Tourism to launches EMV Chip based cards

Kathmandu, June 25: Tourism Development Bank Limited Sunday launched multiple new services including, EMV chip based Visa card, US dollar card and International Travel Card, TDBL Bank Smart and point of sales (POS).

“The new EMV cards are safer and can be used in more than 100,000 ATMs in Nepal and India. By using the International Travel Card, customer can withdraw the local currency in any country that they visit,” said Mahesh Sharma Dhakal, chief executive officer of the bank.

EMV stands for Europay, MasterCard and Visa which is a global standard for credit cards that uses computer chips to authenticate and secure chip-card transactions.

Likewise, through TDBL Bank Smart is an IT based banking service that enables the customers in obtaining information about and using the bank facilities, inter-bank payment and shopping payment through GPRS or Wi-Fi services.

Similarly, the new POS machines are EMV chip-based.

Dhakal said that the bank was introducing online ASBA (Application Supported by Blocked Account) services, establish eight new branches and five extension counters, and run branchless banking in near future.