HNB unveils Corporate Travel and Entertainment Payment Solution

Wednesday, 14 October 2015 00:00 - - {{hitsCtrl.values.hits}}

Hatton National Bank (HNB) announced yesterday it offers the corporate sector a payment card solution which streamlines travel and entertainment expenditure by shifting it to an electronic platform.

This solution provides companies centralized financial convenience by allowing them to manage the travel and entertainment expenditure incurred by employees on their behalf through a wholly electronic process.

The company can provide the payment card to individual employees with a preferred credit limit to cover their expenses and reimburse them as and when the need arises.

Roshantha Jayatunge, Senior Manager – Card Centre, commenting on the card solution stated:

“HNB is the preferred banking services provider for the corporate sector and we constantly endeavor to provide convenience to our corporate customers. Traditionally companies have been forced to use hard cash to reimburse their employees for travel and entertainment expenses, which is both cumbersome and time consuming. This solution will ensure that making payments is simple and efficient, which will ultimately help the smooth functioning of that company.”

HNB has partnered with MasterCard for this solution as it is the ideal platform to take this to customers. MasterCard is a leader in global payments and a technology company that connects billions of consumers and thousand of financial institutions.

Commenting on this collaboration with MasterCard, he further said: “We are excited about the next step in Payment solutions happening in Sri Lanka. There is a growing need for Corporates to streamline the process of employee expense accounts and MasterCard is geared to provide the right platform and facilitate the solution.”

As the second phase of this solution HNB will soon unveil a smart data system, which will enable companies to keep a track of their expenditure on a daily basis. This will provide transparency for companies to help them make informed financial decisions with a strategic long term outlook.