KATHMANDU, Feb. 4 (Xinhua) -- SmartChoice Technologies (SCT) Private Limited, the largest electronic payments network in Nepal will issue cobranded chip cards with China's UnionPay International (UPI) by the end of February.
The cooperation will help foreign tourists and nationals who have UPI cards to make payment in Nepal as well as withdraw money from a total of 72 banks and other financial institutions in Nepal which are members of the SCT, said the SCT on Saturday.
The SCT-UPI cobranded cards holders in Nepal will be able to make payment and withdraw money in 160 countries where 1,000 financial institutions are UPI members, according to the SCT.
The UPI is the subsidiary company of China Union Pay.
The SCT said that it plans to issue domestic and international cards in collaboration with UPI.
"The domestic cards can be used in Nepal, China, Bhutan and India while international cards can be used in 160 countries where UPI has presence," said Rabindra Malla, managing director of SCT.
The Nepalese payment company and the UPI had signed memorandum of understanding to issue SCT-UPI cobranded chip cards in August 2015. A delegation of UPI will visit Nepal on February 13 to finalize nitty-gritty on co-branding arrangement with SCT, according to Malla.
The UPI has been in Nepal with two major commercial banks of Nepal -- Himalayan Bank and Nabil Bank having taken its services.
With the partnership with SCT, the UPI will have connection with majority of banks and financial institutions of Nepal.
国际英语资讯:Russia has no desire to rejoin G7: diplomat
国际英语资讯:First British flight arrives in Egyptian resort city after 4-year ban
国内英语资讯:Economic Watch: Smart economy fledging in China as AI empowers industries, individuals
体坛英语资讯:Roest starts new season with 5,000m victory at ISU Speed Skating World Cup
德国的一套反“反犹太”广告,玩砸了
体坛英语资讯:Tsitsipas comes from behind to win ATP Finals
Chinese Speed 中国速度
国内英语资讯:Senior CPC official stresses improving works of peoples congresses
国际英语资讯:Spotlight: Putin elaborates on Russian foreign policy at annual press conference
可口可乐新型纸包装真环保,大幅减少塑料垃圾
国际英语资讯:Yearender: Americans facing mass shooting milestone in 2019 with no progress in gun control
“封神”揭榜、“美猴王”复出,中国神话电影宇宙雏形已现?
你改变了我的一生 而你自己却不知道!
国际英语资讯:Yearender: U.S. environmental regulatory rollback a breakdown of the year
凯瑟琳泽塔-琼斯护发秘籍?鱼子酱!-英语点津
国际英语资讯:6 killed in violence over controversial citizenship law in northern India
国内英语资讯:Chinese vice premier stresses pork supply for upcoming holidays
体坛英语资讯:Germany book EURO 2020 berth with 4-0 win over Belarus
体坛英语资讯:Sun Yang says he is innocent as CAS hearing ends
阿汤哥爱妻被誉“美丽女王”-英语点津
国际英语资讯:UK lawmakers give massive backing to PMs new Brexit bill
体坛英语资讯:Nadal edges Tsitsipas to keep semi hope alive at ATP Finals
国际英语资讯:Spotlight: Libya approves controversial maritime MoU with Turkey
国际英语资讯:Brexit priority for UK govt, Queen tells Parliament
国际英语资讯:Thousands protest against appointment of new Lebanese PM
体坛英语资讯:Poland beat Israel 2-1 in Euro 2020 qualifier
国内英语资讯:Full text of Yang Jiechis written interview with Xinhua News Agency
国内英语资讯:HKSAR govt urges Taiwan not to put politics before rule of law
国际英语资讯:Iraqi leaders meet with U.S. senior official over bilateral ties, political situation
体坛英语资讯:Flamengo held to 4-4 draw by Vasco