Kathmandu. Nabil Bank Limited has launched the ‘Nabil Virtual Credit Card’ with an aim to make the digital banking experience of its customers more easy, secure and modern. The virtual credit card launched on October 29 can be availed and used through the bank’s Nbank app.

According to the bank, customers will now be able to apply for and get a virtual credit card through the ‘Apply Now’ option on the homepage of the NBANK app without the need to go through the paperwork and other formal hassles related to traditional credit cards. They will also be able to use it for various digital transactions required on a daily basis.

Available in a completely digital form, this credit card is designed to provide customers with the opportunity to use credit facilities quickly, securely, and hassle-free. Through this, customers will be able to get a credit card from their mobile banking app and carry out daily transactions safely and smoothly.

The bank has already pre-approved eligible customers through its own data-based analytics system. Eligible customers will be able to see the ‘Apply Now’ option automatically on the app’s homepage. The virtual credit card can be used for QR-based payments through PhonePe merchant QR.

Nabil Bank believes that the ‘Nabil Virtual Credit Card’ will be a significant milestone in Nepal’s digital banking journey. Developed keeping in mind the growing customer demand for digital financial services, this card is expected to provide customers with a secure, simple, and seamless payment experience.

A memorandum of understanding (MoU) was signed between Nabil Bank Limited and FonePay Payment Services Limited on Wednesday. With this collaboration, customers will be able to transact securely, smoothly and seamlessly across various merchant establishments that accept payments through PhonePe Merchant QR through virtual credit cards.

Addressing the MoU signing ceremony, Mr. Manoj Kumar Gyawali, Chief Executive Officer, Nabil Bank reiterated the Bank’s continuous commitment towards innovation and customer-centric banking solutions. He expressed his confidence that the launch of the Nabil Virtual Credit Card reflects the bank’s strategic vision to accelerate digital transformation and will further strengthen the Bank’s efforts to provide advanced financial solutions to meet the changing needs and expectations of today’s customers.

CEO Gyawali said, “Customer’s ease is our priority. We are constantly working towards providing banking services to our customers without having to visit a bank branch as much as possible. The Nabil Virtual Credit Card is an important part of that effort. ”

Nabil Bank has been leading the digital banking sector by developing technology-friendly and customer-oriented financial solutions. The bank will continue to expand its innovative digital services in the coming days with the aim of making financial access, convenience, and experience more effective for customers.

Nabil Bank has been providing services through 316 ATMs with a network of 262 branches across the country. The bank has been providing banking services to more than 28 lakh customers and is confident that it will move forward in collaboration with all its stakeholders. The bank, which has been providing quality banking services for the last four decades, has recently adopted the concept of sustainable banking and launched Nbank for digital banking.