Bank of Bhutan limited in­tro­duces e-pay­ment gate­way

Bhutan Times - - Home - Thuk­ten Norbu

As the Bank of Bhutan Limited in­tro­duces the epay­ment gate­way ear­lier this month, Bhutanese mer­chants can use on­line plat­form for buy­ing and sell­ing of goods, mer­chan­dise, ser­vices, and mak­ing pay­ment through debit or credit cards or other non- cash mode.

Sell­ing of books by on­line store Ama­zon, sell­ing of var­i­ous items by E- bay, buy­ing Air tick­ets on­line, book­ing tours on­line, pay­ing tax on­line have all be­come com­mon­place, and peo­ple are us­ing their debit or credit cards to pay for all th­ese on­line, from their lap­tops, at the com­fort of their homes.

Though the buy­ing of goods and ser­vices on­line was made pos­si­ble through in­tro­duc­tion of Bank of Bhutan Ltd. In­ter­na­tional debit and credit cards since 2012, Bhutanese mer­chants were de­prived of this fa­cil­i­ties to sell their prod­ucts and ser­vices on­line till now.

Bank of Bhutan ltd. now has in­tro­duced an e- pay­ment ate­way, which will fa­cil­i­tate Bhutanese mer­chant reg­is­tered with BoBL E- Pay­ment Gate­way to sell their prod­uct and ser­vices on­line. With this peo­ple all over the world, in­clud­ing Bhutanese can pur­chase air­line tick­ets, book ho­tel rooms, and a tour in Bhutan, us­ing their VISA or MasterCard debit or credit cards. This also can be used for pay­ment of util­ity and tax/ rev­enue col­lec­tion with the use of Cards. Bank of Bhutan Ltd. will also be fa­cil­i­tat­ing pay­ment op­tion through In­ter­net bank­ing sub­se­quently.

Bank of Bhutan Ltd. pro­vides an in­ter­na­tion­ally rec­og­nized and used e-pay­ment gate­way, cer­ti­fied with all in­ter­na­tional se­cu­rity stan­dard re­quire­ments like PCIDSS (Pay­ment Card In­dus­try Data Se­cu­rity Stan­dard). All pay­ment in­for­ma­tion, in­clud­ing credit card num­ber, name, ad­dress, etc. is en­crypted via Se­cure Socket Lay­out (SSL) dur­ing or­der check­out. SSL is in­dus­try stan­dard tech­nol­ogy that en­sures that all in­for­ma­tion sent to us re­mains pri­vate and can­not be read by any third par­ties dur­ing trans­mis­sion. It also has 3D se­cure fa­cil­ity like Ver­i­fied by Visa and MasterCard Se­cure Code to makes on­line trans­ac­tion se­cure.

By in­cor­po­rat­ing a Bank of Bhutan ltd. pay­ment gate­way into mer­chants’ web­site, mer­chants are pro­vid­ing the eas­i­est and most stream­lined buy­ing ex­pe­ri­ence for their cus­tomers. The eas­ier it is to buy from on­line store, the more likely it is for vis­i­tors to spend more for pur­chase of lo­cal prod­ucts.

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