The Central Bank of Sri Lanka has inked a partnership with Japan’s JCB to establish the National Card Scheme (NCS) to introduce the issuance of LankaPay-JCB co-branded cards and to jointly promote the acceptance of such cards with JCB payment solutions. By integrating JCB payment solutions to LankaPay participant members and leveraging the planned interconnection…
Mozido is powering international remittances for mobile wallet users in Sri Lanka. Mozido has partnered with MoneyGram in this groundbreaking service. Mobile customers of Dialog, Etisalat and Hutch in Sri Lanka registered with eZ Cash, the world’s first inter-operable mobile money service, can now receive international remittances through their eZ Cash mobile wallet. This provides…
Sri Lanka’s National Savings Bank (NSB) and MasterCard have inked a deal to deploy MasterCard Expert Monitoring Solutions (EMS) with Real-time Fraud Scoring Service.
NBD Bank and MasterCard and NDB Bank have inked a partnership to bring the MasterCard Purchase Control solution to Sri Lanka. Offering a simple, effective and secure means of controlling spending, reducing operational costs, and enforcing compliance with corporate policy, the solution marks a revolutionary change to the manner in which commercial transactions are conducted in Sri Lanka.
Sampath Bank in Colombo has inked a deal with UnionPay to declare all the ATMs under the flag of the bank would accept UnionPay cards and the acceptance of UnionPay cards by all POS terminals owned by the bank will be realized gradually.
HomeSend, a joint venture between MasterCard, eServGlobal and BICS inked a deal with Dialog Axiata to make international remittance services available to millions of consumers across Sri Lanka. HomeSend and Azimo also announced the launch of new mobile wallet services in ten countries throughout Africa and Asia-Pacific – reaching millions of mobile money subscribers.
HomeSend and Dialog Axiata inked a deal to make international remittance services available to millions of consumers across Sri Lanka. HomeSend is a joint venture between MasterCard, eServGlobal and BICS.
Global Payments Asia-Pacific Limited (Global Payments), a leading pan-regional card payment processor in Asia Pacific, and Dialog Axiata PLC (Dialog), a premier telecommunications service provider in Sri Lanka, announced the launch of an innovative mobile payment solution that turns a smartphone or tablet into a mobile point-of-sale (mPOS) terminal — the first of its kind in Sri Lanka. This award-winning mobile payment solution* enables merchants to accept card payments beyond a counter-top sales environment and wherever business takes them within Sri Lanka. This mobile payment solution helps small and medium enterprises (SMEs) quickly and easily establish a means to accept MasterCard(R) and Visa(R) card payments through a smartphone or tablet. The business can download a free app provided by Global Payments on their mobile device and connect it to a secure card reader to start accepting card payments instantly.
SANASA Development Bank, Colombo, Sri Lanka, will be live on the Fiserv
“Signature” bank platform and Teller solution. Offering a full range of
account processing, branch tellering and transaction processing
functionality, the Fiserv solutions allows the bank to put more
efficient processes in place and enhance the customer experience through
streamlined services. This gives SANASA Development Bank cost-effective
base for growth as it expands its presence in the rural areas of Sri
Lanka through new branches and other non-traditional banking locations.
The bank is now using Signature and Teller in flagship and new branches,
including a fully operational Jaffna branch, and is converting other
branches on a rapid, self-scheduled timeline.
The Commercial Bank of Ceylon will be implementing a software upgrade
by mid-2008 for its computer and ATM networks in the hopes of reducing
hardware costs and improving operations. Providing the upgrades, Fiserv
CBS Worldwide has designed the software to allow for the centralized
tracking and control of the bank’s ATM networks at its 161 branches across
Sri Lanka and a reduction in support costs.
Dialog Telekom & NDB Bank have introduced eZ Pay mobile commerce
solution in South Asia. The solution allows customers to pay bills and
perform banking transactions from their mobile phone. The eZ Pay solution
facilitates mPayment, mBanking and mTransfer transactions which allows
subscribers to pay for goods and services at eZ Pay merchant outlets, to
deposit or withdraw cash at any authorized eZ Pay Top Up Agent and
to transfer money or conduct remittances to and from family members,
respectively. Dialog Telekom has over 3.5 million subscribers, 60% of the market, and has a Market Capitalization of nearly LKR 191.38 Billion, 23.1% of the Market Capitalization on the Colombo Stock Exchange.
mChek has introduced its on-demand payment solution, “mChek/Payments”,
in Sri Lanka for Dialog Telekom and NDB Bank customers. The new
solution enables payment for utility bills/pre-paid top-ups,
commerce, remote commerce, and mobile banking. The solution also allows
merchants to implement mobile phones as Point of Sale Terminals and Utility
bill payment kiosks. Because of Sri Lanka’s significant cash-based market,
developments such as these are emerging as solutions to utilize mobile
technology that complies with existing banking industry practices,
regulations and specifications. Dialog Telekom mobile phones serve over 3.5
Million Sri Lankans.