The LANKAQR Nationwide Rollout Campaign was launched recently at the Central Bank of Sri Lanka (CB) with the aim of promoting LANKAQR payments amongst the small and medium merchants as well as consumers throughout the nation. During this national event, iPay – part of LOLC Finance – ceremonially launched the fare enablement feature for QR [...]

Business Times

iPay -official LANKA QR acquiring partner of PickMe

View(s):

The LANKAQR Nationwide Rollout Campaign was launched recently at the Central Bank of Sri Lanka (CB) with the aim of promoting LANKAQR payments amongst the small and medium merchants as well as consumers throughout the nation.

During this national event, iPay – part of LOLC Finance – ceremonially launched the fare enablement feature for QR payment acceptance for rides and deliveries carried out through PickMe. iPay partnered with the country’s first and leading ride-hailing app, PickMe, to offer the best of convenience to its customers throughout the nation, LOLC said in a media release.

Through this partnership of national importance, iPay has enabled LankaQR payments via CASA (Current Accounts, Savings Accounts) to PickMe users. Payments can be made via iPay or any LankaQR enabled app.

LankaQR code is the standardised national quick response code introduced to Sri Lanka by the CB. It is used as a form factor to represent a merchant accepting payment and will enable the digitalisation of the payment ecosystem in Sri Lanka between customers and merchants. Customers can make payments via LankaQR by simply scanning the code presented by a merchant, using any digital payment app which adheres to the LankaQR standard.

Commenting about the LANKAQR Nationwide Rollout Campaign, Conrad Dias, Director/CEO of LOLC Finance PLC said, “In the current context of the global pandemic, it is imperative to reduce the usage of cash than ever before and move towards digital payment methods – hence this initiative is extremely timely. As a leading and responsible payment aggregator in Sri Lanka, iPay is dedicated to support this transformation on a national scale and the partnership with PickMe is a testament to that promise.”

CEO of PickMe, Mr. Zulfer Jiffry noted that most card transactions result in a percentage going to a foreign company that facilitates the payment platform, even if the transaction is carried out locally. LankaQR transactions are facilitated locally in Sri Lanka Rupees which prevents dollar outflows at a time when we need to preserve our foreign exchange.”

Share This Post

WhatsappDeliciousDiggGoogleStumbleuponRedditTechnoratiYahooBloggerMyspaceRSS

Hitad.lk has you covered with quality used or brand new cars for sale that are budget friendly yet reliable! Now is the time to sell your old ride for something more attractive to today's modern automotive market demands. Browse through our selection of affordable options now on Hitad.lk before deciding on what will work best for you!

Advertising Rates

Please contact the advertising office on 011 - 2479521 for the advertising rates.