By A Staff Reporter
Kathmandu, Dec. 26: Use of Quick Response (QR) code payment has been launched at the Naxal Vegetable and Fruit Market since Friday.
Governor of the Nepal Rastra Bank (NRB) Maha Prasad Adhikari inaugurated the news technology-enabled payment system at the market with a purchase of vegetable and scanning QR code for the payment. “The central bank will expand this facility across the country as a campaign. It will contribute to making the entire economy technology-friendly,” he said.
He said that the service would promote cashless payments and help in economic and social transformation of the country. According to him, the payment through QR code scan is increased in recent months and has witnessed about 30 per cent increment in such transactions each month.
The NRB is ready to promote and facilitate the QR code-based transactions so the banks and financial institutions should make preparations for it, he said.
President of Nepal Bankers Association Bhuwan Dahal said that the BFIs were elated with the campaign for QR code based payments and were ready to collaborate with the central bank in the promotion and expansion of the service.
Chair of the Naxal Vegetable and Fruit Market Management Committee Bishnu Sapkota stated that the market had entered into technology-friendly environment with the application of QR code.
The QR code based payment in the market is launched in cooperation with Sanima Bank.