Global IME Bank launches Global Payment Gateway, enabling its merchants to receive payment from both national and international Visa and Master Cards. The prominent commercial bank launched its payment gateway in cooperation with Nepal Clearing House Limited (NCHL).
The payment system comes at a time when many banks and financial institutions are also bringing their own system for receiving payments. It said that its payment facility will promote e-commerce transactions.
The Global Payment Gateway will enable the bank’s merchants to expand their businesses and easily receive payments from home and abroad. In particular, businesses such as travel and tour agencies, hotels, airlines, hospitals, etc., that conduct e-commerce transactions will benefit from the Global Payment Gateway.
The system uses 3D secure technology; transactions will be more secure.
In the last few years, various banks and financial institutions have expanded payment facility which also accommodates international payment. From cross-border Nepal-India payment to Visa and Master Card payment, BFIs’ initiatives have helped both Nepali merchants and foreigners with transaction promoting digital transaction and digital economy.