Seylan Bank Launches SeylanPay QR Payment Solutions

Seylan Bank recently announced the launch of ‘SeylanPay’, QR code-based payment solution as the latest addition to the digital product range of the bank. The launch marks a key milestone in the bank’s journey and supports Seylan’s strategic direction towards a cashless, paperless and branchless banking model and an enriched payment ecosystem in Sri Lanka, it said in a media release.   

Kapila Ariyaratne, Director / Chief Executive Officer, Seylan Bank said, “Digital banking is the future of the banking and finance industry, and SeylanPay quick response (QR) with its user friendly outlook and convenience of use in varied situations is an ideal addition to the industry, enabling the use of smartphones to carry out secure transactions. Seylan Bank has always been a leader in digital banking in Sri Lanka, leading from the front in introducing Internet and Mobile Banking, Internet Payment Gateways, and Merchant Portal Services, ensuring utmost convenience to all Seylan customers. The SeylanPay payment solution will add convenience to our customers in their busy lives, and we are excited to offer them this opportunity.”

Seylan Bank’s Head of Digital Banking, Chaminda Senewiratne said: “With the introduction of SeylanPay QR payment solution, Seylan bank customers can truly be part of the digital payment revolution in the country. Not only is the payment system convenient, fast and secure for customers to make payments, it is also an ideal solution for small merchants and daily wage earners to collect funds hygienically during this time, in a cost effective, secure and convenient manner.”

Seylan customers can easily download and self-activate the SeylanPay app and register through a simple process. Once the App is installed, customers can simply Scan and Pay at any EMVCo Standard Visa, MasterCard and LankaQR acquiring merchant to complete a financial transaction. A payment notification will be received by both the customer and merchant once the transaction is completed with funds credited to the merchant’s bank account instantly, and all sales automatically consolidated in a report format. Customers too will have clear idea of all transactions they have performed. SeylanPay merchants can accept payments from both Seylan Bank and other bank customers through the respective bank’s mobile payment application supporting Visa, MasterCard, and/or LANKAQR QR code. SeylanPay will facilitate merchants ranging from small to larger scale business ventures to accept transactions and enhance their sales turnover and business growth.