November 30: Nabil Bank has launched Nabil Visa Cash Back Scheme aimed at its Visa card holders. The scheme is designed to provide 10 percent cash back as, according to the bank.
Under this scheme, any Nabil Bank Visa card holder (debit/credit/pre-paid) will get cash back of 10 percent or maximum of Rs 500 on a single successful usages of his/her card in POS or e-commerce transactions made within Nepal during the scheme period.

There will be no restrictions of minimum purchase amount, the bank said in a statement. Cash back amount earned by each card holder shall be deposited to their account (in case of debit card) or credit/pre-paid card by next working day after verification and deducting of applicable tax amount (TDS 15 percent). The bank further said that SMS alert for every cash back shall be sent to the customers in their registered mobile number.

The scheme will remain valid from November 30 to January 31, 2019.

"I believe this campaign will enhance our card holder's experience and encourage them to use the card more frequently for sales/e-com transaction and enjoy the convenience of electronic transaction. Diversion of customers from using cash as a mode of payment to card transaction more frequently will also help grow digital banking to the next level which is also in line with Government of Nepal and Nepal Rastra Bank’s objective," said CEO of Nabil Bank, Anil Keshary Shah.

Nabil Bank claimed that it 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) and Electronic Payment Gateway network. Nabil is conducting this campaign in association with Visa International.