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.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)