Sam­path Bank first to ac­cept Ali­pay pay­ments in Sri Lanka

Daily Mirror (Sri Lanka) - - FINANCE -

Sam­path Bank, one of Sri Lanka’s most in­no­va­tive banks, has be­come the first bank in the coun­try to part­ner with Ali­pay, the world’s largest on­line and off­line pay­ment plat­form op­er­ated by Ant Fi­nan­cial Ser­vices Group.

This lat­est part­ner­ship will al­low Sam­path Bank’s lo­cal mer­chant part­ners to tap in to the mul­ti­tude of in­com­ing tourists from China and the con­sid­er­able num­ber of Chi­nese na­tion­als liv­ing and work­ing in Sri Lanka. It will also pro­vide Chi­nese na­tion­als in the coun­try with greater con­ve­nience as they will be able to use Ali­pay to pay for goods and ser­vices in Sri Lanka.

“At Sam­path Bank, we con­tinue to lever­age emerg­ing tech­nolo­gies to trans­form the Sri Lankan bank­ing land­scape with in­no­va­tive so­lu­tions and of­fer greater lev­els of con­ve­nience to both busi­nesses and con­sumers. In line with this, we are de­lighted to be the first Sri Lankan bank to part­ner with Ali­pay and bring their suite of pay­ment so­lu­tions to this mar­ket. This part­ner­ship of­fers the grow­ing num­ber of Chi­nese na­tion­als vis­it­ing and re­sid­ing in Sri Lanka a se­cure and con­ve­nient means to pay for their pur­chases in the is­land, thereby help­ing lo­cal mer­chants boost sales vol­umes and earn more,” said Sam­path Bank PLC Group Chief In­for­ma­tion Of­fi­cer (CIO) Ajith Sal­gado.

Mer­chants of­fer­ing Ali­pay as a pay­ment op­tion in their store will re­ceive set­tle­ments in Sri Lankan Ru­pees. They can in­te­grate it into their ex­ist­ing pointof-sales ma­chines or sim­ply use the Ali­pay mo­bile app.

Com­ment­ing on this new part­ner­ship, South and South East Asia (SSEA) Ali­pay Cross-bor­der Busi­ness Gen­eral Man­ager Dr. Cherry Huang said: “China is now the se­cond largest tourist source mar­ket for Sri Lanka. In the first ten months of 2017, more than 230,000 Chi­nese tourists vis­ited the coun­try. Ali­pay is an ideal pay­ment op­tion for Chi­nese trav­el­ers who seek the unique ad­ven­ture and cui­sine Sri Lanka has to of­fer. Ali­pay also helps to bring the seam­less pay­ment ex­pe­ri­ence Chi­nese con­sumers en­joy at home to over­seas des­ti­na­tions. We are look­ing for­ward to work­ing with lo­cal part­ners to ex­pand the lo­cal mer­chant net­work, to ben­e­fit both the lo­cal econ­omy and Chi­nese tourists.”

In­terblocks is the tech­nol­ogy provider that fa­cil­i­tated the in­te­gra­tion of Ali­pay with Sam­path Bank’s sys­tems. “We are de­lighted to be a part of this part­ner­ship be­tween one of the world’s largest pay­ment pro­ces­sors, Ali­pay, and one of Sri Lanka’s most in­no­va­tive banks, Sam­path Bank. In­terblocks, as a pi­o­neer pay­ments tech­nol­ogy provider who em­pow­ered in­ter­net and mo­bile e-com­merce in Sri Lanka, once again will help Sam­path Bank bring Ali­pay to Sri Lanka, set­ting a stan­dard in QR code pay­ments, of­fer­ing con­sumers and mer­chants an un­matched pay­ment ex­pe­ri­ence,” said In­terblocks Ltd Man­ag­ing Di­rec­tor/chief Ex­ec­u­tive Of­fi­cer (CEO) Di­nesh L. Ro­drigo.

Es­tab­lished in 1987, Sam­path Bank has be­come a state-of-the-art fi­nan­cial in­sti­tu­tion that con­tin­ues to be a mar­ket leader to­day thanks to its con­stant in­no­va­tion and cus­tomer fo­cused ap­proach to busi­ness. Its unique tai­lor-made so­lu­tions, su­pe­rior ser­vices and con­ve­nience of ac­cess have al­lowed Sam­path Bank to fur­ther dif­fer­en­ti­ate it­self from the com­pe­ti­tion and stand out as the bank of choice for many in Sri Lanka.

Sam­path Bank PLC Man­ag­ing Di­rec­tor Nanda Fer­nando ex­chang­ing the agree­ment with South and South East Asia (SSEA) Ali­pay Cross-bor­der Busi­ness Gen­eral Man­ager Dr. Cherry Huang in the pres­ence of rep­re­sen­ta­tives from Ali­pay, In­terblocks and Sam­path Bank

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