Himalayan News Service

Kathmandu, June 17:

Nepal Industrial and Commercial Bank (NIC) Ltd has signed an agreement with SmartChoice Technologies (SCT) for the use of integrated shared service network. With the view of introducing debit cards and providing Automated Teller Machine (ATM) services, NIC bank has entered into a network agreement with SCT. The agreement was signed by Rabindra Bahadur Malla, managing director of SCT and Laxman Risal, chief operating officer representing NIC.

The agreement will allow subscribing consumers of NIC bank to use the SCT shared service network of ATMs and Point of sale (POS) terminals. NIC debit and ATM cards could be accessed over 15 SCT network ATMs and 250 POS merchant outlets around the Kathmandu Valley initially and over 35 ATMs and 1,000 POS terminals by the end of the year 2004. SCT, a pioneering organisation to provide integrated shared service network for ATMs and POS through a shared switch, is also planning to extend its network to Banepa, Pokhara, Birgunj, Dhangadi, Bhairahawa, Butwal and Nepalgunj.