Union Bank is enhancing business banking by introducing GovPay to its payments and cash management platform, BizDirect. This new feature allows businesses to make government payments quickly, securely, and conveniently.
With BizDirect GovPay, customers can now settle payments to key government institutions such as the Inland Revenue Department, Sri Lanka Customs, Employees’ Provident Fund (EPF), Sri Lanka Ports Authority, and the Board of Investment (BOI) through a single, fully automated digital channel. This innovation eliminates the need for branch visits and manual paperwork, enabling businesses to handle payments more swiftly and efficiently.
The addition of GovPay broadens the capabilities of the BizDirect digital banking platform, which also facilitates seamless outward telegraphic transfers, bulk payments, and salary processing. These features collectively provide businesses with a comprehensive solution for managing essential financial transactions. The salary payment module, in particular, allows companies to process salaries securely and efficiently, ensuring timely payments while reducing administrative burdens. Furthermore, the outward telegraphic transfer feature supports businesses involved in international trade by enabling fast and secure cross-border transactions.
The system’s integrated document attachment and digital confirmation capabilities further streamline operations by eliminating the need for manual paperwork and branch visits, offering users a fully remote payment experience.
Lakmal Mettananda, Unit Head of Payments and Cash Management, stated, “BizDirect GovPay and the new features are further steps in the Bank’s journey to simplify and enhance banking for businesses. By digitizing essential payments and processes, we are aiding businesses to operate more efficiently and concentrate on what matters most: growing their business. Union Bank BizDirect mirrors 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 of Payments and Cash Management
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