HNB acquires the single largest merchant network in Sri Lanka. Through the new partnership, HNB will offer its merchant network enhanced e-commerce and m-commerce functionality, enabling them in turn to provide customers with seamless, robust and secure payment experiences.
“The future of commerce is undoubtedly digital, and that is why we are excited to enter into this milestone agreement with Visa in order to introduce the CyberSource payment gateway to Sri Lanka. CyberSource is a platform that forms the backbone of some of the largest e- commerce marketplaces in the world. Moving forward we aim to utilize this powerful platform to provide agile payment management for the Sri Lankan digital economy,” HNB Deputy General Manager, Retail Banking, Sanjay Wijemanne said.
Built on secure Visa infrastructure, CyberSource managed over US$ 467 billion in global transactions in 2018. The platform helps merchants worldwide grow sales, protect their brands and operate with greater agility. CyberSource customers include some of the largest and leading merchants and marketplaces in India’s digital commerce space.
“Online shoppers look for frictionless e-commerce experiences that combine ease of use with security. CyberSource provides merchants with highly secure environments and customers with a simple payment experience, the combination of which drives more traffic and transactions. Globally, CyberSource has proven to be highly scalable, capable of handling huge transaction volumes while focusing on user experience and transaction security.
Given that HNB is at the forefront of a digital evolution in the Sri Lankan banking sector, we are pleased to announce our first ever CyberSource partnership in Sri Lanka with them and help grow the country’s e-commerce sector,” TR Ramachandran, Group Country Manager for India and South Asia, Visa said.
“Sri Lanka is continuing its strong digital journey and ecommerce is growing rapidly through the extended reach of mobile and internet connectivity with consumers across the island. We are very pleased to provide HNB with our secure payment gateway CyberSource and will continue to empower Sri Lanka with more industry leading payment products” said Anthony Watson, Visa’s Country Manager for Sri Lanka and Maldives.
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