Union Bank continues to simplify business banking with the introduction of GovPay on its payments & cash management platform BizDirect enabling businesses to make government payments fast, secure and conveniently.
Through BizDirect GovPay, customers can settle payments to key government institutions including the Inland Revenue Department, Sri Lanka Customs, Employees’ Provident Fund (EPF), Sri Lanka Ports Authority and the Board of Investment (BOI), all through a single, fully automated digital channel. This removes the hassle for the need of branch visits and manual paperwork, enabling businesses to manage payments faster and more efficiently. Adding GovPay expands the BizDirect digital banking platform, which also offers seamless outward telegraphic transfers, bulk payments and salary processing. Together, these features provide businesses with a comprehensive solution to manage essential financial transactions. Additionally the salary payment module allows companies to process salaries securely and efficiently, ensuring timely salaries while reducing administrative workload. The outward telegraphic transfer feature further supports businesses engaged in international trade by enabling fast and secure cross-border payments. The system’s integrated document attachment and digital confirmation features eliminate the need for manual paperwork and branch visits, providing users with a fully streamlined, remote payment experience.
Lakmal Mettananda, Unit Head Payments and Cash Management said “BizDirect GovPay and the new features are another few steps in the Bank’s journey to make banking simpler and smarter for businesses . By digitising essential payments and processes, we are helping businesses operate more efficiently and focus on what matters most, growing their business. Union Bank BizDirect reflects The Bank’s ongoing commitment to digital transformation and customer-centric innovation, delivering secure, reliable and easy-to-use banking solutions for Sri Lanka’s business community”
Caption Picture: Lakmal Mettananda, Unit Head Payments and Cash Management
