SCT, Khalti reach agreement to enable payments via 'SmartQR'

KATHMANDU: Smart Choice Technologies (SCT), a payment system operator licensed by Nepal Rastra Bank (NRB), has reached an agreement with Khalti, a leading online payment service provider, to operate payment services through 'SmartQR'.

Following this agreement, Khalti digital wallet users will be able to load their wallets through 'SmartQR' and make payments to merchants. Additionally, businesses will be able to use the SmartQR facility to receive payments via QR codes. 'SmartQR' is Nepal's first interoperable QR code issued under the Nepal QR standard, following the EMV standard, the popular international standard for QR codes.

At a recent event held at the Khalti office, CEO Manoj Ghimire of SCT and CEO Binay Khadka of Khalti signed the service operation agreement.

The launch of this service is expected to facilitate easier transactions for merchants and Khalti digital wallet users, as the transaction amount through 'SmartQR' will be immediately transferred to the merchant's account.