Hatton National Bank (HNB), a Sri Lankan lender, has teamed up with UnionPay International to accept card payments in the country.

As per terms of the contract, Sri Lankan merchants who use HNB’s point-of-sales (POS) devices will now be able to accept UnionPay cards, empowering businesses across the island to cater to a new market of potential customers with ease.

HNB senior manager of card centre Roshantha Jayatunge said: “By moving proactively to partner with UnionPay International, we believe HNB has taken a vital first step towards further integrating Sri Lanka into the international economic system while at the same time, supporting Sri Lankan businesses to tap into a large and lucrative new customer demographic.”

UnionPay International senior head of South Asia Derek Chang said: “We are delighted to be partnering with HNB. Sri Lanka is an important market for UnionPay International in South Asia. We are uniquely positioned and ready to contribute to the growth of the tourism industry in Sri Lanka by providing travellers with the secure and easy payment option.”

Along with the launch of UnionPay International in Sri Lanka, HNB also plans a similar expansion into the Maldivian market later this year.