A Sri Lankan bank said on Wednesday that Chinese tourists visiting the island country can soon pay for their goods and services through the WeChat Pay facility in order to attract more tourists.
Commercial Bank of Ceylon PLC, one of Sri Lanka's leading private banks, said the WeChat Pay channel would be made available through a special Point of Sale (POS) device that would be provided to merchants who attract Chinese clients in Sri Lanka, reported Xinhua news agency.
Commercial Bank's Managing Director and Chief Executive Officer S. Renganathan said that as Sri Lanka was a country popular among Chinese tourists, this payment solution would not only increase the convenience for them, but would also enable Chinese travellers to use a payment option they were familiar with.
Commercial Bank said interested merchants can request the Bank to provide them with the special POS device. Once this is in place, visiting customers can choose multiple WeChat Pay payment methods to make payments through QR codes.
"This solution also enables them to view the value of their purchases and pay for them in yuan or any major currency of their choice, without losing out on currency conversion rates," the bank said in a statement.
China has become one of the leading markets for Sri Lanka Tourism with the government targeting at least 1 million Chinese tourists per year by 2020.
--IANS
soni/bg
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
