Kathmandu, Nepal; May 4, 2014 SmartChoice Technologies (SCT), the pioneering leader in the electronic card payment industry in Nepal, today launched SCT MoCo mobile application for customers of SCT cards, in collaboration with FOCUSONE Payment Solutions SmartChoice Technologies has been in the business of cards and payments since 2001. The company was the first-of-its-kind initiative in Nepal creating an integrated shared services network (SCT-Network) for Automated Teller machines (ATMs) and Point-of-Sale (PoS) Terminals, managed through a national switch. It is the market leader in this industry with 78 banks and financial institutions with a network spanning 1600 ATMs, 3000 POS and bank branch network in almost every district in the country.
FOCUSONE Payment Solutions, a subsidiary of FOCUSONE Nepal, is a leader in the field of mobile financial application software development and related services. The company delivers powerful standard based mobile application service platforms for financial solutions.
SCT MoCo is a mobile commerce solution that enables SCT cardholders to use their smart phones to access their bank accounts and make On-Site or Off-Site financial transactions. With this application, available for both iPhone and Android smart phones, customers of SCT member banks can use all of their SCT cards from just one application. Once downloaded from App store or Play store you have to follow a few easy steps to complete a quick and hassle free sign up and you are ready to start using SCT MoCo at any time and from anywhere.
SCT MoCo is free to download and with no additional cost to the customer for any transactions except balance inquiry, which costs only Rs 3. Further, since the application is internet based and not SMS based, it costs nothing to transact and can be used from anywhere in the world. For security the application employs 2 factor authentication and a 256 bit SSL encryption