Himalayan Bank Limited (HBL) has signed an agreement with Diners Club International, a division of Discover Financial Services and a member of the Discover Global Network, to become an issuer of Diners Club cards and a merchant acquirer in Nepal, in effort to grow card acceptance for Diners Club International, Discover, and Network Alliance cardholders.
Mr. Ashoke SJB Rana, Chief Executive Officer of Himalayan Bank Limited, stated, “HBL is happy to be the franchisee of Diners Club International in Nepal.” “By including Diners Club International into our credit card product portfolio, we will soon be able to give our merchants the flexibility to accept more card brands from across the world as part of the Discover Global Network.”
HBL will initially focus on increasing acceptability in Nepal, with 146 ATMs and over 5000 point-of-sale terminals available. Discover Global Network cardholders from Diners Club International, Discover, and Network Alliance Partners in India, South Korea, Brazil, Turkey, and elsewhere will be able to use their cards through HBL when visiting Nepal. HBL will begin issuing Diners Club International cards in the partnership’s second phase.
“Through our cooperation with Himalayan Bank Limited, we continue to provide enhanced global reach that our partners value as we gain acceptance in Nepal,” Annie Zhang, APAC Regional Managing Director International Markets at Discover Global Network, stated.
“Because Nepal is an important travel corridor for India, China, Japan, and Korea, this acceptance agreement will allow visitors to use their Diners Club International, Discover, and Network Alliance Partner card products in Nepal, increasing incremental spend for retailers and honouring customer card choice.”