HNB PLC has announced that it has linked digital Payment App, SOLO, with the newly launched Lanka QR standard.
The launch of Lanka QR aims to accelerate the adoption of QR code payments across the entire country and lay the foundation for the rapid expansion of digital wallets and cashless payments in Sri Lanka.
“For several years now, HNB has been among those leading the charge on cashless payments in Sri Lanka, leveraging on the rising popularity of our digital wallet, HNB SOLO. With the launch of a common standard for all digital wallets, the Central Bank has cleared the way for merchants of all sizes to revolutionize payments across the nation.
HNB Deputy General Manager – Retail and SME Banking, Sanjay Wijemanne stated:
“This is a remarkable achievement that will create unprecedented opportunity and convenience for SOLO users. We commend CBSL officials for enabling such a paradigm shifting evolution in the payments space, and stand fully geared to support this major paradigm shift in cashless payments in Sri Lanka”
Lanka QR is a Quick Response code standard adopted by financial institutions in Sri Lanka in order to facilitate low cost digital payments to any merchant, especially small and medium sized enterprises.
It enables customers to pay merchants directly from their bank accounts using a LANKAQR compliant mobile payment app. The LANKAQR printed sticker is provided free of charge to merchants to display at their place of business by the member institutions of LANKAQR.
To pay using Lanka QR, customers have to scan the QR code using a mobile payments apps such as HNB SOLO. Upon completion, merchants will receive an SMS notification, confirming the receipt of payment.
