Upay payment app powered by SDB bank

Wednesday, 7 August 2019 00:00 - - {{hitsCtrl.values.hits}}

UPay, Sri Lanka’s payment platform, enables one to register multiple bank accounts and multiple cards securely for payments, which makes this truly ‘Sri Lanka’s payment app’. SDB bank expects this new venture to pay

SDB bank CEO Thilak Piyadigama

dividends by enabling the bank to provide a much more enhanced experience to the digital enthusiasts.

Expressing his views on this significant step by the SDB bank, CEO Thilak Piyadigama elaborated: “This initiative by the SDB bank is important in many ways. For one, this marks a new chapter of our digital journey as this provides our customers with access to a wide range of digital payment options and additional services. This will definitely complement their life style and add to the quality of life by simplifying daily chores. On the other hand, we are glad to be actively involved in a mission to drive the country towards a cashless society, directly contributing to the country’s development. We also believe that digital innovations of this nature are important in reaching out to the under-banked population, a goal that’s embedded in the very roots of the SDB bank.”

UPay allows customers to simply link their bank accounts and credit/debit cards to the app. This enables customers to seamlessly purchase products or services without having to physically handover cash or swipe a card. UPay also provides customers with access to essential services such as mobile top ups, utility bill payment, channeling doctors etc. without the hassle and delay of paper checks, simply at the convenience of their fingertips. The app is loaded with special features, each carefully designed to meet a specific need of the customer such as ‘My Payee List’ or ‘Scheduled Payments’ which enable a customer to automate, track and manage all recurring payments to vendors and service providers.

SDB bank is a licensed specialised bank regulated by the Central Bank of Sri Lanka and listed on the Main Board of Colombo Stock Exchange, with a Fitch rating of BB+ (Stable), which offers a wide range of financial services for clientele of all walks of life. The bank’s main focus is to provide ground breaking financial solutions to the SME and cooperative sectors. The bank takes pride in its 94-branch network and over 5,000 ATM points which makes SDB that much closer to the end consumer. The bank is now geared for the fintech storm with its latest acquisition of the multifaceted UPay platform.