Kumari Bank Launches Debit Mastercard, Expands Digital Banking Services

Kumari Bank Limited has officially launched its debit Mastercard service, marking a significant step in expanding its digital banking capabilities and enhancing customer payment solutions.

The announcement was made during a press conference held in Kathmandu, where the bank confirmed that issuance of debit Mastercard cards has commenced from Thursday. The move aligns with the bank’s broader strategy to strengthen digital transformation and offer globally accepted payment solutions to its customers.

Chief Executive Officer Ram Chandra Khanal highlighted the bank’s ongoing efforts to improve customer-centric digital services. He emphasized that integrating Mastercard into the bank’s product suite will enhance service efficiency and provide customers with greater flexibility in transactions.

Chief Digital Banking Officer Anish Tamrakar elaborated on the features and benefits of the new service, noting that the debit Mastercard can be used across Nepal, India, and Bhutan at all ATMs and POS terminals that accept Mastercard. The card will also support online and international payments, making it a versatile financial tool for customers.

The bank also indicated plans to introduce Mastercard credit card services in the near future. With Mastercard already being accepted at Kumari Bank’s ATMs, the issuance of its own cards is expected to further streamline customer experience and improve accessibility.

With over 24 years of banking operations, Kumari Bank continues to prioritize digital banking channels. The bank currently operates an extensive network of 297 branches, 315 ATMs, 46 extension counters, and 48 branchless banking units across Nepal, providing modern, secure, and efficient financial services.

The latest development reflects growing competition among banks in Nepal to adopt global payment technologies and cater to increasing demand for digital and cross-border financial services.