Seylan Bank redefines FinTech collaboration as exclusive processor on Helakuru

(LANKAPUVATH | COLOMBO) –  Representing its continued efforts to enable efficient partnerships and collaborations within the FinTech ecosystem of Sri Lanka, Seylan Bank, the Bank with a Heart, recently partnered with Bhasha Lanka (Pvt) Ltd in an effort to become the direct-debit payment processor for the Helakuru Superapp.

This development means that any Helakuru user who uses the app to make payments towards utilities, services or merchants, will do so via Seylan Bank’s use of LankaPay’sJustPay service. As JustPay enables users to withdraw funds from any bank. any bank account for these transactions, Helakuru users have a world of convenience at their fingertips.

Seylan Bank has understood that mobile banking applications have inherent limitations where account access is provided only to Account holders of the relevant bank. However, identifying the need to enrich the eco system by further developing the FinTech platform, Seylan Bank identified the need and enabled the customers toadd bank accounts from any bank to carry out their transactions on Helakuru, all of which will be processed by Seylan Bank.

“Seylan Bank constantly looks at wholistically understanding the needs of all customers and thereby enabling products and services that will empower them withbetter access to financial and banking facilities. This partnership re-defines how we look at collaborations because we are not limiting our facilities to Seylan customers only. It is yet another step towards using relevant technology to offer better services to our people,” stated Chaminda Senewiratne, Head of Digital Banking, Seylan Bank.

“We are elated to have one of Sri Lanka’s leading banking institutions join hands with us in our journey to empower the lives of masses with simplified digital services. Seylan Bank is the ideal partner for us as their efforts to push towards the digitalisation of our society has been more than apparent in recent times. I am confident that this is only the start of a fruitful and longstanding partnership within the digital payment ecosystem in the country,” said DhanikaPerera, CEO, Bhasha Lanka Pvt Ltd.

In addition to its efforts towards driving a complete digital lifestyle among Sri Lanka’s citizens, this partnership allows for Seylan Bank to reach and enrich a large segment of customers within and outside the Banks’ ecosystem, ultimately leading to a more digitally inclusive nation.

HelakuruSuperapp currently has over 4 million active users which is the largest active user base for a home-grown mobile app, translating to an even larger customer base that is now empowered with the ability to make payments via the app. As Seylan Bank looks forward to a cashless future, efforts such as this stand as a testament to the importance of collaborations with the many FinTechs present in Sri Lanka.The partnership between Helakuru and Seylan Bank will certainly add to the platform which offers multiple digital services, leading to a more digitally empowered citizenry.

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