Seylan Bank has joined hands with PayHere to empower Sri Lankan small businesses with online payments. The strategic partnership with Seylan Bank removes the bottleneck PayHere merchants had of needing to have a specific bank’s account, by enabling the use of their preferred business bank account to start accepting online payments via PayHere. Seylan Bank contributed towards the growth of the PayHere merchant base, by mobilising over 300 merchants to date. This partnership with Seylan Bank has strengthened PayHere’s journey to realise its vision to digitise payments of every Sri Lankan business. The PayHere platform is built on a Central Bank-approved payment and merchant acquiring model, and the strategic partnership with Seylan Bank further enhances the bank-backed security standards as well.
