Seylan Bank partners with PayHere to empower small businesses

Seylan Bank has joined hands with PayHere to empower small businesses in the country with online payments. This strategic partnership allows the new merchants to join PayHere with any local bank account.

Seylan Bank has long been a pioneer of digital banking in Sri Lanka, providing a wide array of products and services for individuals and enterprises. PayHere is a Fintech solutions provider which enables businesses and organizations to accept online payments from customers through multiple payment methods. The strategic partnership with Seylan Bank removes the bottleneck PayHere merchants had of needing to have a specific bank’s account, by enabling the use of their preferred business bank account to start accepting online payments via PayHere.

New businesses can join PayHere through its online application process and obtain all the services through a single service provider, instead of integrating with multiple payment services from a variety of service providers. The PayHere platform is built on a Central Bank approved payment and merchant acquiring model, and the strategic partnership with Seylan Bank further enhances the bank-backed security standards as well.