NDB recently launched NEOS Pay, a QR payment method in which customers can make payments to merchants, pay bills and make a host of other transactions via the same platform.
At the launch, which was held at Boardwalk, Water’s Edge, NDB Group CEO Dimantha Seneviratne said “The beauty and uniqueness of this payment offering is that the user does not need to have an account at NDB to use the facility. For the first time in the industry NEOS Pay delivers a one stop payment app for all bank customers.”
NDB NEOS consists of multiple channels, including digital branches, online banking and mobile banking, and NEOS Pay is the latest payment solution upgraded with QR payments and a merchant acquiring pillar with an open system, allowing other bank users to register and enjoy its perks.
Accordingly, with this update, customers are able to make payments via QR scanning to any merchant with Lanka QR. Furthermore, one of the key features of this upgrade is the ability for other bank customers to get on board NEOS and make transactions via NEOS Pay. Hence, other bank accounts can be used to scan and pay merchants or make bill payments.
Furthermore, NEOS Pay also allows NDB Bank customers to transfer funds to other NDB customers. Hence, customers can now use multiple platforms within the NEOS App (QR/Just pay/Bill payments/CEFTS).
NDB is on the path to becoming the Digital Bank of Choice in Sri Lanka having won numerous awards including the Best Consumer Digital Bank Sri Lanka 2020 award under the Global Finance World's Best Digital Bank Awards 2020 program for the second consecutive year.
The Bank, which is the 4th largest listed bank in Sri Lanka, is one of the fastest growing banks, having had a cumulative average growth rate (CAGR) in advances by 21% and in deposits by 25% in the last four years. The only financial service conglomerate in Sri Lanka, NDB Group is uniquely positioned towards assisting the growth and development of the Sri Lankan capital market provide its customers seamless access to the product and service offerings of all its group companies.