October 11: Nepal Investment Bank Ltd (NIBL), in partnership with Mastercard, has introduced NIBL Mastercard for seamless, safe and secure domestic and international digital payment solutions for the bank’s customers, according to the bank.
The bank said in a statement that its customers will receive a waiver of issuance fee as well as attractive cash backs for the first three months as a part of the launch offer.
“With a customer base of over 900,000, NIBL is among the top three banks in the country in payments space. We are excited to announce our partnership with Mastercard as it will allow NIBL to provide domestic and international debit payment solutions to our customers, along with attractive offers and discounts. We look forward to working with all our network banks for a successful venture with Mastercard in Nepal,” said NIBL Chairman Prithivi Bahadur Pande during the launch on Wednesday, October 10.
Vikas Varma of Mastercard said, “Nepal has witnessed a robust growth in electronic payments in the last few years. Mastercard’s partnership with NIBL to launch a bouquet of payment solutions will play an important role in further accelerating digital payments in the region.”