Salapa Bikas Bank SCT-UPI Card Nepal: Easy Digital Payments & Transactions
15th May 2025, Kathmandu
Salapa Bikas Bank Ltd. has signed a new agreement with Smart Choice Technologies Ltd. (SCT) to issue SCT-UPI cards. This deal will enable the bank’s customers to enjoy more convenient digital payment options.
Salapa Bikas SCT-UPI Card
The signing ceremony was held on Baisakh 23( May 6) at the SCT office in Kathmandu. This collaboration aims to promote card-based transactions and expand financial inclusion across Nepal.
Leadership from Both Institutions Present
During the event, Mr. Manoj Ghimire, CEO of SCT, and Mr. Yogendra Pun, CEO of Salapa Bikas Bank, signed the agreement. Both executives expressed their commitment to improving banking services using secure digital technologies.
SCT, a licensed payment system operator under Nepal Rastra Bank, continues to expand its partnerships. Salapa Bikas Bank, a ‘B’ class development bank, sees this agreement as a step toward better service delivery and customer satisfaction.
Card Issuance Process Begins
After the signing, the bank initiated the card issuance process. In the coming days, Salapa Bikas Bank customers will be able to obtain their own SCT-UPI cards directly from their branches.
These cards will offer greater ease for daily financial transactions. Customers can use the SCT-UPI card for ATM withdrawals, retail purchases, and online payments. The card is also compatible with the Unified Payments Interface (UPI) system, allowing greater flexibility in digital usage.
A Strategic Move for Digital Transformation
This partnership supports Nepal’s vision of building a cashless economy. As digital payments grow in popularity, the need for accessible and secure services becomes more important. Through this initiative, Salapa Bikas Bank joins other financial institutions that are driving the digital shift.
SCT’s wide acceptance network will benefit the bank’s customers, especially those in remote areas. The card will help reduce reliance on cash and bring more people into the formal financial system.
Focus on Customer Convenience
According to SCT, the SCT-UPI card is easy to use and widely accepted. It can be used in ATMs, POS machines, and online platforms. The system provides real-time payment processing with enhanced security.
Salapa Bikas Bank aims to provide this new service to all its eligible customers. The bank is also planning to conduct awareness campaigns and customer support programs to ensure smooth adoption.
Digital Financial Inclusion in Action
This move is part of a broader effort to bridge the gap between traditional and digital banking. Salapa Bikas Bank hopes to serve customers who are looking for simple yet effective ways to manage their money.
By issuing SCT-UPI cards, the bank empowers its users to take control of their finances. This aligns with Nepal Rastra Bank’s broader strategy to promote digital literacy and financial access.
Looking Ahead
In the future, both SCT and Salapa Bikas Bank plan to expand their cooperation. They are exploring additional digital services, including QR payments, mobile banking upgrades, and real-time notifications.
The institutions are also discussing how to improve service delivery in rural areas. With increasing internet access and smartphone use, there is strong potential for digital banking growth in Nepal.
Conclusion
The partnership between Salapa Bikas Bank and Smart Choice Technologies marks an important milestone in Nepal’s digital banking journey. Through SCT-UPI card services, customers will experience faster, safer, and more reliable transactions.
This initiative not only supports the government’s digital vision but also responds to the growing demand for innovative financial tools. As more banks follow this path, the future of banking in Nepal looks increasingly digital, inclusive, and customer-friendly.
For more: Salapa Bikas SCT-UPI Card
