Lumbini Bank Smart Pay Smart QR Nepal: Online Money Transfer & Mobile Payments by SCT
7th May 2025, Kathmandu
Smart Choice Technologies Ltd. (SCT) and Lumbini Bikas Bank Ltd. have signed an agreement to expand digital payment services in Nepal. The partnership introduces Smart Pay and Smart QR to the bank’s customers, aiming to boost fast and secure transactions across the country.
Lumbini Bank Smart Pay Smart QR
The signing ceremony took place at Lumbini Bikas Bank’s head office. CEO of SCT, Manoj Ghimire, and Deputy CEO of Lumbini Bikas Bank, Umesh Regmi, signed the deal on behalf of their respective organizations.
Enabling Instant Interbank Transfers
The agreement allows Lumbini Bikas Bank to offer interbank fund transfer services through Smart Pay. Customers can now receive money directly into their accounts, both from within Nepal and abroad.
This service benefits individual account holders, agents, and families relying on remittances. It also supports real-time fund transfers, which are especially useful for emergency and business payments.
With this system, money sent from other banks or wallets using Smart Pay will reach Lumbini Bikas Bank accounts instantly. The collaboration enhances efficiency and ensures safer digital transactions.
Promoting Digital Payments with Smart QR
The deal also introduces Smart QR to Lumbini Bikas Bank’s merchant network. Businesses and shopkeepers with accounts at the bank can now receive payments by QR code. This system works with multiple mobile banking apps and wallets.
Merchants only need to display their QR code. Customers can then scan and pay through their preferred digital platform. This simplifies transactions and reduces the need for cash handling.
Smart QR helps small and medium businesses embrace digital commerce. It also supports Nepal’s broader push for a cashless economy.
Strong Regulatory Backing
Smart Choice Technologies is a licensed payment system operator. Nepal Rastra Bank (NRB) has authorized the company to run digital payment systems. Lumbini Bikas Bank is also a recognized ‘B’ class development bank under NRB regulations.
Both institutions follow the guidelines set by the central bank. Their partnership ensures compliance with national standards for digital payments.
This formal approval strengthens public trust and boosts user confidence in using Smart Pay and Smart QR services.
Focus on User Convenience
With Smart Pay, users no longer need to visit branches or wait for hours to receive money. The service processes transactions in real time, offering faster and safer options.
Likewise, merchants accepting Smart QR can receive payments instantly. They do not need to maintain physical cash or handle coins. This reduces risks and speeds up day-to-day operations.
Both services support multiple platforms. Customers can use their favorite mobile apps or wallets without restriction. This flexibility makes Smart Pay and Smart QR more accessible to a wide range of users.
Supporting Financial Inclusion
The partnership between SCT and Lumbini Bikas Bank supports Nepal’s digital financial goals. It promotes access to banking services, especially in semi-urban and rural areas.
People with smartphones can now receive and send money easily. They can also pay for goods and services digitally. This inclusion helps bridge the gap between urban and rural economies.
By empowering users with simple and reliable tools, the partnership contributes to economic growth. It also aligns with Nepal’s vision of a digitally connected society.
Leaders Express Optimism
Speaking at the event, SCT CEO Manoj Ghimire said the partnership supports the national goal of digital transformation. He emphasized the need for reliable platforms that make daily financial activities more efficient.
Deputy CEO of Lumbini Bikas Bank, Umesh Regmi, also shared his views. He noted that the agreement would improve customer experience and increase trust in digital banking.
Both organizations aim to continue working together on future innovations. They plan to introduce more user-friendly services to strengthen Nepal’s digital economy.
Conclusion
Smart Pay and Smart QR bring speed, security, and simplicity to digital transactions. This partnership ensures that more people and businesses can enjoy modern financial services.
As Nepal moves toward a cashless economy, collaborations like this one between SCT and Lumbini Bikas Bank will play a vital role in reshaping the payment ecosystem.
For more: Lumbini Bank Smart Pay Smart QR
