NIMB officially launched Nepal’s first Visa Wearable Sticker, branded as NIMB Paywear, at an event held in Kathmandu on Thursday.

The groundbreaking payment solution, which allows customers to make secure contactless transactions by tapping a wearable device at any POS terminal, was unveiled in Nepal, marking a new era for digital payments.

In the presentation, the bank highlighted how NIMB Paywear is designed to speed up, simplify, and secure daily transactions, offering customers an alternative to carrying physical cards or mobile wallets.

“NIMB Paywear is a game-changer for the Nepali market,” said Mahesh Sharma Dhakal, senior deputy CEO of NIMB. “This product will transform how our customers make payments, offering them 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, once again positioning NIMB as a leader in digital innovation.”

NIMB Paywear allows users to attach the wearable sticker to any personal item, such as watches, keychains, or phone cases, making it highly versatile and convenient. Users can pay by tapping the device at any contactless POS terminal, perfect for quick and secure everyday transactions.

In compliance with Nepal Rastra Bank (NRB) regulations, contactless payments above Rs5,000 will require a PIN, adding an extra layer of security for high-value transactions. To celebrate the launch, NIMB announced an exciting promotional offer. Customers who apply for and activate their NIMB Paywear stickers within the first three months will have their wearable fee of Rs1,000 refunded upon completing 12 POS transactions within that period.