Seylan Bank partners Mastercard

• Initiative to facilitate MasterCard Payment Gateway Services

Seylan Bank Head of Digital Banking Channels Chaminda Senewiratne

Mastercard Sri Lanka Country Manager Rajesh Mani

Seylan Bank, the Bank with a Heart, recently partnered with Mastercard to integrate MasterCard Payment Gateway Services (MPGS) – a technology platform to enable easy and secure acceptance of a wide range of digital payment methods for Seylan customers.

As the need for digitisation of banking products and services grows globally, banks are continuing to evolve their Internet Payment Gateways (IPG) to introduce new technologies offering heightened customer convenience and security of digital transactions. By partnering with Mastercard and facilitating the MPGS platform, Seylan customers, merchants, and industry partners will benefit from a range of features, delivering an enhanced user experience.

Commenting on this, Seylan Bank Head of Digital Banking Channels Chaminda Senewiratne said, “The MasterCard Payment Gateway Service will transform digital transactions, further eliminating the need for cash payments. We at Seylan Bank, are proud to partner with Mastercard, one of the world’s leading payment platforms to offer our customers the MPGS service. Our customers can now experience an elevated, secure, reliable, and fast digital payment process, making the payment gateway a desirable channel giving merchants a chance to take their businesses global and accept payments from customers through the gateway. We will continue our commitment to provide value-added services for our customers, by continuously investing and upgrading our service offerings.”

Speaking on the partnership, Mastercard Sri Lanka Country Manager Rajesh Mani said, “With MasterCard Payment Gateway Services (MPGS) we aim to deliver enhanced purchase experiences to Seylan Bank consumers backed by our trusted technology. Through the unique combination of our advanced gateway technology and our global network, MPGS enables merchants to accept consumer payments from multiple brands all over the world through any channel. For partners, it provides a fast, simple, and secure solution for payment processing and fraud prevention.” The MPGS platform also covers a range of value-added services to further enhance user experience and provide merchants with a competitive edge, including hosted payment options, reducing merchant needs to handle sensitive consumer card information, flexible payment schedules enabling customers to set up ongoing payments in advance, tokenisation for security purposes, eliminating the need to re-enter card details when doing multiple transactions from the same merchant, sophisticated merchant management portal including a dashboard interface, virtual terminal, and online reporting functions.

Through a mobile-optimised interface, MPGS also enables online documentation, dynamic currency conversion, token format options, and developer-friendly application programming interface (API) software. Through this partnership, Seylan Bank aims to bring greater convenience to customers by enabling them to benefit from a host of value-added features providing a seamless digital transactional experience.

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 service. The Bank has a growing clientele of SMEs, Retail and Corporate Customers and has expanded its footprint with 173 branches across the country and an ATM network of 216 units.