Seylan Bank, in collaboration with Google and Mastercard, has launched Google Pay for its Mastercard debit and credit cardholders, marking another milestone in Sri Lanka’s shift towards cashless, mobile‑first payments.

With this launch, Seylan Bank customers can add their Mastercard cards to Google wallet and make fast, secure, and contactless Tap & Go payments through their NFC‑enabled Android smartphones. Payments can be made both locally and internationally at all Mastercard acceptance locations, eliminating the need to carry a physical card.

The introduction of Google Pay underscores Seylan Bank’s commitment to advancing secure digital payments and enhancing everyday convenience for customers through globally accepted payment solutions.

Google Pay leverages advanced tokenisation technology to protect every transaction. Instead of card details, transactions are completed using unique digital tokens, ensuring sensitive information is never exposed to merchants or stored on external devices. Further, each transaction is securely authenticated through a one‑time password or bank verification, delivering a seamless payment experience that combines global security standards with ease of use. The solution supports a wide range of use cases, including retail purchases, dining, commuting, and online payments.

This launch builds on the momentum of Google Pay’s expansion in Sri Lanka and reinforces Seylan Bank’s role in widening access to trusted digital payment solutions. Mastercard continues to collaborate with leading financial institutions and technology partners to accelerate digital adoption and enable innovative payment experiences across the country.

Ruchith Liyanage, Head of Cards at Seylan Bank, said, “At Seylan Bank, we remain focused on enhancing our digital offerings to meet evolving customer expectations. The introduction of Google Pay for our Mastercard cardholders reinforces our commitment to convenience, security, and innovation in everyday banking.”

Mahesha Amarasuriya, Country Manager, Sri Lanka, Mastercard said, “This collaboration reinforces Mastercard’s commitment to advancing secure, innovative, and convenient payment solutions in Sri Lanka. By enabling Google Pay, we are empowering Seylan Bank customers with a seamless, globally trusted digital payment experience that fits naturally into their everyday lives.”

Mastercard (NYSE: MA),www.mastercard.com

Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re building a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.

The post Seylan Bank enables Google Pay for Mastercard cardholders in Sri Lanka appeared first on Newswire.

Reinforcing its commitment to Sri Lanka’s business community, Sampath Bank has introduced the Mastercard Business Credit Card, a dedicated solution designed to support the financial and operational needs of Small and Medium Enterprises (SMEs). Developed in partnership with Mastercard, the latest addition is geared towards improving cash flow, enhancing financial flexibility, and enabling smarter day-to-day business management.

Recognising the vital role SMEs play in economic growth, the card offers tailored features including flexible repayment options with instalment plans to support cash flow, customisable credit limits aligned to business performance, and ultra rewards loyalty points on business-related spending. Businesses also benefit from unmatched local and global offers, enhanced security features, online platform access to monitor and settle payments, strengthening transparency andcreating opportunities to integrate broader SME banking solutions.

Commenting on the launch, Darshin Pathinayake, Chief Business Intelligence Officer, Sampath Bank, stated, “The introduction of the Mastercard Business Credit Card reflects our focus on empowering SMEs with practical financial tools that support growth, improve cash flow management, and strengthen operational control. As businesses navigate an increasingly dynamic environment, access to flexible and intelligent financial solutions becomes essential to sustaining momentum and unlocking new opportunities.”

Cardholders gain access to a range of value-added benefits, including Lounge Key membership for global airport lounge access, and year-round credit card promotions. Additional advantages such as exclusive extended settlement plans, a cash advance facility of up to 50% of the credit limit, and reward points for every spend further enhance its appeal.

Complementing the SME-focused offering, Sampath Bank has also introduced the Mastercard Purchasing Card, designed to streamline procurement and expense management for corporates. Positioned within the Bank’s Corporate Cards portfolio, the solution enables organisations to manage operational expenses with greater control, visibility, and security.

The Mastercard Purchasing Card further supports organisations through transaction controls, merchant category restrictions, and consolidated reporting. Automated bill payments, SMS alerts, and e-statements provide real-time tracking and transparency, while integration with the Sampath Vishwa Corporate portal enables businesses to view balances, settle statements, adjust limits, and access reports through a secure, centralised platform.

Commenting on the collaboration, Sandun Hapugoda, Country Manager, Sri Lanka and Maldives, Mastercard, said, “This association underscores Mastercard’s ongoing commitment to advancing digital payment solutions for businesses across Sri Lanka. Leveraging our global network, robust security standards, and innovation capabilities, the new cards are designed to support the growth of SMEs and streamline procurement and payment processes for corporates in an increasingly digital economy.”

The dual launch reflects Sampath Bank’s continued focus on delivering relevant, forward-looking solutions that address the evolving needs of both SMEs and corporates, supporting sustainable business growth across Sri Lanka.

The post Sampath Bank unveils ‘Mastercard Business Credit Card’ to power SME growth appeared first on Newswire.

Mastercard has announced the launch of two new payment solutions in Sri Lanka—Soundbox and Cloud Commerce marking a major step forward in expanding access to simple, secure, and affordable digital payments for small enterprises.

Unveiled at the recent Access Unlocked Summit, the new solutions reiterate Mastercard’s commitment to helping merchants participate confidently in the country’s growing digital economy.

Developed in collaboration with Ceylon Business Appliances (CBA), Commercial Bank of Ceylon, Payable Pvt Ltd, and Hatton National Bank (HNB), Soundbox is a first for Sri Lanka and allows merchants to accept multiple payment types including QR and card payments using a single piece of equipment.

A compact, easy-to-use device, Soundbox delivers instant audio confirmation for every successful transaction, helping merchants verify payments in real time without slowing down their business. Designed with speed and simplicity in mind, the solution reduces checkout delays and removes the need for multiple payment machines.

Priced well below traditional point-of-sale (POS) devices, Soundbox is set to further accelerate digital payment acceptance among small businesses that have previously found POS infrastructure too costly or complex.

In a parallel launch, Mastercard and Payable Pvt Ltd, in collaboration with Commercial Bank of Ceylon, introduced the Cloud Commerce solution, with a live transaction demonstrated at the event.

With Mastercard Cloud Commerce, a merchant’s own NFC enabled smartphone becomes a secure payment terminal eliminating the need for dedicated hardware. The solution supports Tap & Go card payments and QR transactions, making it ideal for mobile businesses and merchants on the move.

Built for flexibility and scale, Cloud Commerce also offers multi language support and digital transaction records, helping merchants manage payments efficiently in fast paced environments. Together, these launches represent a significant milestone in Mastercard’s efforts to expand digital payment access and support financial inclusion in Sri Lanka.

Sandun Hapugoda, Country Manager, Sri Lanka and Maldives, Mastercard, said, “With the launch of Soundbox and Cloud Commerce, we are removing key barriers that have traditionally limited small businesses from adopting digital payments. By offering simple, affordable, and secure solutions that work with minimal hardware, we aim to enable merchants of all sizes to participate in Sri Lanka’s growing digital economy.”

The post Mastercard strengthens Sri Lanka’s digital payments ecosystem with two major launches appeared first on Newswire.