ElectraCard Services agree credit processing deal with NMB Bank

credit-card

ElectraCard Services (ECS), a provider of software and processing solutions for electronic payment systems, has announced that they have undertaken the end-to-end management of NMB Bank credit and debit cards.

ECS will provide NMB Bank with 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.

“For banks to provide customers with the best banking solutions, technology becomes crucial. 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 Mr. Ramesh Mengawade, CEO, ElectraCard Services.

Mr. Upendra Poudyal, CEO, NMB Bank, said, “We chose ECS due to its global leadership, unparalleled deployment experience and installed base in Nepal. It also offers unrivalled functionality over a broad solution set, as well as its seamless integration capability. ECS will provide us with a solid platform to manage our growth efficiently. The platform will help us quickly and cost-effectively deliver new products and services as we grow and serve our customers in Nepal.”

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