Seylan Bank, the Bank with a Heart, recently launched ‘SeylanPay’ their unique QR code-based payment solution as the latest addition to their digital product range. A key milestone in the Bank’s journey, ‘SeylanPay’ supports Seylan’s strategic move towards a cashless, paperless, and branchless banking model and an enriched payment ecosystem in Sri Lanka.
With digital banking shaping up as the future of banking and finance, SeylanPay quick response (QR) with its user-friendly outlook and convenience 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, having introduced Internet & Mobile Banking, Internet Payment Gateways, and Merchant Portal Services adding convenience to customers.
Seylan Bank account holders can now make payments using their smartphones at LANKAQR certified merchants. In addition, SeylanPay customers can link their Credit or Debit Cards and enjoy card-less and cashless payments with security, convenience, simplicity, and speed as key factors in their day-to-day payment experience. Customers can download and self-activate the SeylanPay app on their devices 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.
The SeylanPay QR payment system is also an ideal solution for small merchants and daily wage earners to collect funds, in a cost-effective, secure and convenient manner. 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.
Seylan Bank, the Bank with a Heart, operates with a vision to offer the ultimate banking experience to its valued customers through cutting-edge technology, innovative products, and best-in-class service. Seylan Bank has been endorsed as a financially stable organization with performance excellence across the board by Fitch Ratings, with the bank’s national long-term rating revised upward, from ‘A-(lka)’ to ‘A (lka)’. The bank was ranked second among public listed companies for transparency in corporate reporting by Transparency Global. Seylan Bank has also been named the Most Popular Banking Service Provider in Sri Lanka in Customer Experience by LMD consecutively in 2019 and 2020.