From left: Seylan Bank Head of Cards Ruchith Liyanage and Seylan Bank Chief Operating Officer Ramesh Jayasekara 

Seylan Bank, the Bank with a Heart, recently unveiled the first-ever Seylan-Visa Business Banking debit card for its SME customers to convert cash transactions to POS. 

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 part of the bank’s 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 percent 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.