ComBank and Abans forge landmark partnership with POS and digital payments rollout

Commercial Bank Deputy General Manager – Personal Banking S. Ganeshan (right) and Abans Group Director Dr. S. Dubash exchange the agreement in the presence of senior representatives of the two companies 

The Commercial Bank of Ceylon is to roll out a major point-of-sale (POS) and digital payments solution across the national retail network of Abans PLC – in a partnership that sets a new benchmark for bank–retailer collaborations in the country and underscores the Bank’s capacity to deliver enterprise-grade acquiring infrastructure.

This agreement will make Abans one of the leading digitally enabled retailers in Sri Lanka, with a network of over 400 outlets across the country, equipping its outlets to accept payments across all major international and domestic card schemes as well as QR payments, while seamlessly integrating with the company’s enterprise resource planning (ERP) and supply chain management (SCM) systems at the scale, security, interoperability, and resilience required by modern retail.

Commercial Bank’s merchant acquiring platform for Abans will encompass Visa, Mastercard, UnionPay, JCB, LankaPay, and LankaQR, in addition to supporting international QR schemes such as WeChat Pay, Alipay and UnionPay, Visa QR, and Mastercard QR, all unified under a single framework that also includes the Bank’s Internet Payment Gateway. This omni-channel capability ensures that whether a customer pays in-store, online, or via mobile, transactions are processed through one consolidated system, simplifying reconciliation and enhancing transparency. Not only does the solution support card and QR payments, it is also capable of facilitating Easy Payment Plans (EPP), delivering a complete, future-ready digital payment experience for merchants and customers alike.

Commercial Bank Deputy General Manager – Personal Banking S. Ganeshan said:  “This partnership is a showcase of technology leadership. By delivering an integrated POS and digital payment solution of this scale, we are enabling Abans to transact with the highest levels of security, interoperability, and operational resilience. It is proof that Commercial Bank can architect complex payment ecosystems that match the needs of modern retail and align with the country’s digital future.”

Abans Group Director Dr. S. Dubash said: “Our priority has always been to combine innovation with customer-centricity. This deployment gives our customers faster, safer, and more flexible payment choices while ensuring our back-end operations run with precision and efficiency. Partnering with Commercial Bank allows us to take a decisive step forward in digital retailing and reinforces our contribution to the national push towards a cashless economy.”

The collaboration also directly supports the government’s national vision of a cashless economy. By enabling millions of secure, traceable digital transactions at one of the country’s largest retail groups, Commercial Bank and Abans are advancing mass-scale adoption of digital payments, financial inclusion, and efficiency in consumer commerce.

By blending enterprise-grade payment technology, nationwide retail presence, and a shared vision of digital transformation, Commercial Bank and Abans have created a blueprint for future collaborations between banks and large corporates. This rollout redefines what is possible in merchant acquiring, marking a pivotal moment in Sri Lanka’s journey towards becoming a digitally empowered economy, the Bank said.