NIC Asia Bank launched prepaid card

Kathmandu, March 30

NIC Asia Bank Ltd., has launched its prepaid card. The Bank, which has been practicing dynamic banking with the latest services and facilities, has unveiled a prepaid dollar card with the facility to pay the cost of goods and services purchased through various foreign online channels from home.

The bank has introduced prepaid cards based on US dollars in view of the information issued by Nepal Rastra Bank on the possibility of issuing convertible foreign currency prepaid cards for the purpose of paying for purchases of goods and services from abroad online. Based on the Visa card, customers will be able to make online purchases of up to US  $ 500 a year and pay in countries other than India and Bhutan.

To get the card, the customer’s KYC details will have to be PAN card along with the updated account. The bank is confident that with this facility, customers will be able to shop through the prestigious international e-commerce platform even while staying in the country. While issuing the card, the bank will charge a certain amount for the card fee and it has also made arrangements to be free when loading dollars for the first time. Arrangements have been made for the customer to load the card at a maximum of US $ 500 in a year, once or repeatedly.

The bank has been providing banking services through 352 branch offices, 471 ATMs, 75 extended counters and 80 branchless banks across the country. The bank is serving more than 22 lakh customers in the country.

The bank, which has been practicing accountable banking, has directly and indirectly disbursed about more than Rs. 2 arba 65 lakh has already been paid to the Government of Nepal. The bank has been providing its banking service in the remote areas of the country too.