Business
HNB partners Keells supermarkets to disrupt digital payments with Dynamic QR
Sri Lanka’s most innovative private sector bank HNB PLC partnered with leading supermarket chain Keells to enable LANKA QR payments by facilitating Dynamic QR (Quick Response) transactions for the merchant’s PoS (Point of Sales) terminals supporting the nation’s next evolution in cashless and contactless payments island-wide for tier-one merchants as part of the Central Bank of Sri Lanka’s (CBSL) LANKAQR Janagathakaranaya campaign.
The tech evolution brought about by the partnership supports the regulator’s national goal of ensuring all QR code-based transactions in the country are standardized and interoperable, facilitating faster, more secure and low-cost digital payments to merchants.
“Since the onset of the pandemic, many customers and merchants have been quick to convert to contactless and cashless payments. At first a lot of this conversion was driven by the need to continue transacting while staying socially distanced. But with more merchants and strong word-of mouth, we are seeing a new wave of users coming on-board for the convenience and reliability of platforms like SOLO, HNB PLC Managing Director/CEO Jonathan Alles said.