Bank of Bhutan limited introduces e-payment gateway
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.