NIC Asia launches Mastercard Issuance service

NIC Asia Bank has launched a Mastercard issuance service to strengthen the payment system. A Mastercard can be used as a debit card and is available at all branch offices of the bank. “State-of-the-art security technology (EMV Chip) and contactless technology have also been implemented,” says the bank. “VIP customers can enjoy POS and e-commerce payments, as well as ATM withdrawals in Nepal, India, and Bhutan with this card.”

The bank is confident that this collaboration with Mastercard, as it strives to establish itself as a ‘digital-first’ bank, will significantly elevate Nepal’s banking sector. Previously, NIC Asia Bank provided card banking services exclusively through VISA cards.