Colombo, August 21, 2021 - Seylan Bank, the Bank with a Heart, has unveiled the first-ever SME Debit Card for business banking customers to convert cash transactions to POS. The unique debit card will add convenience and security over the traditional cash and cheque payment options used by the segment, the Bank announced.

Seylan has always been at the forefront in supporting SMEs to develop their businesses, as they are the true backbone of the economy. The new SME Debit Card is a part of the Banks’ ongoing efforts to further empower SME clients with new tools to navigate the current environment. The bespoke business banking Debit Card can be used by SMEs to conveniently make payments through electronic platforms, make use of unique promotional offerings, and segregate business and personal payments at the same time.

The SME Debit Card is being offered by Seylan Bank for the first time, in place of the traditional cash and cheque payment options to the segment.  This will allow businesses more convenience including the ability to undertake POS transactions, give them better security over carrying cash, and enable easy reconciliation of payments. Seylan Bank is also invested in the continued well-being of the customer and will conduct exclusive educational workshops for cardholders to enhance their knowledge on related subject matters.