The digital financial services (DFS) landscape in Nepal is changing, as the Nepal Rastra Bank (NRB) starts issuing licences to non-bank payment service providers (PSPs). Non-banks are actively engaging to set up agent networks and develop partnerships to co-create products, and many mainstream financial
institutions are investing in new digital channels to deepen their services. To further enable growth in the market, NRB is working on various policy initiatives, viz. the National Retail Payment Strategy, and investing in an e-mapping system to track market progress. At the same time, the Government is working to digitize the social benefits of 2.3 million people. These combined efforts and an openness by market players to invest and innovate will be key to drive the market forward.
#UNCDF #NRB #DFS #MM4P #PSP #NEPALECONOMY #NEPALANNUALMONITOR #2016
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Publisher:
UNCDF , MM4P
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(2016
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Type / Script:
Annual Report
in English
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Keywords:
BANK , BANKING , BANKING SYSTEMS , FINANCE , FINANCIAL INSTITUTIONS , DIGITAL TECHNOLOGY , DIGITAL TECHNIQUES , ELECTRONIC FUNDS TRANSFER , DIGITAL CASH, DIGITAL CURRENCY , DIGITAL MONEY , ELECTRONIC MONEY , ELECTRONIC BANKING , ELECTRONIC MONEY SYSTEMS , ELECTRONIC PAYMENTS SYSTEMS , TELEBANKING , ELECTRONIC COMMERCE , INFORMATION TECHNOLOGY ,ECONOMIC SYSTEM , ECONOMIC DEVELOPMENT , ECONOMIC GROWTH
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Thematic Group:
UNCDF
:
Capital Development
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Thesaurus:
02.11.00
- Banking And Investment
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Reference Link:
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