NIMB unveils Nepal’s first Visa Wearable Sticker

Kathmandu, October 24, 2024 – NIMB officially unveiled Nepal’s first Visa Wearable Sticker, branded as NIMB Paywear, during an event held yesterday at the Aloft Hotel in the capital. "This innovative payment solution allows customers to make secure contactless transactions simply by tapping a wearable device at any POS terminal, marking a significant advancement in digital payments in Nepal," states a press release issued by the bank.

The launch event showcased how NIMB Paywear is designed to enhance speed, convenience, and security for daily transactions, offering an alternative to carrying physical cards or mobile wallets.

“NIMB Paywear is a game-changer for the Nepalese market,” Mahesh Sharma Dhakal, Senior Deputy CEO of NIMB, was quoted by the release as saying.  “This product will transform how our customers make payments, providing unparalleled convenience and speed while ensuring the highest levels of security. We are excited to be the first bank in Nepal to introduce this technology, reaffirming NIMB’s position as a leader in digital innovation.”

To celebrate the launch, NIMB also announced a promotional offer. Under it, customers who apply for and activate their NIMB Paywear stickers within the first three months will receive a refund of the Rs 1,000 wearable fee upon completing 12 POS transactions within that period.