Seylan Bank recently signed an agreement with Union Pay International (UPI), to enable UnionPay Credit and Debit Cardholders to use the bank’s ATM and Point of Sale (POS) network to carry out financial transactions locally.
The partnership permits UnionPay Cardholders from China and other parts of the world to withdraw cash from the bank’s 210 ATM terminals in the country and carry out card payments at over 15,000 merchants, equipped with Seylan’s MPAY/POS system.
Seylan Bank Retail Banking Deputy General Manager Tilan Wijeyesekera said, “As one of the country’s leading private banks, we believe that this tie-up will play a role in furthering the local tourism and trade potential.”
“As China continues to grow with its record-breaking outbound tourism across the Asian region, the partnership will strengthen the local resources to support the influx of Chinese tourists to Sri Lanka,” he said.
Seylan Bank Head of Cards Jayanath Dias said, “We have taken steps to improve our POS and ATM terminals with state-of-the-art technology.”
“With a focus on a ‘less cash’ economy, we introduced Seylan MPAY in 2016. Seylan MPAY has become the most sought after POS solution due to its convenient, reliable and secure payment system.”
“We are aligning services to uplift our ATM and infrastructure network to fulfil the standards of Payment Application Data Security Standard (PA DSS) PCI - DSS standards,” he said.