Global IME Bank introduces chip-based cards

Published On: December 5, 2016 09:00 PM NPT By: Republica  | @RepublicaNepal


KATHMANDU, Dec 5: Global IME Bank Ltd has introduced EMV chip cards as part of its security and risk mitigation measures for electronic payment and transactions.

EMV, a global standard for credit and debit payment cards, is based on chip card technology taking its name from the card schemes Europay, MasterCard, and Visa (EMV), a statement issued by the bank said.

The bank said that its latest offering will allow consumers to transact securely at ATM, POS terminals as well as contribute toward making the Nepali payment domain more secure. "EMV cards will make card-based transactions more secure which, in turn, will give a boost to the cashless transaction system in Nepal," the statement added.

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