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NIC Asia Bank’s last week opened a new branch at Tilota­ma Municipality Ward 15, Kotihawa, Rupandehi. Ashok Kumar Poudel, director of Nepal Rastra Bank (Bhairaha­wa), inaugurated the branch, NIC’s 173rd. The bank will now serve its customers through 172 ATM counters and four exten­sions counters.

NIC Asia Bank is one of the largest private sector commer­cial banks in the country in terms of capital, balance-sheet size, customer base, number of branches and its ATM network. More branches are planned, says a bank statement.

 Nabil Bank is set to introduce Union Pay International QR Code Acquiring service in the country, a feature which could potentially eliminate the need for Point of Sales (POS) terminals. The cus­tomers can simply scan the QR readers at checkout counters at merchant outlets to make their payments.

When a customer scans the QR code, it transmits transaction information to the mobile app, where card details are stored and payment initiated. Through the new service, the bank intends to provide efficient and secure electronic transactions for both merchants and customers.

 NIBL Capital Markets and Ace Capital completed their merger process and launched operation as a sin­gle unit last week with ‘NIBL Ace Capital’ as the name for the consolidated unit of the two investment banks. NIBL Capital Markets and Ace Capital had initiated the merger via a Memorandum of Understanding signed in November 2017.

According to a joint statement, the post-merger paid-up capital of the consolidated entity stands at Rs 270 million, which is the largest in Nepali capital market industry. "NIBL Ace Capital will avail com­bined depository participant (DP) services to more than 142,000 demat account-holders. It will also provide share registrar services to 38 companies and over one million shareholders,” reads the statement from the joint entity. At present, these services will be provided through four branch offices of NIBL Ace Capital, while there are expansion plans for three more branch offices.

Samsung Nepal has launched the Galaxy J2 4G edition, the latest entrant in the Galaxy J series family. Samsung is looking to further strengthen its portfolio of 4G smartphones in Nepal, allow­ing customers to have super­fast internet connectivity and faster downloads.According to the company, the 4.7-inch qHD Super AMOLED screen will provide customers with an immersive experience.

Whether it be browsing through photos, watching videos or surfing the web at blazing fast 4G speeds, users will be able to do so in vibrant colours due to the Super AMOLED screen. The large screen display will bring life to content and enhance the viewing pleasure—resulting in an immersive experience. The Galaxy J2 4G is now avail­able in Nepal for Rs11,290.