Business
Seylan Bank launches SeylanPay QR payment solutions
D. Kumaratunga, Director – Payments and Settlements Department – Central Bank witnessing the first transaction through ‘SeylanPay’, together with Chaminda Senewiratne – Head of Digital Banking Channels – Seylan Bank, Gamika de Silva – Assistant General Manager – Marketing and Sales – Seylan Bank, Harsha Wanigatunga – Chief Information Officer – Seylan Bank, Kapila Ariyaratne – Director/Chief Executive Officer – Seylan Bank and Ramesh Jayasekara – Chief Operating Officer – Seylan Bank
Seylan Bank, the bank with a heart, recently announced the launch of ‘SeylanPay’, QR code-based payment solution as the latest addition to the digital product range of the bank. The launch marks a key milestone in the bank’s journey and supports Seylan’s strategic direction towards a cashless, paperless and branchless banking model and an enriched payment ecosystem in Sri Lanka.
Kapila Ariyaratne, Director / Chief Executive Officer, Seylan Bank who commented on the launch of SeylanPay said, “Digital banking is the future of the banking and finance industry, and SeylanPay quick response (QR) with its user friendly outlook and convenience of use in varied situations is an ideal addition to the industry, enabling the use of smartphones to carry out secure transactions. Seylan Bank has always been a leader in digital banking in Sri Lanka, leading from the front in introducing Internet & Mobile Banking, Internet Payment Gateways, and Merchant Portal Services, ensuring utmost convenience to all Seylan customers. The SeylanPay payment solution will add convenience to our customers in their busy lives, and we are excited to offer them this opportunity.
Current and savings account holders of Seylan Bank can now make payments using their smartphone at LANKAQR certified merchants, truly embracing digital banking. In addition, SeylanPay customers can link their Credit or Debit Cards and enjoy the convenience of card-less and cashless payments for their day-to-day with security, convenience, simplicity and speed being key factors in their payment experience.
Seylan Bank’s Head of Digital Banking, Chaminda Senewiratne said: “With the introduction of SeylanPay QR payment solution, Seylan bank customers can truly be part of the digital payment revolution in the country. Not only is the payment system convenient, fast and secure for customers to make payments, it is also an ideal solution for small merchants and daily wage earners to collect funds hygienically during this time, in a cost effective, secure and convenient manner.”
Seylan customers can easily download and self-activate the SeylanPay app and register through a simple process. Once the App is installed, customers can simply Scan and Pay at any EMVCo Standard Visa, MasterCard and LankaQR acquiring merchant to complete a financial transaction. A payment notification will be received by both the customer and merchant once the transaction is completed with funds credited to the merchant’s bank account instantly, and all sales automatically consolidated in a report format. Customers too will have clear idea of all transactions they have performed. SeylanPay merchants can accept payments from both Seylan Bank and other bank customers through the respective bank’s mobile payment application supporting Visa, MasterCard, and/or LANKAQR QR code. SeylanPay will facilitate merchants ranging from small to larger scale business ventures to accept transactions and enhance their sales turnover and business growth.
Seylan Bank, the Bank with a Heart, operates with a vision to offer the ultimate banking experience to its valued customers through cutting-edge technology, innovative products, and best-in-class service. The Bank has a growing clientele of SMEs, Retail and Corporate Customers and has expanded its footprint with 172 branches across the country, 216 ATM units, 70 Cash Deposit Machines (CDM) and 83 Cheque Deposit Kiosks (CDK). Seylan Bank has been endorsed as a financially stable organisation with performance excellence across the board by Fitch Ratings, with the bank’s national long-term rating revised upward, from ‘A-(lka)’ to ‘A (lka)’. The bank was ranked second among public listed companies for transparency in corporate reporting by Transparency Global. Seylan Bank has also been named the Most Popular Banking Service Provider in Sri Lanka in Customer Experience by LMD consecutively in 2019 and 2020. These achievements are a testament to Seylan Bank’s financial stability and unwavering dedication to ensuring excellence across all endeavours.
Business
Ceylinco Life dominates NAFLIA 2026 winning 12 top honours, including 5 National Awards
Ceylinco Life has reaffirmed its standing as a powerhouse of sales excellence in Sri Lanka’s life insurance industry, securing an outstanding 12 awards at the 2026 edition of the National Forum for Life Insurance Advisors (NAFLIA), including five National Awards that recognised its professionals as the best in the country.
The awards event saw Ceylinco Life’s sales professionals excel at both the Large Company and National levels, with the company claiming top honours across the Advisor, Supervisor and Branch Manager categories in both levels, while also producing two winners in the Large Company level in the Fast Starter Advisor category.
In the Advisor category, A. P. S. Wijayakumar secured first place at National and Large Company Level, while A. I. P. Manjula was placed second in both levels, giving Ceylinco Life four awards across the two tiers of recognition in this category.
Business
SriLankan Aviation College marks airline’s legacy through ‘Skyline Stories’
SriLankan Aviation College marked the 47th anniversary of SriLankan Airlines with a special anniversary edition of its aviation talk series, The Skyline Stories, celebrating the enduring legacy of the pioneering aviators who helped shape the National Carrier and the next generation carrying that legacy forward. The sixth episode of the series paid tribute to the pioneering years of Air Lanka, established in 1979, and traced the journey of the National Carrier to its present identity as SriLankan Airlines, while exploring how the values, experiences and influence of its early aviators continue to resonate in Sri Lankan aviation today.
The session featured Captain Shavantha Pedris and Senior First Officer Nuwan Jayawickrama, whose fathers, Captain Ranjit Pedris and Captain Nihal Jayawickrama, were among the pioneering flight crew of Air Lanka during its formative years. Their participation created a unique bridge between the generation that helped establish the National Carrier and the aviation professionals carrying that legacy forward today, while also reflecting the important role the airline has played in the development of Sri Lanka’s tourism and aviation industry over the past 47 years.
Captain Shavantha Pedris said, “Growing up, everything around me seemed connected to aviation because of my father. He inspired me from a young age and always encouraged me to aim higher. The journey to where I am today has not always been easy, and there have been many challenges along the way. Each experience has shaped who I am and strengthened my passion for aviation. Now, I feel it is my turn to give back to the industry that has given me so much.”
Business
Buying pressure for ‘good stocks’ places CSE on a positive track
By Hiran H. Senewiratne
The CSE yesterday evinced a positive trend towards the latter part of the day’s trading due to buying pressure from certain investors for good stocks.
The All Share Price Index went up by 39.04 points. Turnover stood at Rs 1.33 billion with six crossings.
Those crossings were; DIMO crossed 40000 shares to the tune of 57 million; its shares traded at Rs 1425, Singer SriLanka 108,000 shares crossed for Rs 48 million; its shares traded at Rs 79.50, Commercial Bank 218,000 shares crossed for Rs 44 million; its shares sold at Rs 202, Sunshine Holdings 1 million shares crossed to the tune of Rs 29 million; its shares sold at Rs 29, Dipped Products 499,000 shares crossed for Rs 28.9 million; its shares traded at Rs 58 and Hayleys 100,000 shares crossed for Rs 24.4 million; its shares sold at Rs 224.
In the retail market top seven companies that mainly contributed to the turnover were; Hayleys Rs 252 million (1.1 million shares traded), Commercial Bank Rs 144 million (717,000 shares traded) , Swisstec Rs 62 million (791,000 shares traded), Haycarb Rs 54 million (245,000 shares traded), Laugfs Gas Rs 38 million (909,000 shares traded), TJ Lanka Rs 28 million (940000 shares traded) and JKH Rs 26 million (1.4 million shares traded). During the day 39 million share volumes changed hands in 12443 transactions.
It is said that manufacturing sector counters, especially JKH and Hayleys, significantly performed while the banking sector also performed well, especially Commercial Bank.
Meanwhile, Leasing and Finance plans to list Rs 10 billion of 13.75 percent debentures, CSE sources said.
The company plans to issue 100 million listed, rated, subordinated, unsecured, redeemable, 5-year (2026/2031) debentures with a fixed interest rate of 13.75 percent payable annually (AER 13.75%), at Rs 100 each.
WindForce announced the scheduled commissioning of its 10 MW/40 MWh battery energy storage system (BESS) facility in Anuradhapura, developed jointly with Vidullanka via StoreX and a 5 MW floating solar power plant developed by Diyajanani on September 18, 2026.
The commissioning increases WindForce’s total renewable energy generation capacity to approximately 268 MW.
Yesterday the rupee was quoted at Rs 330.90/331.25 to the US dollar in the spot market, improving from Rs 331.50/90 the previous day, while bond yields extended recovery as rates dropped on buying interest, dealers said.
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