif"">Source: Nepal Rastra Bank</span></strong></span></span></p>
</td>
</tr>
</tbody>
</table>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The Chief of NRB’s Payment System Department, Bhuvan Kandel said that the number of mobile banking users has increased lately. He also said that the usage is still on the rise.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">“Mobile banking is very easy as compared to other technologies in terms of electronic transactions. Due to this reason, its usage is expanding and being used extensively,” he said, adding, “As a whole, we feel that mobile banking has made a huge contribution to e-commerce.”</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The impact of the Covid-19 pandemic has intensified the usage of mobile banking, according to the NRB.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Kandel says that the attraction towards mobile banking has increased due to the availability of many services. While promoting electronic transactions, banks have not been promoting ATMs much lately. Experts say that the impact of mobile banking has deterred bank customers from using ATM cards. Banks say that ATM technology is outdated now.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">In a country with a geographical diversity like Nepal, it is not possible to expand ATMs everywhere. The customers have to walk for hours to reach the ATM. Therefore, NRB and bank officials say that mobile banking is now a suitable medium for business. Kandel says that after a certain period of time, technology like mobile banking could gradually replace cash transactions.</span></span></span></p>
<p> </p>
<p> </p>
<p> </p>
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September 21: Mobile banking, which is considered as a convenient medium for cashless transactions, has been growing exponentially. The number of mobile banking users has increased significantly during recent times, according to a report published by the Nepal Rastra Bank (NRB).
According to the Nepal Rastra Bank, the number of mobile banking users by the end Fiscal Year 2020/21 was 1,41,94,839. The number of mobile banking users was just 1,13,60,000 in Fiscal Year 2019/20. It means that the number of mobile banking users increased by 26 percent in the last year alone.
Lately, the central bank and other financial institutions have been emphasizing on cashless transactions. For this purpose, mobile banking has been deemed as an appropriate medium. The features of mobile banking include, deposition of money into a different bank account, payment of water, electricity, internet bills, mobile recharge, booking of airline ticket, payment of insurance amount and many more. Mobile banking also offers the facility of payment via QR code.
Nepal Rastra Bank has revealed that the number of mobile banking users has reached more than that of the debit card (ATM) users. By last June, the number of ATM card users was 88,39,855, which is much lower than the number of mobile banking users.
The usage of ATM cards in Nepal started in 1994 AD (2050/51 BS). But its usage couldn’t expand further for like 27/28 years. While on the other hand, the mobile banking services have turned the tables within the few years of introduction. The initial practice of mobile banking was observed in Nepal in 2004 AD.
Number of Mobile Banking Users
By June 2075
5086069
By June 2076
8347187
By June 2077
11306797
By June 2078
14194839
Source: Nepal Rastra Bank
The Chief of NRB’s Payment System Department, Bhuvan Kandel said that the number of mobile banking users has increased lately. He also said that the usage is still on the rise.
“Mobile banking is very easy as compared to other technologies in terms of electronic transactions. Due to this reason, its usage is expanding and being used extensively,” he said, adding, “As a whole, we feel that mobile banking has made a huge contribution to e-commerce.”
The impact of the Covid-19 pandemic has intensified the usage of mobile banking, according to the NRB.
Kandel says that the attraction towards mobile banking has increased due to the availability of many services. While promoting electronic transactions, banks have not been promoting ATMs much lately. Experts say that the impact of mobile banking has deterred bank customers from using ATM cards. Banks say that ATM technology is outdated now.
In a country with a geographical diversity like Nepal, it is not possible to expand ATMs everywhere. The customers have to walk for hours to reach the ATM. Therefore, NRB and bank officials say that mobile banking is now a suitable medium for business. Kandel says that after a certain period of time, technology like mobile banking could gradually replace cash transactions.
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'title' => 'Mobile Banking Observes Exponential Growth as User Base Reaches 14 million',
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'summary' => 'September 21: Mobile banking, which is considered as a convenient medium for cashless transactions, has been growing exponentially. ',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 21: Mobile banking, which is considered as a convenient medium for cashless transactions, has been growing exponentially. The number of mobile banking users has increased significantly during recent times, according to a report published by the Nepal Rastra Bank (NRB).</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">According to the Nepal Rastra Bank, the number of mobile banking users by the end Fiscal Year 2020/21 was 1,41,94,839. The number of mobile banking users was just 1,13,60,000 in Fiscal Year 2019/20. It means that the number of mobile banking users increased by 26 percent in the last year alone.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Lately, the central bank and other financial institutions have been emphasizing on cashless transactions. For this purpose, mobile banking has been deemed as an appropriate medium. The features of mobile banking include, deposition of money into a different bank account, payment of water, electricity, internet bills, mobile recharge, booking of airline ticket, payment of insurance amount and many more. Mobile banking also offers the facility of payment via QR code.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Nepal Rastra Bank has revealed that the number of mobile banking users has reached more than that of the debit card (ATM) users. By last June, the number of ATM card users was 88,39,855, which is much lower than the number of mobile banking users.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The usage of ATM cards in Nepal started in 1994 AD (2050/51 BS). But its usage couldn’t expand further for like 27/28 years. While on the other hand, the mobile banking services have turned the tables within the few years of introduction. The initial practice of mobile banking was observed in Nepal in 2004 AD.</span></span></span></p>
<table cellspacing="0" style="border-collapse:collapse">
<tbody>
<tr>
<td colspan="2" style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:1px solid black; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><strong><span style="font-family:"Times New Roman","serif"">Number of Mobile Banking Users</span></strong></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2075</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">5086069</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2076</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">8347187</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2077</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">11306797</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2078</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">14194839</span></span></span></p>
</td>
</tr>
<tr>
<td colspan="2" style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><strong><span style="font-family:"Times New Roman","serif"">Source: Nepal Rastra Bank</span></strong></span></span></p>
</td>
</tr>
</tbody>
</table>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The Chief of NRB’s Payment System Department, Bhuvan Kandel said that the number of mobile banking users has increased lately. He also said that the usage is still on the rise.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">“Mobile banking is very easy as compared to other technologies in terms of electronic transactions. Due to this reason, its usage is expanding and being used extensively,” he said, adding, “As a whole, we feel that mobile banking has made a huge contribution to e-commerce.”</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The impact of the Covid-19 pandemic has intensified the usage of mobile banking, according to the NRB.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Kandel says that the attraction towards mobile banking has increased due to the availability of many services. While promoting electronic transactions, banks have not been promoting ATMs much lately. Experts say that the impact of mobile banking has deterred bank customers from using ATM cards. Banks say that ATM technology is outdated now.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">In a country with a geographical diversity like Nepal, it is not possible to expand ATMs everywhere. The customers have to walk for hours to reach the ATM. Therefore, NRB and bank officials say that mobile banking is now a suitable medium for business. Kandel says that after a certain period of time, technology like mobile banking could gradually replace cash transactions.</span></span></span></p>
<p> </p>
<p> </p>
<p> </p>
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'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 21: Mobile banking, which is considered as a convenient medium for cashless transactions, has been growing exponentially. The number of mobile banking users has increased significantly during recent times, according to a report published by the Nepal Rastra Bank (NRB).</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">According to the Nepal Rastra Bank, the number of mobile banking users by the end Fiscal Year 2020/21 was 1,41,94,839. The number of mobile banking users was just 1,13,60,000 in Fiscal Year 2019/20. It means that the number of mobile banking users increased by 26 percent in the last year alone.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Lately, the central bank and other financial institutions have been emphasizing on cashless transactions. For this purpose, mobile banking has been deemed as an appropriate medium. The features of mobile banking include, deposition of money into a different bank account, payment of water, electricity, internet bills, mobile recharge, booking of airline ticket, payment of insurance amount and many more. Mobile banking also offers the facility of payment via QR code.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Nepal Rastra Bank has revealed that the number of mobile banking users has reached more than that of the debit card (ATM) users. By last June, the number of ATM card users was 88,39,855, which is much lower than the number of mobile banking users.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The usage of ATM cards in Nepal started in 1994 AD (2050/51 BS). But its usage couldn’t expand further for like 27/28 years. While on the other hand, the mobile banking services have turned the tables within the few years of introduction. The initial practice of mobile banking was observed in Nepal in 2004 AD.</span></span></span></p>
<table cellspacing="0" style="border-collapse:collapse">
<tbody>
<tr>
<td colspan="2" style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:1px solid black; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><strong><span style="font-family:"Times New Roman","serif"">Number of Mobile Banking Users</span></strong></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2075</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">5086069</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2076</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">8347187</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2077</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">11306797</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2078</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">14194839</span></span></span></p>
</td>
</tr>
<tr>
<td colspan="2" style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><strong><span style="font-family:"Times New Roman","serif"">Source: Nepal Rastra Bank</span></strong></span></span></p>
</td>
</tr>
</tbody>
</table>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The Chief of NRB’s Payment System Department, Bhuvan Kandel said that the number of mobile banking users has increased lately. He also said that the usage is still on the rise.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">“Mobile banking is very easy as compared to other technologies in terms of electronic transactions. Due to this reason, its usage is expanding and being used extensively,” he said, adding, “As a whole, we feel that mobile banking has made a huge contribution to e-commerce.”</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The impact of the Covid-19 pandemic has intensified the usage of mobile banking, according to the NRB.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Kandel says that the attraction towards mobile banking has increased due to the availability of many services. While promoting electronic transactions, banks have not been promoting ATMs much lately. Experts say that the impact of mobile banking has deterred bank customers from using ATM cards. Banks say that ATM technology is outdated now.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">In a country with a geographical diversity like Nepal, it is not possible to expand ATMs everywhere. The customers have to walk for hours to reach the ATM. Therefore, NRB and bank officials say that mobile banking is now a suitable medium for business. Kandel says that after a certain period of time, technology like mobile banking could gradually replace cash transactions.</span></span></span></p>
<p> </p>
<p> </p>
<p> </p>
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]
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'id' => '13994',
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'title' => 'Mobile Banking Observes Exponential Growth as User Base Reaches 14 million',
'sub_title' => '',
'summary' => 'September 21: Mobile banking, which is considered as a convenient medium for cashless transactions, has been growing exponentially. ',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 21: Mobile banking, which is considered as a convenient medium for cashless transactions, has been growing exponentially. The number of mobile banking users has increased significantly during recent times, according to a report published by the Nepal Rastra Bank (NRB).</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">According to the Nepal Rastra Bank, the number of mobile banking users by the end Fiscal Year 2020/21 was 1,41,94,839. The number of mobile banking users was just 1,13,60,000 in Fiscal Year 2019/20. It means that the number of mobile banking users increased by 26 percent in the last year alone.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Lately, the central bank and other financial institutions have been emphasizing on cashless transactions. For this purpose, mobile banking has been deemed as an appropriate medium. The features of mobile banking include, deposition of money into a different bank account, payment of water, electricity, internet bills, mobile recharge, booking of airline ticket, payment of insurance amount and many more. Mobile banking also offers the facility of payment via QR code.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Nepal Rastra Bank has revealed that the number of mobile banking users has reached more than that of the debit card (ATM) users. By last June, the number of ATM card users was 88,39,855, which is much lower than the number of mobile banking users.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The usage of ATM cards in Nepal started in 1994 AD (2050/51 BS). But its usage couldn’t expand further for like 27/28 years. While on the other hand, the mobile banking services have turned the tables within the few years of introduction. The initial practice of mobile banking was observed in Nepal in 2004 AD.</span></span></span></p>
<table cellspacing="0" style="border-collapse:collapse">
<tbody>
<tr>
<td colspan="2" style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:1px solid black; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><strong><span style="font-family:"Times New Roman","serif"">Number of Mobile Banking Users</span></strong></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2075</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">5086069</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2076</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">8347187</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2077</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">11306797</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2078</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">14194839</span></span></span></p>
</td>
</tr>
<tr>
<td colspan="2" style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><strong><span style="font-family:"Times New Roman","serif"">Source: Nepal Rastra Bank</span></strong></span></span></p>
</td>
</tr>
</tbody>
</table>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The Chief of NRB’s Payment System Department, Bhuvan Kandel said that the number of mobile banking users has increased lately. He also said that the usage is still on the rise.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">“Mobile banking is very easy as compared to other technologies in terms of electronic transactions. Due to this reason, its usage is expanding and being used extensively,” he said, adding, “As a whole, we feel that mobile banking has made a huge contribution to e-commerce.”</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The impact of the Covid-19 pandemic has intensified the usage of mobile banking, according to the NRB.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Kandel says that the attraction towards mobile banking has increased due to the availability of many services. While promoting electronic transactions, banks have not been promoting ATMs much lately. Experts say that the impact of mobile banking has deterred bank customers from using ATM cards. Banks say that ATM technology is outdated now.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">In a country with a geographical diversity like Nepal, it is not possible to expand ATMs everywhere. The customers have to walk for hours to reach the ATM. Therefore, NRB and bank officials say that mobile banking is now a suitable medium for business. Kandel says that after a certain period of time, technology like mobile banking could gradually replace cash transactions.</span></span></span></p>
<p> </p>
<p> </p>
<p> </p>
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'title' => 'Mobile Banking Observes Exponential Growth as User Base Reaches 14 million',
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'summary' => 'September 21: Mobile banking, which is considered as a convenient medium for cashless transactions, has been growing exponentially. ',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 21: Mobile banking, which is considered as a convenient medium for cashless transactions, has been growing exponentially. The number of mobile banking users has increased significantly during recent times, according to a report published by the Nepal Rastra Bank (NRB).</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">According to the Nepal Rastra Bank, the number of mobile banking users by the end Fiscal Year 2020/21 was 1,41,94,839. The number of mobile banking users was just 1,13,60,000 in Fiscal Year 2019/20. It means that the number of mobile banking users increased by 26 percent in the last year alone.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Lately, the central bank and other financial institutions have been emphasizing on cashless transactions. For this purpose, mobile banking has been deemed as an appropriate medium. The features of mobile banking include, deposition of money into a different bank account, payment of water, electricity, internet bills, mobile recharge, booking of airline ticket, payment of insurance amount and many more. Mobile banking also offers the facility of payment via QR code.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Nepal Rastra Bank has revealed that the number of mobile banking users has reached more than that of the debit card (ATM) users. By last June, the number of ATM card users was 88,39,855, which is much lower than the number of mobile banking users.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The usage of ATM cards in Nepal started in 1994 AD (2050/51 BS). But its usage couldn’t expand further for like 27/28 years. While on the other hand, the mobile banking services have turned the tables within the few years of introduction. The initial practice of mobile banking was observed in Nepal in 2004 AD.</span></span></span></p>
<table cellspacing="0" style="border-collapse:collapse">
<tbody>
<tr>
<td colspan="2" style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:1px solid black; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><strong><span style="font-family:"Times New Roman","serif"">Number of Mobile Banking Users</span></strong></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2075</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">5086069</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2076</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">8347187</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2077</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">11306797</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2078</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">14194839</span></span></span></p>
</td>
</tr>
<tr>
<td colspan="2" style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><strong><span style="font-family:"Times New Roman","serif"">Source: Nepal Rastra Bank</span></strong></span></span></p>
</td>
</tr>
</tbody>
</table>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The Chief of NRB’s Payment System Department, Bhuvan Kandel said that the number of mobile banking users has increased lately. He also said that the usage is still on the rise.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">“Mobile banking is very easy as compared to other technologies in terms of electronic transactions. Due to this reason, its usage is expanding and being used extensively,” he said, adding, “As a whole, we feel that mobile banking has made a huge contribution to e-commerce.”</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The impact of the Covid-19 pandemic has intensified the usage of mobile banking, according to the NRB.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Kandel says that the attraction towards mobile banking has increased due to the availability of many services. While promoting electronic transactions, banks have not been promoting ATMs much lately. Experts say that the impact of mobile banking has deterred bank customers from using ATM cards. Banks say that ATM technology is outdated now.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">In a country with a geographical diversity like Nepal, it is not possible to expand ATMs everywhere. The customers have to walk for hours to reach the ATM. Therefore, NRB and bank officials say that mobile banking is now a suitable medium for business. Kandel says that after a certain period of time, technology like mobile banking could gradually replace cash transactions.</span></span></span></p>
<p> </p>
<p> </p>
<p> </p>
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'summary' => 'September 21: Mobile banking, which is considered as a convenient medium for cashless transactions, has been growing exponentially. ',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 21: Mobile banking, which is considered as a convenient medium for cashless transactions, has been growing exponentially. The number of mobile banking users has increased significantly during recent times, according to a report published by the Nepal Rastra Bank (NRB).</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">According to the Nepal Rastra Bank, the number of mobile banking users by the end Fiscal Year 2020/21 was 1,41,94,839. The number of mobile banking users was just 1,13,60,000 in Fiscal Year 2019/20. It means that the number of mobile banking users increased by 26 percent in the last year alone.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Lately, the central bank and other financial institutions have been emphasizing on cashless transactions. For this purpose, mobile banking has been deemed as an appropriate medium. The features of mobile banking include, deposition of money into a different bank account, payment of water, electricity, internet bills, mobile recharge, booking of airline ticket, payment of insurance amount and many more. Mobile banking also offers the facility of payment via QR code.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Nepal Rastra Bank has revealed that the number of mobile banking users has reached more than that of the debit card (ATM) users. By last June, the number of ATM card users was 88,39,855, which is much lower than the number of mobile banking users.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The usage of ATM cards in Nepal started in 1994 AD (2050/51 BS). But its usage couldn’t expand further for like 27/28 years. While on the other hand, the mobile banking services have turned the tables within the few years of introduction. The initial practice of mobile banking was observed in Nepal in 2004 AD.</span></span></span></p>
<table cellspacing="0" style="border-collapse:collapse">
<tbody>
<tr>
<td colspan="2" style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:1px solid black; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><strong><span style="font-family:"Times New Roman","serif"">Number of Mobile Banking Users</span></strong></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2075</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">5086069</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2076</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">8347187</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2077</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">11306797</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2078</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">14194839</span></span></span></p>
</td>
</tr>
<tr>
<td colspan="2" style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><strong><span style="font-family:"Times New Roman","serif"">Source: Nepal Rastra Bank</span></strong></span></span></p>
</td>
</tr>
</tbody>
</table>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The Chief of NRB’s Payment System Department, Bhuvan Kandel said that the number of mobile banking users has increased lately. He also said that the usage is still on the rise.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">“Mobile banking is very easy as compared to other technologies in terms of electronic transactions. Due to this reason, its usage is expanding and being used extensively,” he said, adding, “As a whole, we feel that mobile banking has made a huge contribution to e-commerce.”</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The impact of the Covid-19 pandemic has intensified the usage of mobile banking, according to the NRB.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Kandel says that the attraction towards mobile banking has increased due to the availability of many services. While promoting electronic transactions, banks have not been promoting ATMs much lately. Experts say that the impact of mobile banking has deterred bank customers from using ATM cards. Banks say that ATM technology is outdated now.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">In a country with a geographical diversity like Nepal, it is not possible to expand ATMs everywhere. The customers have to walk for hours to reach the ATM. Therefore, NRB and bank officials say that mobile banking is now a suitable medium for business. Kandel says that after a certain period of time, technology like mobile banking could gradually replace cash transactions.</span></span></span></p>
<p> </p>
<p> </p>
<p> </p>
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'title' => 'Mobile Banking Observes Exponential Growth as User Base Reaches 14 million',
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'summary' => 'September 21: Mobile banking, which is considered as a convenient medium for cashless transactions, has been growing exponentially. ',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 21: Mobile banking, which is considered as a convenient medium for cashless transactions, has been growing exponentially. The number of mobile banking users has increased significantly during recent times, according to a report published by the Nepal Rastra Bank (NRB).</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">According to the Nepal Rastra Bank, the number of mobile banking users by the end Fiscal Year 2020/21 was 1,41,94,839. The number of mobile banking users was just 1,13,60,000 in Fiscal Year 2019/20. It means that the number of mobile banking users increased by 26 percent in the last year alone.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Lately, the central bank and other financial institutions have been emphasizing on cashless transactions. For this purpose, mobile banking has been deemed as an appropriate medium. The features of mobile banking include, deposition of money into a different bank account, payment of water, electricity, internet bills, mobile recharge, booking of airline ticket, payment of insurance amount and many more. Mobile banking also offers the facility of payment via QR code.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Nepal Rastra Bank has revealed that the number of mobile banking users has reached more than that of the debit card (ATM) users. By last June, the number of ATM card users was 88,39,855, which is much lower than the number of mobile banking users.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The usage of ATM cards in Nepal started in 1994 AD (2050/51 BS). But its usage couldn’t expand further for like 27/28 years. While on the other hand, the mobile banking services have turned the tables within the few years of introduction. The initial practice of mobile banking was observed in Nepal in 2004 AD.</span></span></span></p>
<table cellspacing="0" style="border-collapse:collapse">
<tbody>
<tr>
<td colspan="2" style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:1px solid black; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><strong><span style="font-family:"Times New Roman","serif"">Number of Mobile Banking Users</span></strong></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2075</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">5086069</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2076</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">8347187</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2077</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">11306797</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2078</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">14194839</span></span></span></p>
</td>
</tr>
<tr>
<td colspan="2" style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><strong><span style="font-family:"Times New Roman","serif"">Source: Nepal Rastra Bank</span></strong></span></span></p>
</td>
</tr>
</tbody>
</table>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The Chief of NRB’s Payment System Department, Bhuvan Kandel said that the number of mobile banking users has increased lately. He also said that the usage is still on the rise.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">“Mobile banking is very easy as compared to other technologies in terms of electronic transactions. Due to this reason, its usage is expanding and being used extensively,” he said, adding, “As a whole, we feel that mobile banking has made a huge contribution to e-commerce.”</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The impact of the Covid-19 pandemic has intensified the usage of mobile banking, according to the NRB.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Kandel says that the attraction towards mobile banking has increased due to the availability of many services. While promoting electronic transactions, banks have not been promoting ATMs much lately. Experts say that the impact of mobile banking has deterred bank customers from using ATM cards. Banks say that ATM technology is outdated now.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">In a country with a geographical diversity like Nepal, it is not possible to expand ATMs everywhere. The customers have to walk for hours to reach the ATM. Therefore, NRB and bank officials say that mobile banking is now a suitable medium for business. Kandel says that after a certain period of time, technology like mobile banking could gradually replace cash transactions.</span></span></span></p>
<p> </p>
<p> </p>
<p> </p>
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include - APP/View/Elements/side_bar.ctp, line 133
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]
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'summary' => 'September 21: Mobile banking, which is considered as a convenient medium for cashless transactions, has been growing exponentially. ',
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<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">According to the Nepal Rastra Bank, the number of mobile banking users by the end Fiscal Year 2020/21 was 1,41,94,839. The number of mobile banking users was just 1,13,60,000 in Fiscal Year 2019/20. It means that the number of mobile banking users increased by 26 percent in the last year alone.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Lately, the central bank and other financial institutions have been emphasizing on cashless transactions. For this purpose, mobile banking has been deemed as an appropriate medium. The features of mobile banking include, deposition of money into a different bank account, payment of water, electricity, internet bills, mobile recharge, booking of airline ticket, payment of insurance amount and many more. Mobile banking also offers the facility of payment via QR code.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Nepal Rastra Bank has revealed that the number of mobile banking users has reached more than that of the debit card (ATM) users. By last June, the number of ATM card users was 88,39,855, which is much lower than the number of mobile banking users.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The usage of ATM cards in Nepal started in 1994 AD (2050/51 BS). But its usage couldn’t expand further for like 27/28 years. While on the other hand, the mobile banking services have turned the tables within the few years of introduction. The initial practice of mobile banking was observed in Nepal in 2004 AD.</span></span></span></p>
<table cellspacing="0" style="border-collapse:collapse">
<tbody>
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<td colspan="2" style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:1px solid black; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><strong><span style="font-family:"Times New Roman","serif"">Number of Mobile Banking Users</span></strong></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2075</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">5086069</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2076</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">8347187</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2077</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">11306797</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2078</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">14194839</span></span></span></p>
</td>
</tr>
<tr>
<td colspan="2" style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><strong><span style="font-family:"Times New Roman","serif"">Source: Nepal Rastra Bank</span></strong></span></span></p>
</td>
</tr>
</tbody>
</table>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The Chief of NRB’s Payment System Department, Bhuvan Kandel said that the number of mobile banking users has increased lately. He also said that the usage is still on the rise.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">“Mobile banking is very easy as compared to other technologies in terms of electronic transactions. Due to this reason, its usage is expanding and being used extensively,” he said, adding, “As a whole, we feel that mobile banking has made a huge contribution to e-commerce.”</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The impact of the Covid-19 pandemic has intensified the usage of mobile banking, according to the NRB.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Kandel says that the attraction towards mobile banking has increased due to the availability of many services. While promoting electronic transactions, banks have not been promoting ATMs much lately. Experts say that the impact of mobile banking has deterred bank customers from using ATM cards. Banks say that ATM technology is outdated now.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">In a country with a geographical diversity like Nepal, it is not possible to expand ATMs everywhere. The customers have to walk for hours to reach the ATM. Therefore, NRB and bank officials say that mobile banking is now a suitable medium for business. Kandel says that after a certain period of time, technology like mobile banking could gradually replace cash transactions.</span></span></span></p>
<p> </p>
<p> </p>
<p> </p>
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$article = array(
'Article' => array(
'id' => '13994',
'article_category_id' => '1',
'title' => 'Mobile Banking Observes Exponential Growth as User Base Reaches 14 million',
'sub_title' => '',
'summary' => 'September 21: Mobile banking, which is considered as a convenient medium for cashless transactions, has been growing exponentially. ',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 21: Mobile banking, which is considered as a convenient medium for cashless transactions, has been growing exponentially. The number of mobile banking users has increased significantly during recent times, according to a report published by the Nepal Rastra Bank (NRB).</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">According to the Nepal Rastra Bank, the number of mobile banking users by the end Fiscal Year 2020/21 was 1,41,94,839. The number of mobile banking users was just 1,13,60,000 in Fiscal Year 2019/20. It means that the number of mobile banking users increased by 26 percent in the last year alone.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Lately, the central bank and other financial institutions have been emphasizing on cashless transactions. For this purpose, mobile banking has been deemed as an appropriate medium. The features of mobile banking include, deposition of money into a different bank account, payment of water, electricity, internet bills, mobile recharge, booking of airline ticket, payment of insurance amount and many more. Mobile banking also offers the facility of payment via QR code.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Nepal Rastra Bank has revealed that the number of mobile banking users has reached more than that of the debit card (ATM) users. By last June, the number of ATM card users was 88,39,855, which is much lower than the number of mobile banking users.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The usage of ATM cards in Nepal started in 1994 AD (2050/51 BS). But its usage couldn’t expand further for like 27/28 years. While on the other hand, the mobile banking services have turned the tables within the few years of introduction. The initial practice of mobile banking was observed in Nepal in 2004 AD.</span></span></span></p>
<table cellspacing="0" style="border-collapse:collapse">
<tbody>
<tr>
<td colspan="2" style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:1px solid black; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><strong><span style="font-family:"Times New Roman","serif"">Number of Mobile Banking Users</span></strong></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2075</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">5086069</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2076</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">8347187</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2077</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">11306797</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">By June 2078</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">14194839</span></span></span></p>
</td>
</tr>
<tr>
<td colspan="2" style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; height:32px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><strong><span style="font-family:"Times New Roman","serif"">Source: Nepal Rastra Bank</span></strong></span></span></p>
</td>
</tr>
</tbody>
</table>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The Chief of NRB’s Payment System Department, Bhuvan Kandel said that the number of mobile banking users has increased lately. He also said that the usage is still on the rise.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">“Mobile banking is very easy as compared to other technologies in terms of electronic transactions. Due to this reason, its usage is expanding and being used extensively,” he said, adding, “As a whole, we feel that mobile banking has made a huge contribution to e-commerce.”</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The impact of the Covid-19 pandemic has intensified the usage of mobile banking, according to the NRB.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Kandel says that the attraction towards mobile banking has increased due to the availability of many services. While promoting electronic transactions, banks have not been promoting ATMs much lately. Experts say that the impact of mobile banking has deterred bank customers from using ATM cards. Banks say that ATM technology is outdated now.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">In a country with a geographical diversity like Nepal, it is not possible to expand ATMs everywhere. The customers have to walk for hours to reach the ATM. Therefore, NRB and bank officials say that mobile banking is now a suitable medium for business. Kandel says that after a certain period of time, technology like mobile banking could gradually replace cash transactions.</span></span></span></p>
<p> </p>
<p> </p>
<p> </p>
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'article_date' => '2021-09-21 14:12:26',
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'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
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'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
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'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
