HNB records over Rs. 100 b in volume on PAYFAST for 1H

Business

Top local bank HNB PLC has announced that its secure, corporate payment platform, “PAYFAST”, had recorded over Rs.100 billion in volume during the first half of 2021.

Among the most cost-effective digital solutions offered by the bank, HNB PAYFAST facilitates multiple online transactions by debiting the company’s HNB account and crediting multiple beneficiary accounts at any bank of the user’s choice. Clients and companies can receive salaries, supplier, dividend payments, and make EPF/ETF /IRD contributions with greater ease, the bank said in a media release.

With an estimated 5000+ clients currently utilising PAYFAST, HNB continually improves the platform to ensure customer satisfaction. The most recent upgrades provides users the option of real- time payments to the Inland Revenue Department (IRD).

“HNB guarantees that absolute confidentiality is maintained with all transactions and continuously improves and upgrades the system’s security features. Internal security experts are regularly consulted to ensure that user data and privacy is not compromised,” the release said.

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