SCT, FirstPay Technology sign agreement to integrate Smart QR, FirstPay QR

KATHMANDU: An agreement has been signed between SmartChoice Technologies (SCT) and FirstPay Technology — payment system operators (PSOs) licensed by Nepal Rastra Bank — to integrate Smart QR and FirstPay QR. Narayan Prakash Bhuju, Chief Executive Office, SCT, and Saurabh Rijal, CEO, FirstPay Technologies signed the agreement at a function organised at the central office of SCT in Garidhara, Kathmandu. This agreement has been concluded on the basis of the circular issued by Nepal Rastra Bank about four months ago in January giving instructions to all licensed PSOs and payment service providers (PSPs) for inter-affiliation. The collaboration between SCT, which has been providing payment services including cards for the past 20 years, and FirstPay Technologies, which has been giving QR services affiliated to UnionPay / Wechat, is expected to further contribute to the overall development of the payment sector. Under the agreement, customers will be able to easily and securely make payments to various businesses that have availed the benefits of First Pay QR through the PSP Wallet and mobile banking app under the Smart QR network. Likewise, the businesses receiving payments through Smart QR will also be able to receive payments from the customers affiliated with First Pay. READ ALSO:

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