Himalayan Bank and UnionPay launches Card Acceptance Partnership

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Sept. 16, 2012, 5:45 p.m. Published in Magazine Issue: Vol. : 06 No. -07 Sept. 07-2012 (Bhadra 22, 2069)<br>

Himalayan Bank Limited (HBL), a leading commercial bank in Nepal, and UnionPay, a global bankcard network from the People’s Republic of China, have launched the UnionPay card acceptance Partnership. 

 


According to a press release, through this launch, holders of UnionPay credit and  debit card scan now use their cards at more than 900 HBL’s own and 950 POS centers of its partner network (Alpine Cards). Similarly the card will be accepted at 72 ATMs of HBL and more than 1100 ATMs of its partner network (SCT).

 


“Being chosen as a partner of UnionPay for Nepal is a great honor for the bank.” said Ashoke SJB Rana,CEO of Himalayan Bank Ltd. in a launching ceremony.

 

 

UnionPay entered this partnership with the aim of increasing convenience for about 3 billion UnionPay card members from China, Japan, Korea, Taiwan and other Asian countries who travel to Nepal. As Nepal is promoting its tourism sector; HBL aims to enhance services for its merchants by enabling them to attract customers traveling to Nepal with UnionPay cards.

 

About Himalayan Bank Limited

 


Himalayan Bank Limited (HBL) is a leading private sector commercial bank incorporated in 1993. HBL stands ahead in meeting customer demands through its continuous effort of tying  banking products with world class technology. It is the first Bank in the country to introduce HBL Proprietary Credit Card, start international credit card issuance, acquiring business and ATM service. Moreover, it is the pioneer financial institution to start acquiring and issuance business of chip based EMV Compliant Plastic Cards in the country. At present, total customer base of HBL is above 300,000 individuals & institutions out of which more than 125,000 are availing card services.

 


About UnionPay

 

China UnionPay operates the inter-bank clearing and settlement system develops the worldwide UnionPay Card acceptance network, promotes the issuance and usage of the UnionPay Card as well as other innovative payment solutions, so as to provide quality, efficient and safe payment services to cardholders. To date, the total number of the UnionPay Card issued both at home and aboard has exceeded 3.0 billion. The UnionPay network has been extended to all the cities and rural areas in China. In addition, China UnionPay has enabled the UnionPay Card acceptance over 125 countries and regions through extensive cooperation with about 400 institutions around the world.  

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