September 30: Nepal Investment Bank Limited launched its payment gateway on the occasion of Ghatasthapana on Sunday with the aim of facilitating what the bank said is the safest and most convenient online transactions for debit/credit Visa cardholders.

According to the bank, 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, and the issuing bank.

The bank claimed that 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, the bank said in a statement.

The statement added that NIBL has been aiming to take the Nepalese banking to global standards with the development of a sound, stable and reliable system for which the payment gateway is a big step forward. Further, NIBL has announced a Visa cash-back offer of up to 25 percent for online transactions, valid on select merchants on the occasion of the launch.

NIBL has been catering to the needs of its customer from 82 branches, 122 ATMs, 15 extension counters, 10 revenue collection counters and 55 branchless banking units across the country.