September 2: Daraz, an online shopping marketplace of Nepal, has entered into a partnership with Visa, a global leader in digital payments technology, to drive forward online card payments in Nepal.

Daraz and Visa are offering Visa card holders a 15 percent discount on prepayments till September 30, reads a joint statement issued by the two companies.

“Customers can choose anything amongst 450,000 products ranging from electronics, groceries, lifestyle to fashion sold by more than 5,000 sellers on Daraz,” the statement further said, adding that Visa and Daraz users can enjoy a maximum discount of Rs 500 by pre-paying only via a Visa card that they have saved on the Daraz app.

The discount offer can be used only once and includes all current Visa credit, debit and prepaid cards issued in Nepal.

“A collective effort is necessary in order to drive the development of the online card payment ecosystem in Nepal, and so, we are thrilled to collaborate with Visa. And with this initial offer, we want to provide our customers an added benefit for choosing the already more convenient and safe method of making online payments,” said Lino Ahlering, MD of Daraz Nepal.

Shailesh Paul, head of Merchant Sales and Acquiring of Visa, said, “Digital payments and online shopping have become crucial in recent times, given the need for social distancing. We are delighted to partner with a leading ecommerce player like Daraz to provide their shoppers the convenience of paying online through a safe, secure medium. Our relationship with Daraz in multiple South Asian markets is proof of how established players can and should come together to enable and enhance shopping experiences for consumers.”