Nepal Investment Bank launched own payment gateway

September 30, 2019 | Investopaper

Marking the auspicious occasion of Ghatasthapana, Nepal Investment Bank Limited has launched their payment gateway with the aim of facilitating the safest and most convenient online transactions for debit/credit Visa cardholders.

The payment gateway facilitates real-time payment transaction by the transfer of information between a merchant’s payment portal (website, etc.), the acquiring bank, card interchanges like Visa, etc. and the issuing bank. The transaction data is protected using a highly secured encryption and other multiple safety features ensuring reliability on the systems for the users. Merchants can now sell goods and services all over the world whereas the cardholders can shop online 24/7 on e-commerce sites for purchasing goods and services securely.

NIBL has been aiming to take the Nepalese banking to global standards with a sound, stable and reliable systems development in accordance to their efficiency based operational grounds, for which they claim that the payment gateway is a leap forward. Further, NIBL has announced a Visa Cash Back Offer of up to 25% for online transactions, valid on select merchants on the occasion of the launch.

NIBL has been catering its customer from 82 branches, 122 ATMs, 15 extension counters, 10 revenue collection counters and 55 branchless banking counters. The bank, being the recipient of five Bank of the Year awards for exemplary service and business, was accredited with Euromoney awards for “Best Bank 2018” from the international publication – Euromoney.



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