SCT and Deprox Laghubitta Sign Digital Payment Agreement, Expanding Card Services in Microfinance
Smart Choice Technologies (SCT) and Deprox Laghubitta Financial Institution have signed an agreement to operate card services and digital payments. With this, Deprox customers will also receive modern digital payment and card facilities similar to commercial bank customers.
Kathmandu. A card service operation and digital payment agreement has been signed between Smart Choice Technologies Limited (SCT), a leading institution licensed by Nepal Rastra Bank as a Payment System Operator (PSO), and Deprox Laghubitta Financial Institution Limited, which holds a 'D' class license from Nepal Rastra Bank.
Following this agreement, customers and members of Deprox Laghubitta will now be able to directly benefit from modern digital payment services and card facilities, just like customers of commercial banks, development banks, and other financial institutions. Through the national and international standard-compliant network operated by SCT, Deprox Laghubitta will provide digital payment facilities to its customers.
According to representatives of the institution, this historic collaboration will play a significant role in bringing modern financial technology (fintech) and digital banking services to Nepal's rural and underprivileged communities. By breaking the situation where the microfinance sector had to rely only on traditional digital channels, Deprox Laghubitta's initiation of card services is an important achievement for overall financial inclusion and the development of a modern fintech ecosystem.
SCT, which has been moving forward with the goal of bringing modern payment technology to every segment of society since its establishment, has embraced its new motto “Network for All” and aims to connect service recipients in the microfinance sector to secure, easy, and modern digital payment services through this innovative collaboration. SCT believes that this initiative will make a significant contribution to making the country's digital financial system more robust, inclusive, and accessible.