HNB powers real-time online payments to IRD with LankaClear

Sri Lanka’s most digitally-innovative private sector bank HNB PLC, joined hands with LankaClear
(Pvt) Ltd. to pioneer the real-time online direct payment facility to the Inland Revenue Department
(IRD) through its corporate payment solutions platform PAYFAST.
The partnership offers HNB business clients’ direct access to the IRD 24/7 throughout the year for
payments directly from their accounts connected to HNB PAYFAST. The funds will be credited to
the Department’s accounts in real-time, with customers provided with a digital proof of payment
when the transaction is complete.
HNB PAYFAST is among the most cost-effective digital banking solutions for HNB clients, without
any hidden charges, facilitating multiple online transactions by debiting the company’s HNB account
and crediting multiple beneficiary accounts at any bank of the user’s choice. Through the
convenience of PAYFAST, clients process salaries, supplier and dividend payments, and make
EPF/ETF contributions with greater ease.
HNB guarantees that absolute confidentiality is maintained with all transactions and has taken
measures to strengthen and upgrade the system’s security features. Internal security experts are
regularly consulted to ensure that user data and privacy is not compromised.
HNB offers various digital solutions to all customers and their businesses, which has earned them
the acclaimed title of “Partner in Progress.” The bank caters to a wide range of businesses, including
SMEs, emerging corporates, and high-end corporate brands, with the latest in digital banking
Aligning with this vision, PAYFAST is aimed at improving digital banking opportunities for all
customers to promote their integration into a technologically advanced economy.
With 252 customer centres across the country, HNB is one of Sri Lanka’s largest, most
technologically innovative banks, having won local and global recognition for its efforts to drive
forward a new paradigm in digital banking. The bank was also ranked among the World Top 1,000
Banks list compiled by the prestigious UK-based Banker Magazine for five consecutive years. HNB
has a national rating of AA- (lka) by Fitch Ratings (Lanka) Ltd.
HNB was also declared Best Sub-Custodian Bank in Sri Lanka at the Global Finance Awards 2020, in
addition to winning the coveted Best Retail Bank in Sri Lanka Award for the 11th time at the Asian Banker Awards 2020, in recognition of its sustainable growth and continuous improvements in
processes, products and services amidst a challenging macroeconomic environment.

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