Nabil Bank Launches NFC enabled contactless cards and POS terminals; Simply tap and make payment incontactless enabled POS terminals without inserting your cards now 

Nabil Bank has launched contactless (NFC – Near Field Communication) based payment. The bank has brought contactless payment through cards and POS terminals very first time in the country. This is a milestone not only in the history of Nabil Bank, but, also to our Nation, claims the bank.

Contactless is "tap and pay" – very convenient way of payment, as customer can use their card in contactless enabled POS terminal without inserting cards.

When one NFC-enabled device is close enough to another NFC device, a connection can be established and data shared between them. For example, when a customer taps card on a contactless card reader or while using a transport card to catch a train or bus. In both the cases, the card communicates data to the reader to initiate and complete the transaction using NFC technology.

"Since we have launched EMV based cards and POS, it has brought significant benefits where it has been implemented, demonstrating impressive levels of fraud reduction, as well as providing a technology platform that supports innovation and value-added services. In addition, contactless technology enables the best possible consumer payment experience and provides an opportunity to grow card usage by displacing cash transactions.” said CEO of Nabil Bank, Mr. Anil Keshary Shah.

Nabil Bank is a pioneering principal member of Visa International, MasterCard International and UnionPay International in Nepal and issues debit, pre-paid and credit cards and acquires card transactions through its ATM, Point of Sales (POS) & Electronic Payment Gateway network.

Nabil Bank has been providing secured and convenient way of payment to its customers through EMV (Chip) based card and acquiring platform, along with 3D Secure enabled e-commerce (online shopping) services.