Further strengthening the partnership with MegaPay (Pvt) Ltd, one of Sri Lanka’s largest private sector banks, HNB PLC partnered with Pay&Go, a leading digital payment solution provider, to introduce an accessible and affordable card payment acceptance solution for Small and Medium Enterprises (SMEs) in Sri Lanka.
Through this partnership, SME entrepreneurs will be facilitated with advance POS system that will enable them to expand using both contact, contactless and QR transactions through Pay&Go Android POS terminals. HNB Head of Cards Gauthami Niranjan, and MegaPay (Pvt) Ltd General Director Vardan Aslibekyan, were present during the occasion.
“SMEs are a key driver of the Sri Lankan economy, accounting for 45% of all employment and more than half of all GDP. In the face of an unprecedented economic crisis, one of the surest paths to recovery is to provide these invaluable enterprises with the technology, tools and expertise to transform themselves to compete in an increasingly digital world. Our partnership with Pay&Go represents another major step forward in this vital effort to technologically empower Sri Lanka’s SMEs,” HNB Head of Cards Gauthami Niranjan said.
Through the partnership, HNB SME entrepreneurs will gain access to enterprise-grade advance payment acceptance solutions including bill payments, Peer-to-Peer transactions, and QR code payments. It will also enable low-cost payment acceptance along with several value-added services designed to provide SMEs with unprecedented access to new customer segments, leveraging robust e-commerce capabilities.
HNB SMEs will also have access to other services, such as payment options through mobile, utilities, internet, insurance, television, banks, wallets, online services and donations, radically optimizing each SME’s ability to transact with customers and other partners during the course of their daily operations.
“Currently, HNB has the largest portfolio of entrepreneurs in Sri Lanka, and this partnership will further accelerate the growth of our services in upgrading the country with seamless payment solutions for all business purposes. We look forward to working closely with HNB to leverage their advanced tech expertise to make the lives of our customers more accessible and better,” MegaPay (Pvt) Ltd General Director Vardan Aslibekyan said.
MegaPay (Pvt) Ltd, operating under the brand name “Pay&Go”, is one of Sri Lanka’s leading providers of innovative payment processing and tech solutions for payment collections. They offer customers a quick, easy and reliable system for making financial transactions such as bill payments, P2P transfers, QR Payments and many more through their 1000+ islandwide network of self-service kiosks, mobile applications and Android smart POS terminals.
With 256 customer centres, HNB is one of Sri Lanka’s largest, most technologically innovative private banks. Consolidating its legacy in sustainability, good governance and corporate excellence, HNB was crowned the Best Corporate Citizen for 2022 at the Ceylon Chamber of Commerce Best Corporate Citizen Awards. The bank further secured 4 additional accolades including being ranked among the Top 10 Best Corporate Citizens and taking home the Governance category and Sustainability Champion for the Finance sector titles. Additionally, HNB was ranked among the World Top 1,000 Banks list compiled by the prestigious UK-based Banker Magazine for the sixth consecutive year in 2022, in addition to being crowned the Best Retail Bank in Sri Lanka for the 12th occasion at the prestigious International Excellence in Retail Financial Services Awards 2022 hosted by the Asian Banker Magazine.