📈 Visa & NDB Launch South Asia’s First 'Card Present Connect' Solution

Visa and National Development Bank PLC (NDB Bank) have pioneered the launch of Card Present Connect (CPC) in Sri Lanka, marking the first implementation of this digital payment solution in the South Asia region. • Core Innovation: Powered by the Cybersource platform, the solution allows merchants to accept EMV chips, contactless, and mobile wallet payments via Android SmartPOS devices, bridging the gap between online and offline transactions. • Economic Impact: Targetted at Small and Medium-sized Businesses (SMBs) and mid-market enterprises, the initiative aims to reduce infrastructure costs, simplify merchant onboarding, and accelerate the transition toward a cashless economy. • Strategic Benefits: • For Merchants: Lower operational costs, enhanced security, and broader access to international card schemes. • For Acquiring Banks: Faster go-to-market capabilities and elimination of complex in-house payment infrastructure maintenance. • Sector Focus: This collaboration strengthens the Digital Finance and ICT/BPM landscape by democratizing card acceptance and fostering financial inclusion for the local business community.