HNB powers real-time online payments to IRD with LankaClear

HNB PLC has joined hands with LankaClear (Pvt) Ltd. to pioneer the real-time online direct payment facility to the Inland Revenue Department (IRD) through its corporate payment solutions platform PAYFAST.

The partnership offers HNB business clients’ direct access to the IRD 24/7 throughout the year for payments directly from their accounts connected to HNB PAYFAST. The funds will be credited to the department’s accounts in real-time, with customers provided with a digital proof of payment when the transaction is complete, the bank said in a media release.

It said HNB PAYFAST is among the most cost-effective digital banking solutions for HNB clients, without any hidden charges, facilitating multiple online transactions by debiting the company’s HNB account and crediting multiple beneficiary accounts at any bank of the user’s choice. Through the convenience of PAYFAST, clients process salaries, supplier and dividend payments, and make EPF/ETF contributions with greater ease.

HNB guarantees that absolute confidentiality is maintained with all transactions and has taken measures to strengthen and upgrade the system’s security features. Internal security experts are regularly consulted to ensure that user data and privacy is not compromised.

HNB offers various digital solutions to all customers and their businesses, which has earned them the acclaimed title of “Partner in Progress”. The bank caters to a wide range of businesses, including SMEs, emerging corporates, and high-end corporate brands, with the latest in digital banking technology, the statement added.