Nabil Bank bagged ‘‘Ambitions and Development” Asian award

KATHMANDU: Nabil Bank has bagged the ‘Ambitions and Development: For consistent growth and introduction of new services in the country’ award during TUX Asia 2023 held at Siem Reap, Cambodia.

Compass Plus Technologies rewarded Nabil Bank for its consistent and continuous upgrade in new technologies for a better banking experience.

Sergey Putenikhin, Vice President, Eastern Joint Regional Directorate Managing Director of Compass Plus presented the award to Ganesh Prasad Awasthi, Chief Operating Officer, Nabil Bank during the program held on August 18, 2023.

The program was witnessed by international delegates participated from different countries like India, Bangladesh, Cambodia, Malaysia and others.

“It is our honor to get this prestigious international award for our innovative digital banking services that we have introduced in Nepal,” said Gyanendra Prasad Dhungana, Chief Executive Officer, Nabil Bank. Stating that this award has motivated the bank, he further said, “We have introduced many international digital banking services in new emerging markets like Nepal. This recognition surely encourages us to further work on to making customers’ experience seamless in digital banking.”

Nabil Bank, being the first private sector bank, introduced the computerized banking system for the first time in Nepal. As a mission of being one of the most innovative commercial banks of Nepal, Nabil in its 39 years of journey introduced many innovative and new technologies.

Nabil was the first bank to launch the NFC Dual Interface Contactless cards, contact less enabled POS terminals, and implemented the first 3DS ACS 2.x compliant payment gateway to facilitate e-commerce transactions in the country.

Similarly, the bank introduced a Cash Recycler Machine for the first time in Nepal. Moreover, the bank also introduced innovation technology programs like Green PIN and cardless cash withdrawal, added card features (Debit/Credit/Prepaid) in the mobile banking application and implemented a virtual card and card load facility through its mobile banking application for the first time in Nepal.

Nabil Bank is one of the leading commercial banks of Nepal. The bank has 265 branch networks with 298 ATM services along with 1.8 million plus customers across the country.