Seylan Bank partners with PayHere to empower biz with online payments

Chaminda Senewiratne - Head of Digital Banking Channels - Seylan Bank (left) and  Dhanika Perera– Chief Executive Officer – PayHere

Seylan Bank has joined hands with PayHere to empower Sri Lankan small businesses with online payments. This strategic partnership allows the new merchants to join PayHere with any local bank account.

Seylan Bank has long been a pioneer of digital banking in Sri Lanka, providing a wide array of products and services for individuals and enterprises. 

PayHere is a Fintech solutions provider which enables businesses and organizations to accept online payments from customers through multiple payment methods. 

The strategic partnership with Seylan Bank removes the bottleneck PayHere merchants had of needing to have a specific bank’s account, by enabling the use of their preferred business bank account to start accepting online payments via PayHere. 

Seylan Bank contributed towards the growth ofthe PayHeremerchant base, by mobilizing over 300 merchants to-date.This partnership with Seylan Bank has strengthened PayHere’s journey to realise its vision to digitize payments of every Sri Lankan business.

New businesses can join PayHere through its online application process and obtain all the services through a single service provider, instead of integrating with multiple payment services from a variety of service providers. The PayHere platform is built on a Central Bank approved payment and merchant acquiring model, and the strategic partnership with Seylan Bank further enhances the bank-backed security standards as well.