September 20, 2017,

Marking the celebrations of the Nepalese festive seasons, Nepal Investment Bank Limited & its Associate Visa Member Banks has announced a 10% Cash Back Offer supported by Visa Worldwide to Visa Domestic Cardholders in Nepal. This offer was made to encourage the purchase habit of cardholders through the point of sales.

As per the media release, under this cashback scheme, Visa domestic cardholders will redeem flat 10% but not exceeding NPR. 1,000/- cashback per day on the total purchases. This cashback will be credited into the cardholder’s account for the transactions made through their Visa Cards at point of sales.

To be eligible for this 10% cashback offer, cardholders must purchase the minimum of NPR. 500/- per transaction at retail outlets and restaurants through their VISA Card issued by any one of the following banks: Century Bank Ltd., Global IME Bank Ltd., Kumari Bank Ltd., Mahalaxmi Development Bank Ltd., Mega Bank Nepal Ltd. NCC Bank Ltd., Nepal Investment Bank Ltd., Rastriya Banijya Bank Ltd., Sanima Bank Ltd., and Tourism Development Bank Ltd.

The bank hopes to promote and boost the usage of the credit/debit cards for payments of goods and services in Nepal. This cashback offer was designed in a way to create a less-cash using society and encouraging customers to use their cards to redeem the cashback straightforwardly and effectively.

The banks, by following some related terms and conditions, will provide the cashback in the cardholder’s account the following day of the purchase.

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Mina Aryal is a Nepali tech journalist and media expert. She is currently the chief editor of ICT Frame, a leading online tech media outlet in Nepal that covers topics such as technology, business, and entrepreneurship. Aryal has been involved in the field of tech journalism for over a decade and has covered various topics such as internet governance, cybersecurity, e-commerce, and startup ecosystems. She has also been involved in organizing and promoting tech events in Nepal to bring together tech enthusiasts, entrepreneurs, and investors to discuss and collaborate on various topics related to the tech industry. Aryal is considered one of the most influential tech journalists in Nepal and has been recognized for her contributions to the field.