Seylan Bank, the Bank with a Heart, has unveiled the first-ever Seylan-Visa Business Banking Debit Card for its SME customers to convert cash transactions to POS, on the 28th June 2021. The unique debit card will add convenience and security over the traditional cash and cheque payment options used by the segment, the Bank announced.
Seylan has always been at the forefront in supporting SMEs to develop their businesses, as they are the true backbone of the economy. The new Visa Business Banking Debit Card is a part of the Banks’ ongoing efforts to further empower SME clients with new tools to navigate the current environment. The bespoke Visa Business Banking Debit Card can be used by SMEs to conveniently make payments through electronic platforms, make use of unique promotional offerings, and segregate business and personal payments at the same time.
The Visa Business Banking Debit Card is being offered by Seylan Bank for the first time, in place of the traditional cash and cheque payment options to the segment. This will allow businesses more convenience including the ability to undertake POS transactions, give them better security over carrying cash, and enable easy reconciliation of payments. Seylan Bank is also invested in the continued well-being of the customer and will conduct exclusive educational workshops for cardholders to enhance their knowledge on related subject matters.
MSMEs account for more than 90% of registered entities in Sri Lanka and have been most impacted by the pandemic. Seylan Bank goes above and beyond for the sector, providing many other services such as digital payment solutions, trade services, cash management services, sales ledger management and value-adding services such as providing banking and financial advisory, facilitating technical expertise, conducting business seminars and workshops which nourish their growth.
Seylan Bank, the Bank with a Heart, operates with a vision to offer the ultimate banking experience to its valued customers through cutting-edge technology, innovative products, and best-in-class services. The Bank has a growing clientele of SMEs, Retail and Corporate Customers, and has expanded its footprint with 172 branches, 70 Cash Deposit Machines, 86 Cheque Deposit Machines and an ATM network of 216 units across the country. Seylan Bank has been endorsed as a financially stable organization with performance excellence across the board by Fitch Ratings, with the bank’s national long-term rating revised to ‘A’ (lka). The bank was ranked second among public listed companies for transparency in corporate reporting by Transparency Global and is now part of the S&P Dow Jones SL 20 Index. These achievements are a testament to Seylan Bank’s financial stability and unwavering dedication to ensuring excellence across all aspects.