Himalayan Bank Partners with Smart Choice Technologies for SmartPay IBFT Service
27th September 2026, Kathmandu
Himalayan Bank Limited has signed an agreement with Smart Choice Technologies Limited (SCT) to integrate and operate the SmartPay IBFT (Inter Bank Fund Transfer) service.
HBL, Smart Choice Partnership
Following this agreement, Himalayan Bank has officially joined SCT’s SmartPay Network, enabling interbank fund transfers via SmartPay IBFT. This integration aims to provide bank customers with a seamless, secure, and efficient channel to transfer funds across various participating banks and financial institutions.
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SmartPay IBFT Network and Service Integration
Smart Choice Technologies operates the SmartPay IBFT system to facilitate digital fund transfers across Nepal’s financial sector.
- Network Integration: Himalayan Bank joins SCT’s inclusive payment network to offer direct interbank electronic fund transfers.
- Service Capabilities: Facilitates digital transactions between participating banks, financial institutions, digital wallets, and remittance providers.
- Ecosystem Impact: Strengthens inter-system operability, enhances Nepal’s overall digital payment infrastructure, and expands nationwide financial inclusion.
Institutional Background and Contact Details
Smart Choice Technologies is a licensed Payment System Operator (PSO) in Nepal with an extensive payments footprint.
- Company Profile: Licensed by Nepal Rastra Bank as a Payment System Operator and creator of Nepal’s first domestic card system (SCT Card).
- Payment Services Spectrum: Operates issuing and acquiring networks for SCT UnionPay, Visa, Mastercard, NepalPay, Discover, and RuPay cards, along with ATM, Point of Sale (POS), internet and mobile banking platforms, SmartQR, and fund transfer systems.
- Head Office Location: R.S. Sadan, 5th Floor, Panipokhari, Kathmandu, Nepal.
- Contact Information: Telephone at 01-4514155, Toll-Free at 1660-0144155, and official website at www.sct.com.np.
For More: HBL, Smart Choice Partnership
