Chinese tourists visiting Sri Lanka now have the added benefit of purchasing goods and services and paying for them through WeChat Pay, consequent to a partnership between Wallyt, the leading mobile payments service provider, and Commercial Bank of Ceylon PLC.
Sri Lanka, which is well known as the Pearl of the Orient, is named the number one country in the world to visit in 2019 by the travel guide company Lonely Planet. Over 260 thousands Chinese travelers visited Sri Lanka in 2017, which makes China the second biggest source of inbound tourist group. This number is expected to reach a record high by 2018.
As the only Sri Lankan Bank to be ranked among the world’s top 1000 banks for eight years consecutively, Commercial Bank operates a network of 266 branches and 830 ATMs in Sri Lanka. The Bank’s overseas operations encompass Bangladesh, Myanmar, and the Maldives.
CBC's cooperation with Wallyt, a specialist in mobile payment, will benefit the merchants of CBC to engage a continuously growing and promising target group from China. The launched of WeChat Pay will not only increase the convenience factor for Chinese tourists, but also attract them to use the familiar payment option and bring a consumption growth.
Based on the experience of serving more than 200 banks and financial institutions in over 40 countries and regions, Wallyt will keep in deep cooperation with CBC, provide the latest mobile payment technology and bring the excellent payment service for local merchants.
About Wallyt
Wallyt is one of the most promising Hong Kong based FinTech companies dedicated to providing mobile payment solutions. Driven by the passion to reshape the digital payment and empower the worldwide payment ecosystem. Wallyt now serves more than 30 million merchants in over 50 countries and areas. The total transaction value has been more than 150 billion worth USD.
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