The Banking and Financial Institutions of Nepal have become a major sector influenced by increasing digitization and digital technologies. This has also been reflected by the Payment Systems Oversight Report of Nepal Rastra Bank, according to which, an average of over 3 million transactions are being carried out through Connect IPS each month. Similarly, 13.5 million mobile banking transactions, 13.3 million mobile wallet transactions, and 1.7 million QR-based payments are carried out on an average each month. Few banks have also initiated Digital Lending Services and the Central Bank has also issued guidelines on Digital Lending.
While digital transactions undoubtedly enable BFIs to provide quick and cost-effective services to their customers, the platforms are not free from associated risks and challenges. Therefore, it becomes paramount for all to understand the contemporary global trends and challenges in the digital ecosystem.
The conference will focus on addressing upcoming issues such as Open Banking, Digital Lending, Central Bank DIgital Currency, etc., for leveraging the understanding of changing dynamics of data and information. The program shall highlight paper presentations from eminent National as well as International speakers, regulators and a panel discussion with industry experts which will provide the participants an opportunity to put up their queries.
