ElectraCard Services signs deal with NMB Bank

ElectraCard Services (ECS) has announced that they have undertaken the end-to-end management of NMB Bank credit and debit cards. ECS will offer these services through their world-class PCI DSS-certified data center.

ECS will provide the Bank a comprehensive debit and credit processing solution. The EMV- compliant card management systems will provide the Bank with complete management of the cards lifecycle, and support all major card networks. The selection of ECS at NMB was facilitated by Imark and will help the bank to achieve its ambitious business objectives of expanding its credit and debit card base.

“We were the ideal technology partner given our modern platform, extensive expertise in migrations globally and adept understanding of the regulatory and banking requirements of Nepal. We are extremely happy to join forces with NMB Bank and help them offer customers better service, wider reach and improved security. With the addition of NMB Bank, the electra platform becomes the foremost platform on which card issuance is carried out in Nepal, with a 75% market share,” said Ramesh Mengawade, CEO, ElectraCard Services.

With the move to ECS processing platform, NMB Bank will also be able to provide their customers additional features on the cards, including secure ecommerce transactions and reward points.