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STC network Entering the International Market

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STC network Entering the International Market
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June 9: STC Network, an established automated teller machine (ATM) network in Nepali banking and financial sector is entering international market. The domestic brand of network is operated by Smart Choice Technology Pvt. Ltd. The network is going to enter the global market in collaboration with China Union Pay and Discover Financial Services.

Currently, China Union Pay is the world’s highest ATM card circulating company. China Union Pay ATM cards can be used in more than 150 countries. Similarly, ATM cards of Discover Network can be used in more than 100 countries. Sameer Bajracharya, Chief Technical Officer of the Smart Choice Technology informs of finalising tie-ups with both the companies. Earlier, STC ATM card can be used in Nepal, India and Bhutan only. After the agreement, it can be used in various countries that have Union Pay and Discover Network.

The company informs that individuals on foreign trip can withdraw money as per “Visit Quota” mentioned in monetary policy of Nepal.

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