SmartChoice Technologies (P) Ltd., established in 2001, is a company registered in Nepal and promoted by well-established entrepreneurs. The company has deployed a first-of-its-kind initiative in Nepal creating an integrated shared services network (SCT-Network) for Automated Teller machines (ATMs) and Point-of-sale (POS) Terminals, managed through a national switch. The SCT-Network is a fully integrated network supporting multiple device types and card acquiring standards. SCT-Network(TM) reaches Bhutan SCT-Network(TM) and T Bank Ltd. of Bhutan have signed an agreement under which SCT will issue debit cards for T Bank Ltd. SCT has so far been issuing debit cards for Nepali banks and financial institutions only. Rabindra B. Malla, managing director of SCT, and Tshering Dorjee mangaging director of T Bank Ltd., inked the deal on behalf of their respective organizations. "Now onwards, SCT will be issuing cards for T Bank," said Malla. T Bank Ltd.'s debit cards
Modern Payment Technologies such as Debit Card, Internet banking, E-Commerce, M-Commerce etc. are playing importance role for the development of Nepalese economy. Each and everything's has merit and demerit. Operating any Modern technology without proper Knowledge creates problems and heavy loss but proper knowledge provides an opportunity to gain lots of benefit from those technologies. Still there are lots of people in our country who are willing to take debit/Credit card but they feel shy to ask any unfamiliar information about that technology.