Seylan Bank enables smooth ride for Rhoda

19 June, 2022
From left: AGM, Marketing and Sales, Seylan Bank, Gamika De Silva and Founder of Rhoda, Eyas Fazul

Seylan Bank has entered into a partnership with Rhoda Life (Pvt) Limited, the designer and manufacturer of one of Sri Lanka’s first electric smart bicycles.

The partnership will open many banking facilities and networking opportunities for Rhoda in its journey as a homegrown, innovative mobility solution. Seylan Bank continues to proactively make the most of every opportunity that can offer growth to its stakeholders. Stepping beyond its traditional role as a financial service provider, the Bank focuses on acting as a platform that enables customers through providing facilities and opportunities, with special focus on youth and women entrepreneurs. Seylan Bank considers entrepreneurship and Small and Medium Enterprise (SME) development as priority areas due to the potential these sectors possess in their contribution to the national economy. The partnership with Rhoda as official banking partner is not only to provide financial facilities, but also to open up many other opportunities through the Bank’s network and partners. Rhoda will receive banking services that will ensure a smooth flow of business, including access to Point of Sales (POS) machines, Internet Payment Gateways for online payments and collections accounts. The Bank will also offer 0% credit card installment plans and personal loan facilities to support better sales for Rhoda. The Bank’s network will also be opened to Rhoda to explore new business opportunities including its online and offline media reach.

Launched in 2020, Rhoda bicycles have become more relevant at present by providing a new option for individual mobility and the logistic sector, especially as a mode for delivery services. With the fuel crisis where such services are facing a challenge to continue with their business, Rhoda provides a timely solution.

– Sunday Observer Sri Lanka

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