HNB sets new standard for digital trade services in Sri Lanka

HNB CEO Damith Pallewatte (extreme right) officially launches the TradeX platform

HNB PLC has launched TxB TradeX - its next-generation Digital Trade Finance platform, in collaboration with IFINITY Global (Pvt) Ltd, setting a new standard for digital trade services in Sri Lanka.

An enhancement of HNB’s existing TxB suite, TradeX offers a seamless and secure digital interface for managing the full spectrum of Trade Finance operations from Letters of Credit and Shipping Guarantees to import/ export bill processing, SLPA payments, and ASYCUDA settlements. 

The platform is built to simplify and digitize Trade documentation and approval processes, enhancing speed, visibility, and efficiency across the Trade Finance lifecycle.

Speaking at the official launch, HNB Managing Director/Chief Executive Officer, Damith Pallewatte said, “Banking digitalisation has the potential to be one of the greatest catalysts of economic growth for Sri Lanka. Today, the digital economy contributes to less than 5 percent to GDP, a figure that highlights not only the gap in digital adoption, but also the enormous opportunity ahead. 

TxB TradeX is part of HNB’s response to that opportunity. By digitising trade finance from end to end, we are addressing critical bottlenecks in how Sri Lankan businesses engage with global markets. Platforms like this will be essential to accelerating growth, improving competitiveness, and building a more connected and resilient economy.”

The platform is powered by technology from Finastra, with IFINITY serving as the local implementation partner. TxB TradeX will be introduced to HNB’s Trade clients supported by simplified onboarding and extensive training to ensure ease of use and adoption.