Nepal, a landlocked country in South Asia known for its stunning Himalayan peaks, has a financial system that is transitioning towards digitalization. While cash remains dominant, the adoption of digital payments, mobile banking, and online transactions is increasing. However, Nepal’s financial system faces challenges in terms of infrastructure development and financial literacy. Nepal’s payment system relies significantly on cash, especially in rural areas and informal markets. Credit and debit card usage is growing, mainly in urban areas and larger businesses. Mobile money services (eSewa, IME Pay) have been expanding rapidly, driving improved financial inclusion. Online banking and electronic transfers are developing but face challenges in reaching wider segments of the population, mainly due to infrastructure limitations and varying levels of digital literacy.
Estimated Population
30.3 million
Currency
Nepalese rupee (NPR)
All supported payment methods for Nepal:
Visa, Mastercard, American Express, JCB, UnionPay International, Discover, Diners Club, Apple Pay, Google Pay, PayPal, Maestro
