Sampath Bank - first local bank to enable dynamic presented Merchant LankaQR Codes

Business

Sampath Bank PLC, in partnership with Paycorp International has become the first local bank to enable businesses to automatically generate dynamic merchant LankaQR codes through the Sampath Bank Payment Gateway without any technical integration required by the merchant.

This innovation allows businesses to accept payments from all LankaQR enabled apps and digital wallets at much lower transaction costs than traditional credit card payment methods, the bank said in a media release.

Sampath Bank customers at present can accept payments from Visa, Mastercard and UnionPay International card through the Sampath Payment Gateway and in partnership with Paycorp International, businesses can also accept American Express, Diners Club and Discover Network.

Darshin Pathinayake, Assistant General Manager Card Centre, Sampath Bank, said: “We are excited to strengthen our partnership with Paycorp International and in so doing enhance our customers’ payment acceptance capabilities. Sampath Bank business and government customers may now seamlessly accept payments from six of the world’s major issuers and LankaQR, which will help drive sales and business growth.”

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