Nepal Rastra Bank's Payment Systems Department releases 2021/22 Payment System Oversight Report

Nepal Rastra Bank's Payment Systems Department has published the "Payment System Oversight Report, 2021/22", which highlights the development of Nepalese payment systems and the oversight activities undertaken by the PSD to ensure their efficiency, safety, and health. The report emphasizes the central role of payment systems in economic activity and the financial sector and highlights the global trend towards cashless payments and digital financial services, which has been further accelerated by the COVID-19 pandemic. The report also emphasizes the importance of central bank oversight to promote safety and efficiency by monitoring existing and planned payment systems and ensuring the smooth functioning of domestic and cross-border payment systems through appropriate oversight.

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