Further strengthening the partnership with MegaPay (Pvt) Ltd, 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 a POS system that will enable them to expand using both contact and contactless, as well as QR transactions through Pay Go
Android POS terminals.
“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 commenting on the partnership.
Access to a wider suite of tools
With Pay&Go, HNB SME entrepreneurs will gain access to enterprise-grade advanced 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. The idea is to help optimize 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 (Pay&Go) General Director Vardan Aslibekyan said.
Note: Article has been slightly amended for clarity
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