Seylan Cards partners KOKO to enable Buy Now, Pay Later Easy Payment Schemes

Colombo, 18 August 2022: Keeping up with the trends of customer behaviour in financial payments, Seylan Bank partnered with popular online payment app Koko, to enable its cardholders many benefits in a range of online and in-store shopping outlets. Both Seylan Debit and Credit card holders receive discounts, 3-month easy payment plans and 0% interest when using the Seylan Card to pay through Koko.

An exclusive offer will be available until 30th September 2022, for Seylan Debit Card holders when they download the Koko app and begin transactions, with 10% waived off for bills over Rs. 5,000/-, up to a maximum discount of Rs. 1,000/-. The key feature of using KOKO is that it is enabled for both debit and credit cards, and the total can be divided into 3 instalments with no interest fee. The wide variety of merchants registered under Koko, give Seylan customers an added benefit of choosing their favourite outlet from both online and physical stores.

Seylan Cards give customers a simplified solution as they use their cards to pay through Koko when shopping and dining at online or on-site stores of Simplytek, Life Mobile, Fitness Island, Spa Ceylon and Catch Me, as well as at leading restaurants and cafes such as Barista, Arthurs Pizza, Cafe Kumbuk, Acropol, English Cake factory and many more. The offers and payment plans are also available for shoppers at Mimosa, Nanotek Computers, Supplement Factory, Beverly Street, Spring & Summer and Exclusive Lines. Customers will soon get the opportunity of experiencing Travel Now Pay Later as Koko will be onboarding many of Sri Lanka’s renowned hotel chains and properties within the next few months.

“The use of payment apps such as Koko make shopping convenient to our customers in different levels. Shopping online is a major benefit for everyone today, as they are limited in options for mobility. More importantly, the ability to pay your bills in instalments eases the burden of our customers where they can continue to purchase their lifestyle needs thanks to Seylan Cards and Koko. We at Seylan have been paying more attention to providing ways and means of making life accessible and affordable to our customers through the use of relevant technology that is accessible and user friendly. We have ventured into a variety of partnerships that enable this, and Koko is one that will immensely benefit Seylan Cardholders,” explained Ruchith Liyanage, Head of Cards at Seylan Bank.

Head of Growth at Koko, Kasun DeCosta pointed out that “As a shopper, Koko’s ‘Buy Now Pay Later’ facility is a convenient payment option that’s too good to pass up!”

As the essential card that is always there to cover essential needs, and having a wholistic understanding of the customer behavior and potential of our partners, Seylan Cards will further enable Koko to shape the future of payments and shopping for individuals as well as businesses by providing convenient, accessible, and affordable payment methods.