Sampath Bank Introduces Revolutionary Payment Method, Sampath PayBand, a Wearable Device for Seamless Payments First Time in Sri Lanka

As the global trend towards contactless payments continues to surge, Sampath Bank proudly unveils its latest innovation: Sampath PayBand, the versatile Wearable Payment Device. This groundbreaking solution promises to redefine the transaction landscape in Sri Lanka, catering to the evolving preferences of the younger generation and tech-savvy consumers. Representing a significant milestone as the country's first of its kind, Sampath PayBand, heralds a new era in convenient and secure transactions.

Designed with a meticulous focus on enhancing the customer experience and streamlining payment processes, Sampath PayBand features a sleek Silicon Wristband embedded with a payment chip. Seamlessly integrated with Sampath Bank Savings accounts, this cutting-edge device empowers users to effortlessly make transactions with a simple tap or wave at any NFC-enabled POS terminal. Gone are the days of cumbersome wallets, forgotten cards, and misplaced phones – Sampath PayBand offers unparalleled convenience at every touchpoint.

"At Sampath Bank, we are dedicated to driving innovation and embracing emerging technologies to meet the evolving needs of our customers," said Mr. Shiran Kossinna - Assistant General Manager Card Centre at Sampath Bank. "With the introduction of Sampath PayBand, a Wearable Payment Device, we aim to provide a seamless and hassle-free shopping experience, empowering our customers with the freedom to make cashless payments effortlessly."

Sampath PayBand offers a plethora of benefits to users:

Convenient : Seamlessly make payments with a simple tap or wave.

Innovative : Embrace cutting-edge payment technology for seamless transactions.

Swift : Complete transactions swiftly, outpacing traditional methods.

Productive : Leverage wearable technology to boost engagement and productivity.

Lifestyle oriented : Enjoy compatibility with modern payment methods that align seamlessly with customer preferences.

Launched in partnership with VISA, a global payment card services corporation facilitating electronic funds transfers throughout the world, the Sampath PayBand underscores the Bank’s dedication to providing cutting-edge banking solutions that meet the evolving needs of today's consumers, offering convenience, security, and peace of mind.

Being the first of its kind in Sri Lanka, Sampath PayBand stands as a unique and compelling offering for consumers. Unaffected by rain or shine, work or party, the product is the ideal choice of the Gen Z and tech-savvy generation who look for convenience, versatility and fashion when selecting products for their use.

Sampath PayBand, will be available to all existing and new account holders at select Sampath bank branches from mid-June onwards where interested customers will receive personalized assistance and guidance on setup and usage upon acquiring a device.

Sampath Bank is one of Sri Lanka's leading private sector commercial banks, renowned for offering a wide range of innovative financial products and services to its customers. With an unwavering commitment to excellence and customer satisfaction, Sampath Bank continues to drive growth and innovation in the banking industry.