Sampath Bank PLC in partnership with Paycorp International (Private) Limited, a wholly-owned subsidiary of Bancstac (Paycorp International), became one of the first local bank to enable businesses to automatically generate dynamic merchant LankaQR codes through the Sampath Bank Payment Gateway without any technical integration required by the merchant. This innovation allows businesses to accept payments from all LankaQR enabled apps and digital wallets at much lower transaction costs than traditional credit card payment methods.
Sampath Bank customers at present can accept payments from Visa, Master card and Union Pay International card through the Sampath Payment Gateway and in partnership with Paycorp International, businesses can also accept American Express, Diners Club and Discover Network.
Sampath Bank Assistant General Manager Card Centre Darshin Pathinayake said: “At Sampath Bank, we have always strived to leverage emerging technologies to deliver innovative solutions that transform Sri Lanka’s financial services landscape, and add more value to the nation. Empowering businesses with the necessary finances and the right solutions through every stage of their growth journey remains one of our key areas of focus. We have continued to enable businesses to take their first steps into the world of digital commerce.