The world of e-Commerce is growing fast. Having a secure payment solution that is efficient and trusted worldwide is no longer optional. For businesses in Nepal, ensuring smooth payments while minimizing risks is crucial. It helps them stay competitive in the digital world.
NIC ASIA Bank has partnered with CyberSource®, a well-known payment processor, to provide domestic and international card payment gateway. This solution makes online payments simple and safe for businesses of all sizes.
Powered by multiple card and wallet schemes and trusted by over 450,000 businesses worldwide, the CyberSource® payment gateway provides smart features. The solution lets customers pay easily and securely for travels and tours business, airlines ticket booking payments, ride hailing, logistics and delivery businesses, small to large hotel chain booking payments, handicraft businesses, international seminars and workshop events, any type of eCommerce website/ applications, drop-shipping businesses, funding transactions/ wallet load payments, subscription and recurring payments for ISPs and other utility payments.
This blog explains the features, benefits, and reasons to choose NIC ASIA Bank’s CyberSource® payment service. It shows how this service can improve your business’s payment process and customer experience.
What Is the CyberSource® Payment Gateway?
CyberSource® is a globally trusted online payment gateway developed by VISA. It can process up to 8,000 secure payment transactions per second. This system ensures a smooth payment process across various platforms. These include websites, mobile apps, point-of-sale (POS) terminals, and even call centers.
For businesses in Nepal, CyberSource® allows payments from both VISA and MasterCard customers. It provides a strong and reliable payment service for eCommerce, airlines, hospitality, including digital wallet funding transactions. Over 1,000 local businesses trust CyberSource® for their payment methods and transactions facilitated by NIC Asia Bank in Nepal. These include well-known ecommerce companies like Daraz, Jeeve Health, Giftmandu.com, UG Cakes airlines like Himalaya Airlines, Buddha Airlines, Yeti Airlies, Shree Airlines, ISPs like Worldlink, Vianet hospitality like Tiger Land Safari Resort, Heritage Hotel Pokhara, Hotel Pabera Heritage Boutique Budhanilkantha, Lemon Tree Premier Budhanilkantha, Travels and Tours like eSewa Travels and Tours, Tiger Encounter, Global Holidays, Les Alps Himalaya and many more.
The processor’s features with hosted and self-hosted Rest and SOAP API Integrated gateway, Digital Invoicing, Link based payments and Virtual Terminal/ MoTo transactions/ manual payments etc. has helped these institutions to receive all types of pre and post sales payments easily from International and Domestic card holders.
How CyberSource® Benefits Businesses in Nepal?
- Connects businesses with billions of card holders worldwide.
- Ensure trust and security in payments with Cybersource complied PCI- DSS, EMV Co, PSD2 and other global card transactions standards
- Receive pre and post sales card based online payments from multiple customer touch points like social medias, websites, mobile applications and call centers.
- Integrate a multilayered fraud management solution. From account monitoring to transaction fraud detection, rules tuning to authentication, get tools that help you achieve the right balance between maximizing sales, reducing fraud and controlling operational costs.
Features That Make CyberSource® Stand Out
The CyberSource® Payment Gateway offers top features designed to meet the modern needs of businesses. Here’s what makes it special:
Multichannel Payment Support
Easily accept payments across multiple platforms:
– Web and mobile platforms for eCommerce transactions with API Integrated solutions. Plugins available for Woocommerce, WordPress, Shopify, Prestashop, Bigcommerce, and Salesforce.
– Call centers / MoTo(Mobile order Telephone Order) for businesses processing payments over the phone.
– OTAs (Online Travel Agents) like booking.com, agoda.com, expedia.com etc. pull payments for hotel bookings.
– Receive payments from Social Media customers using digital invoicing and link based payment
This flexibility ensures your business can serve customers in the way they prefer to pay.
Security and Fraud Prevention
With online payment fraud on the rise, CyberSource® ensures secure payment processing. Its advanced security features include:
– 3D Secure Authentication for added protection.
– PCI DSS Compliance to meet strict global payment security standards.
– A Fraud Management Module that reduces the risk of unauthorized transactions.
These features provide peace of mind for business owners.
Easy Integration
CyberSource® is built for simplicity with pre-integrated plugins for:
– WordPress
– Shopify
– Magento
– WooCommerce
– Shopify
– Presta Shop
– Big Commerce
This minimizes the technical hassle, ensuring businesses can start accepting payments quickly without additional development expertise.
Multi-Currency Support
Expand your customer base with support for all international currencies. CyberSource® lets you accept payments from VISA and MasterCard users worldwide. This makes it an excellent choice for businesses aiming to grow their presence globally.
Advanced Merchant Tools
CyberSource® provides merchants with tools to streamline operations:
– Digital invoicing for easy billing.
– Real time reversals/ voids.
– Refund capabilities to handle customer satisfaction without extra cost.
– Detailed analytical reports that provide actionable insights into transaction trends and performance.
High Reliability
CyberSource® offers an impressive 99.99% uptime rate, ensuring uninterrupted payment processing at all times.
Why Choose NIC ASIA Bank’s CyberSource® Integration?
Choosing NIC ASIA Bank for CyberSource® implementation offers more than just access to a top payment platform. NIC ASIA Bank adds value with competitive pricing, multi-currency support, reliable technical and operational support, and strong community trust.
Smooth Onboarding Process
NIC ASIA Bank has simplified integration and onboarding to minimize technical disruptions, letting you focus on growing your business.
Competitive Pricing
Enjoy reasonable integration fees and transaction charges based on the bank’s Standard Tariff of Charges (STC). This ensures affordability for businesses of all sizes, particularly SMEs.
Dedicated Support System
Whether you need technical assistance via email or face-to-face support at your nearest NIC ASIA branch, the bank offers a robust support system to help you every step of the way.
Community Trust and Proven Impact
NIC ASIA Bank has helped power some of Nepal’s biggest online players, including:
- Worldlink for enhanced subscription payments.
- Foodmandu for seamless food delivery transactions.
- Khalti and IMEPAY for secure digital wallet load payments.
- eSewa Travels and Tours for ticketing and tour packages payments.
- Himalaya Airlines, Yeti Airlines, Buddha Airlines, Shree Airlines for international and domestic flight booking payments.
- Tiger land Safari Resort and 100+ other hotels for hotel booking payments.
- Nepal Insurance Association for International Conference on Inclusive Insurance 2024 and other events.
When you partner with NIC ASIA Bank for CyberSource®, you join a trusted community of forward-thinking businesses.
How Businesses Benefit from CyberSource®?
Implementing CyberSource® significantly enhances business efficiency and customer satisfaction. Here are the key benefits:
Improved Transaction Speed & Reliability
Processes payments faster without disruptions, ensuring a smooth and seamless checkout experience for customers.
Reduced Payment Fraud
The Fraud Management Module protects businesses from unauthorized transactions, safeguarding both profits and reputation.
Broader Customer Base
Attract global customers with multi-currency and international card support, allowing your business to expand across borders.
Time-Saving Tools
Features like link-based payments and virtual terminals make operation management simpler and more efficient.
Frequently Asked Questions (FAQ)
How secure is CyberSource®?
CyberSource® provides maximum protection for both merchants and customers with industry-leading security measures. These include 3D Secure, PCI DSS compliance, and advanced fraud detection tools.
Do I need an NIC ASIA account to use the service?
Yes. Having an NIC ASIA Bank Business/ Current account is required for smooth integration and access to transaction settlements.
What are the integration requirements?
The integration process requires minor adjustments to your website or app, with plugins available for popular platforms. NIC ASIA Bank will guide you through this.
Are there transaction volume limits?
There are no strict limits—CyberSource® is built to support businesses of all sizes.
Can international customers make payments via this gateway?
Yes, CyberSource® supports international card payments, making it ideal for businesses targeting global customers.
Transform Your Business with NIC ASIA Bank’s CyberSource® Payment Gateway
Join over 1,000 Nepali businesses already thriving with NIC ASIA Bank’s CyberSource® Payment Gateway. Enhance your business operations with a secure, reliable, and globally trusted payment solution that integrates seamlessly across multiple channels.
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