Seylan Bank unveils Visa Business Banking Debit Card

Seylan Bank recently unveiled the first-ever Seylan-Visa Business Banking Debit Card for its SME customers to convert cash transactions to POS.

“This unique debit card will add convenience and security over the traditional cash and cheque payment options used by the segment,” the bank said in a media release.

The new Visa Business Banking Debit Card is a part of the bank’s ongoing efforts to further empower SME clients with new tools to navigate the current environment. The bespoke Visa Business Banking Debit Card can be used by SMEs to conveniently make payments through electronic platforms, make use of unique promotional offerings, and segregate business and personal payments at the same time, the release said.

MSMEs (medium and small businesses) account for more than 90% of registered entities in Sri Lanka and have been most impacted by the pandemic. “Seylan Bank goes above and beyond for the sector, providing many other services such as digital payment solutions, trade services, cash management services, sales ledger management and value-adding services such as providing banking and financial advisory, facilitating technical expertise, conducting business seminars and workshops which nourish their growth,” it said.