Sampath Bank Introduces Visa Corporate Fuel Card

CEYLON TODAY | Published: 12:41 AM Jun 14 2021

The Sampath Visa Corporate Fuel Card is available in prepaid card and credit card formats, to empower businesses of all sizes to go hassle free with their fuel payments.

Businesses can offer this card to their employees to make cashless payments at any fuel station around the island. They can assign predefined transaction limits and impose restrictions on non-fuel transactions. 

The Sampath Visa Corporate Fuel Card allows cardholders to make contactless payments by simply tapping the card on the POS machine. Sampath Bank is waiving off the joining fee and first year annual fee on these cards and offering the tailormade service at a nominal fuel surcharge. 

The Bank is also offering free e-statements and SMS Alert facilities to help businesses keep track of each card transaction through to a central administrative point. On the whole, this convenient and secure solution from Sampath Bank is set to simplify and streamline the monitoring and management of any business’s fuel expenses. 

The launch of this new cashless payment solution is part of Sampath Bank’s ongoing efforts to encourage businesses to increasingly adopt digitization for their daily transactions, in line with the Government’s vision for the nation’s payments landscape. It comes at a time when employees of most companies are working remotely due to the global pandemic and will hence help businesses avoid unnecessary delays and disruptions to day-to-day operations. Sampath Bank PLC.

 Head of Card Centre Darshin Pathinayake said, “We remain committed to leveraging technology to develop and deliver market relevant financial solutions that offer greater value to the nation.” Visa Country Manager, Sri Lanka and Maldives, Anthony Watson said, “In line with our commitment to helping businesses digitize more processes, the corporate fuel card is an apt solution for them to manage fuel expenses. 

By choosing contactless card payments over cash at fuel stations, businesses not just make quicker payments but have visibility into their daily fuel expenses. We are delighted to partner with Sampath Bank to announce the launch of this new offering for businesses.”

CEYLON TODAY | Published: 12:41 AM Jun 14 2021

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