ComBank-Abans forge landmark partnership with POS and digital payments rollout

Commercial Bank Deputy General Manager Personal Banking S. Ganeshan and Abans Group Director Dr. S. Dubash exchange the agreement in the presence of senior representatives of the two companies

Commercial Bank of Ceylon is to roll out a major point-of-sale (POS) and digital payments solution across the national retail network of Abans PLC – in a partnership that sets a new benchmark for bank-retailer collaborations in the country and underscores the bank’s capacity to deliver enterprise-grade acquiring infrastructure.

This agreement will make Abans one of the leading digitally enabled retailers in Sri Lanka, with a network of over 400 outlets across the country, equipping its outlets to accept payments across all major international and domestic card schemes as well as QR payments, while seamlessly integrating with the company’s enterprise resource planning (ERP) and supply chain management (SCM) systems at the scale, security, interoperability and resilience required by modern retail.

“This partnership is a showcase of technology leadership,” Commercial Bank Deputy General Manager Personal Banking S. Ganeshan said. 

“By delivering an integrated POS and digital payment solution of this scale, we are enabling Abans to transact with the highest levels of security, interoperability and operational resilience. It is proof that Commercial Bank can architect complex payment ecosystems that match the needs of modern retail and align with the country’s digital future.”

Abans Group Director Dr. S. Dubash added, “Our priority has always been to combine innovation with customer-centricity. This deployment gives our customers faster, safer and more flexible payment choices while ensuring our back-end operations run with precision and efficiency. Partnering with Commercial Bank allows us to take a decisive step forward in digital retailing and reinforces our contribution to the national push towards a cashless economy.”