Question

what are the necessity of E banking and its present condition in nepal?

Answer 1

$<p style="color:yellow;font-family:cursive;background :black;font-size:25px;">.Internet banking can create a whole new set of customers who do not have access to formal banking at present. Mobile phones provide penetration and an entry into a customer segment thatbanks could not earlier reach, ultimately increasing access tobanking and financial inclusion inNepal.</p>$

Answer 2

Answer:

Internet banking/ebanking is an electronic payment system that enables customers of a bank or financial institution to conduct a range of financial transactions through the financial institution’s website. Using internet banking, you can obtain your account balances, a list of recent transactions, various utility bill payments, and funds transfers between a customer’s or another’s accounts. You can access all these facilities from anywhere and anytime using mobile or computer. It’s less time consuming, and very safe and secure.

Kumari Bank was the initiator of internet banking in Nepal. It started its e-banking services in 2002. Since then, internet banking in Nepal has grown by leaps and bounds. Also, Nepali banks have become hugely proactive to promote internet banking and electronic payments.

In a country like Nepal having difficult topographical terrain, internet banking acts as an easy medium to reach out to the customers in the hinterlands.

Explanation:

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