Handlebars
To enable handlebars support make use of the viewEngine option inside your I18nModule.
src/app.module.ts
  I18nModule.forRoot({
    fallbackLanguage: 'en',
    loaderOptions: {
      path: path.join(__dirname, '/i18n/'),
    },
+   viewEngine: 'hbs'
  })
caution
Handlebars is imported dynamically, so make sure to install it (npm i hbs). Otherwise nestjs-i18n can't register the helper function.
Example usage
Let's try to do some translations with handlebar templates.
src/i18n/en/test.json
{
  "HELLO": "Hello {username}",
}
src/app.controller.ts
@Controller('Test')
export class TestController {
  @Get('/')
  @Render('page')
  index(): any {
    return { helloArgs: { username: "Toon" } };
  }
}
src/view/page.hbs
<!doctype html>
<html>
  <body>
    <h1>{{ t 'test.HELLO' helloArgs }}</h1>
  </body>
</html>
tip
The third argument helloArgs is optional. This is only needed if you want to pass along arugments to your translations.
Result
Hello Toon