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HNB champions financial inclusivity via eliminated merchant commission on LankaQR
Daily FT
|April 07, 2025
IN a strategic move aimed at in a strategic move aimed at accelerating the adoption of digital payments, Hatton National Bank (HNB) has announced the elimination of Merchant Discount Rates (MDR) for LankaQR transactions among HNB associated merchants who are enabled to accept LankaQR payments.
The decision by HNB to waive MDR for LankaQR transactions among its appointed merchants coincides with the commencement of the Avurudu season and will be effective from 1 April to 30 June.
This three-month incentive period strives to leverage digital transactions during a period of heightened economic activity, offering both merchants and customers a seamless and convenient payment experience while eliminating the risks associated with cash handling. HNB Chief Operating Officer (COO) Sanjay Wijemanne commended the financial inclusivity initiative, stating that “It underscores HNB’s commitment to enhancing accessibility and affordability in digital transactions for businesses across Sri Lanka by easing digital transactions.”
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