HNB announces landmark partnership with CyberSource

 From left: Visa Intl Director – Sri Lanka and Maldives Avanthi Colombage, Visa Intl Country Manager – Sri Lanka and Maldives Anthony Watson, Visa Intl Group Country Manager – India and South Asia T.R. Ramachandran, HNB Managing Director/CEO Jonathan Alles, HNB Deputy General Manager, Retail Banking Sanjay Wijemanne and HNB Head of Cards Roshantha Jayatunge

• CyberSource, a Visa platform, is a world-class payment gateway handling volumes in excess of $ 467 billion globally
• Cloud-based platform enables merchants to safely accept payments across sales channels
• Platform to cover mobile, online browser, in-app, POS/mPOS, and Contact Centre payments

HNB yesterday announced a landmark new partnership with Visa to launch its globally-renowned integrated ecommerce payment management service, CyberSource, across the bank’s entire merchant network.

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 utilise 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 $ 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,” Visa Group Country Manager for India and South Asia T.R. Ramachandran 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 Visa’s Country Manager for Sri Lanka and Maldives Anthony Watson.Standing as one of Sri Lanka’s most digitally innovative banks, HNB enjoys the largest market share in merchant acquisition throughout the island.

The bank has continuously invested in introducing new technology to merchants including Dynamic Currency Conversion on foreign cards, processing, in-app payments through tokenisation, and mobile POS payments through HNB MOMO. Ably supported by a strong branch network and regional support hubs, the bank is committed to adding value to the country’s ever-expanding merchant network.