Siddhartha Bank Customers Get Up to 40% Discount at Mount of Excel
10th November 2025, Kathmandu
Siddhartha Bank Limited (SBL) has taken a significant step in enhancing customer value and championing the national move towards a cashless economy by forging a strategic partnership with Mount of Excel Pvt. Ltd.
Siddhartha Bank Discount Offer
The collaboration, formalized through an agreement signed on November 8, 2025, extends substantial benefits to Siddhartha Bank’s extensive customer base. Located in Gokarneshwor, Kathmandu, Mount of Excel will now offer customers of Siddhartha Bank an attractive discount of up to 40% on its services, exclusively for payments made through the bank’s digital channels.
The Mechanics of the Exclusive 40% Discount
The core of this partnership is a clear incentive structure designed to reward customers for adopting digital transaction methods over traditional cash payments. Siddhartha Bank customers can unlock the maximum discount of 40% by utilizing any of the bank’s primary digital payment instruments:
Siddhartha Bank Debit Card: Standard plastic card transactions at the point-of-sale terminal.
Siddhartha Bank Credit Card: Utilization of credit facilities for purchases, offering both the discount and the benefit of credit facilities.
Siddhartha Bank Mobile Banking App: Payments made instantly through the bank’s mobile application, often involving QR codes or direct payment gateways.
By tying the discount directly to these digital instruments, the bank is actively steering consumer behavior. This move goes beyond mere customer loyalty; it is a dedicated effort to demonstrate the ease, security, and financial benefits of conducting transactions digitally, thereby fostering a broader digital payment culture within its customer base.
A Strategic Partnership for Digital Transformation
Siddhartha Bank’s decision to partner with Mount of Excel is a calculated step in a larger strategic vision. The collaboration serves a dual purpose that benefits both the customer and the bank’s national financial mandate.
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Enhancing Customer Convenience and ValueFor the bank’s customers, the agreement immediately translates into tangible savings. Accessing services at Mount of Excel, now with up to 40% off, significantly improves the purchasing power of Siddhartha Bank’s patrons. Such partnerships make the bank’s offerings more attractive and directly contribute to customer retention and loyalty. The bank explicitly stated that this collaboration aims to “enhance customer convenience”, positioning the bank as an institution that provides added value beyond standard financial services.
Promoting the Cashless Economy
The broader and more significant goal, however, is to “support the transition toward a cashless economy.” In the context of Nepal’s financial digitalization efforts, every transaction shifted from cash to digital contributes to improved transparency, reduced operational costs for businesses, and a more traceable financial system for the national economy. By offering attractive discount benefits that are only accessible through digital payments, Siddhartha Bank provides a compelling reason for consumers to make the behavioral change required for digitalization to take root widely.
This partnership serves as a micro-level initiative that drives macro-level change, acting as a crucial bridge between traditional cash-centric habits and modern digital finance.
Operational Excellence and Customer Support
Ensuring the seamless execution of such a large-scale discount program requires robust operational backing. Siddhartha Bank assures its customers of readily available support and information to address any queries regarding the partnership or the use of their digital payment methods.
Customers seeking more details on the specific terms, conditions, or eligible services for the 40% discount can contact the bank’s dedicated resource: the Siddhartha Care Customer Service Center. The center’s 24/7 operation guarantees that customers can access assistance at any time, eliminating any technical hurdles that might discourage the use of the digital payment app or cards. This commitment to continuous support is essential for instilling confidence in the digital payment process and maximizing the success of the promotional agreement.
The Future of Merchant-Bank Alliances in Nepal
This collaboration between Siddhartha Bank and Mount of Excel is indicative of a growing trend in the Nepalese market: the strategic alliance between financial institutions and lifestyle or service providers. As competition among banks intensifies, offering exclusive, high-value discounts becomes a key differentiator. Furthermore, for merchants like Mount of Excel, partnering with a major bank provides immediate access to a large, engaged customer base and reduces the costs and risks associated with handling cash.
The expected outcome is a mutually beneficial arrangement: attractive savings for the customers, expanded digital transactions for the bank, increased business for Mount of Excel, and significant momentum for the “promote digital payment culture” national agenda. This alliance exemplifies how commercial incentives can be effectively utilized to drive fundamental shifts in consumer financial habits, pushing Nepal closer to achieving a truly digital and cashless financial ecosystem.
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