NIC Asia Bank Customers to Enjoy 10% Discount at Mountain Vista Retreat, Nagarkot
4th September 2025, Kathmandu
In a new strategic partnership, NIC Asia Bank Limited has collaborated with Mountain Vista Retreat, a prominent hospitality destination in Nagarkot, to offer a 10 percent discount to its customers.
NIC Asia’s Discount at Mountain Vista Retreat
This initiative is a clear reflection of the bank’s innovative approach to banking, which combines providing valuable lifestyle benefits to its customer base with the broader objective of promoting digital payments in Nepal.
A Win-Win for Customers and the Digital Economy
The core of this agreement is a special offer designed to incentivize customers to adopt and consistently use digital banking methods. Customers of NIC Asia Bank can now enjoy a 10% discount on all services offered at the Mountain Vista Retreat, including accommodation, dining, and other recreational amenities. To be eligible for this attractive offer, customers must make their payments using one of NIC Asia Bank’s digital channels, specifically a Debit Card, Credit Card, Prepaid Card, or the bank’s popular MoBank mobile banking app. This is a classic “win-win” scenario. Customers benefit from direct financial savings, making a premium hospitality experience more accessible, while the bank effectively encourages the use of its digital platforms, thereby reducing reliance on physical cash.
This strategic partnership is a key component of NIC Asia Bank’s ongoing effort to position itself as a leader in Nepal’s digital banking transformation. By linking a tangible, desirable lifestyle benefit—a stay at a luxury retreat—with a digital payment requirement, the bank makes cashless transactions more appealing and convenient. This aligns perfectly with Nepal’s national goals of enhancing financial inclusion and transitioning to a cashless economy. Such collaborations are vital for building a robust digital payment ecosystem, as they provide real-world incentives for consumers to change their payment habits.
Pioneering Digital Payments in Nepal
NIC Asia Bank has consistently been a pioneer in introducing innovative digital banking solutions to the Nepali market. Its mobile banking app, MoBank, has been a driving force behind the bank’s digital strategy, enabling customers to make seamless payments, transfer funds, and access a wide range of banking services directly from their smartphones. By forming partnerships like the one with Mountain Vista Retreat, the bank further reinforces its reputation as a leader in this space.
The broader implications of such initiatives extend far beyond the individual bank or merchant. They contribute significantly to the modernization and efficiency of Nepal’s entire financial sector. The rise of digital transactions, including the use of mobile apps and QR codes, reduces the costs associated with printing, handling, and transporting physical currency. It also enhances transparency and traceability in financial transactions, which can help in reducing informal economic activities. The collaboration between a major financial institution and a prominent player in the tourism sector underscores how key industries in Nepal are beginning to embrace digital transformation. As tourism and hospitality continue to grow and attract both domestic and international visitors, having a seamless digital payment infrastructure becomes increasingly critical for providing a modern and efficient customer experience.
The Value of Lifestyle-Focused Banking
The partnership with Mountain Vista Retreat is part of NIC Asia Bank’s larger customer-centric strategy of integrating banking with lifestyle services. The bank has a history of forming similar alliances with a variety of businesses, including hotels, restaurants, and retail stores, to offer exclusive deals to its large customer base. This strategy demonstrates a shift in the banking sector from being merely a service provider to a partner in customers’ daily lives. By providing value-added benefits, the bank strengthens customer loyalty and encourages them to choose NIC Asia for all their financial needs.
For businesses like Mountain Vista Retreat, such partnerships offer a direct avenue to increase visibility and attract a large, pre-vetted customer base. By providing a discount, the hotel can stimulate more transactions, particularly through digital channels, which are generally more secure and efficient to process. This creates a mutually beneficial cycle where the bank gains more digital users and the merchant sees an increase in business. For the broader economy, this creates a ripple effect, encouraging other businesses and banks to form similar collaborations, thereby accelerating the nationwide shift toward a cashless society and bolstering the digital financial infrastructure.
In conclusion, the alliance between NIC Asia Bank and Mountain Vista Retreat is a well-rounded strategic move that serves multiple purposes. It offers a tangible and appealing discount to the bank’s customers, which enhances their experience and loyalty. Simultaneously, it acts as a powerful catalyst for the adoption of digital payments in the country, contributing to a more modern and efficient financial ecosystem. This collaboration not only benefits the customers and the businesses directly involved but also plays a part in advancing Nepal’s digital transformation agenda, setting a positive example for future innovations in the financial and tourism sectors.
