How safe is Nepal's digital banking transactions?
How safe is Nepal's digital banking transactions? More than a thousand complaints of digital financing fraud, i.e. fraud through digital payments, are registered in Nepal every year. There has been an increase in frauds saying "We are calling you from the bank". There is also a problem of accessing the customer's account by asking for OTP of mobile banking or digital wallet and withdrawing money. From time to time, the police and banks and financial institutions are also publishing awareness-raising information to avoid such frauds. To further strengthen the security of digital banking, they are also adopting measures such as Two Factor Authentication (2FA), 3D Secure, secure use of passwords and PINs, Secure Sockets Layer (SSL). However, such incidents have not decreased. From the ATM cards we use to online banking, opening online accounts, all activities fall under digital banking. Digital banking has made banking facilities faster, safer and more accessible. Howev...