Pan Asia Bank, The Truly Sri Lankan Bank, has signed a MOU with Payable, a growing fintech payment platform, to strengthen digital payment capabilities and enhance merchant acceptance across the nation.
This collaboration marks a significant milestone in Pan Asia Bank’s ongoing digital transformation journey. Through this partnership, the two institutions will work together to provide innovative and seamless payment solutions for merchants, businesses, and consumers. The initiative will focus on expanding access to digital payment methods such as card and QR transactions, streamlining merchant onboarding, and improving settlement efficiency through advanced back-office integration.
Speaking at the signing ceremony, Naleen Edirisinghe, Director/CEO of Pan Asia Bank, stated, “This partnership with Payable reflects our continued commitment to promoting financial inclusion and advancing Sri Lanka’s digital economy. By joining forces, we aim to provide our merchant customers with world-class payment infrastructure that is secure, reliable, and easy to use. This collaboration allows us to empower small and medium-sized enterprises as well as large-scale merchants to better serve their customers in a fast-evolving financial landscape.
With this agreement, both Pan Asia Bank and Payable reaffirm their shared commitment to driving Sri Lanka’s transition toward a digitally empowered financial ecosystem that fosters inclusion, transparency, and economic growth.