HNB partners Pay&Go to roll out POS systems for SMEs

HNB Head of Acquiring and Digital Payment Solutions Zacky Ahamed (fourth from left) and Pay & Go General Director Vardan Aslibekyan showcasing the payment acceptance device in the presence of (from left): HNB Aggregator Solutions Executive Kanishka Vishvanath, Product Head – Merchant Services and Digital Pay Products Gayan Gunawardena, Head of Cards Gauthami Niranjan, Pay & Go Head of Technical Tigran Hakobyan, Head of Operations and Customer Support Gayan Chandrarathne, and Team Leader – Sales Praveen Shanaka

Empowering SMEs at the grassroots, Sri Lanka’s leading private sector bank, HNB PLC, partnered Pay&Go to launch its groundbreaking POS system, offering businesses accessible and affordable payment solutions.

“We believe that technology and digital initiatives play a pivotal role in boosting SME growth and, in turn, our nation’s economic well-being. Representing over 75% of Sri Lanka’s enterprises, SMEs are the engines that drive inclusive economic growth, regional development, job creation, and poverty reduction. Equipping them with tools for sustainable growth in today’s business landscape is a must for our country’s progress, and we are proud to roll out this initiative with Pay&Go to facilitate this crucial journey,” HNB Head of Cards Gauthami Niranjan said.

Under the first phase of the initiative, HNB together with Pay&Go will roll out the terminals to SMEs in the Western, Southern and Central Provinces. Entrepreneurs will gain access to enterprise-grade advance payment acceptance solutions, including bill payments, Peer-to-Peer transactions, and QR code payments. The initiative will also enable low-cost payment acceptance and several value-added services designed to provide businesses unprecedented access to new customer segments by leveraging robust payment acceptance capabilities. 

Notably, the bank will offer customers a plethora of additional services, ranging from mobile payments and utilities to internet services, insurance, television subscriptions, and online banking solutions. The comprehensive suite of services radically streamlines each SME’s ability to seamlessly transact with customers and partners, enhancing their daily operational efficiency.

MegaPay Ltd. General Director Vardan Aslibekyan said: “Digital advancements are imperative for sustainable growth in today’s business landscape. The bank’s extensive SME portfolio and commitment to supporting businesses through this transformational period ensures they are the ideal partners for this initiative. We look forward to working with HNB in connecting businesses with new market segments while offering convenient payment solutions.”