His Excellency Lyonpo Nandalal Rai, the Minister for Information and Communications presided over the launching ceremony of MasterCard and VISA International credit and debit card acquiring by Bank of Bhutan on December 11, 2010. The function was held in Tashi Taj, Thimphu.
With the official launch of the project, visitors will now have easy access to funds through withdrawal from BOB's wide ATM network and make payments for purchases directly through their credit or debit cards.
The bank is expected to issue MasterCard and Visa ATM/debit cards by the first quarter of 2011 and will be soon introducing Indian Rupees denominated Pre-paid cards in partnership with Axis Bank. Persons availing this card can enjoy the convenience of withdrawing cash from any ATM of any bank in India. Additionally, the bank will be launching Western Union Money transfer.