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Dialog’s “genie Business” Hosts the First Transaction in Sri Lanka at the inauguration launch of India’s Unified Payment Interface (UPI)

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In a ground-breaking and historic virtual launch, India’s Unified Payment Interface (UPI) made its official debut in Sri Lanka in partnership with LankaPay, where Dialog’s Fintech solution, genie business proudly conducted the inaugural UPI transaction in the presence of the President of Sri Lanka, His Excellency Ranil Wickramasinghe, Prime Minister of India, His Excellency Narendra Modi, and Prime Minister of Mauritius, His Excellency Pravind Jugnauth.

India’s UPI is a real-time payment system that enables Indian users to link multiple bank accounts and conduct seamless fund transfers and transactions using UPI powered applications. Sri Lankan businesses big or small can now embrace the opportunity to accept payments from UPI powered applications. This integration not only ensures smooth transactions but will also enhance the growth of Indian Tourism. With increased accessibility to Indian markets, businesses in Sri Lanka can capitalize on new avenues for expansion and collaboration, fostering greater economic resilience and prosperity.

Dr. Kenneth De Zilwa, Chairman of LankaPay (Pvt) Ltd said “At LankaPay, we’re thrilled to mark a significant milestone in our global journey through our collaboration with the NPCI International Payments Limited. We’re pleased to see genie Business Fintech Solutions by Dialog Finance PLC taking the initiative to be amongst the first 12 acquirers in the country to accept UPI transactions.

Anticipating rapid growth, we plan to onboard approximately 10,000 merchants for UPI payments within three weeks, reaching 65,000 by March 2024. This global partnership with UPI and our business partners genie Business, Fintech Solutions by Dialog Finance PLC not only benefits tourists, SMEs, MSMEs but also lays the foundation for the future enabling Sri Lanka and LankaPay to expand into trade and investment banking products in phase 2. Thereby, contributing to the revenue growth of the multiple sectors, and industries, creating new business models, and in doing so fostering deeper economic ties between Sri Lanka and India.”

Commenting, Renuka Fernando, Chairperson of Dialog Finance PLC said, “We are honoured to conduct the first transaction in Sri Lanka at the inauguration launch of UPI. This ground-breaking initiative will not only enable a wider range of businesses to participate in the digital financial system but brings us closer to our mission at Dialog Fintech to bring financial inclusivity and access to finance for the MSME sector”.

She further added, “At genie Business, we go beyond enabling seamless digital transactions, but also provide crucial tools such as working capital loans and multi-currency options to all businesses. We are not just a payment solution, but a growth partner, supporting to elevate Sri Lankan businesses to stay ahead of an ever-evolving market. Further, we thank all our business partners, including Taj Samudra Colombo, Ministry of Crab, The Bayleaf, Shoulders by Harpos, Harpos Pizza outlets, King of the Mambo by Galle Face Hotel and The Station Restaurant who readily supported this initiative at their hotspots to enable Indian customers to pay using UPI”.

UPI payments are now available at Dialog Experience Centres, including Bandaranaike International Airport and Dialog Iconic Experience Centre in Colombo 02 in addition to the aforementioned tourist hot spots.

genie Business, powered by Dialog Axiata and Dialog Finance PLC, is more than just a payment solution; it’s a trusted partner in growth and success. This all-encompassing platform provides not only the convenience of contactless QR payments from Lanka QR and international networks, Tap and Pay Card acceptance, Payment Links, Multi Currency internet payments, and online transactions, but also empowers businesses with essential tools like E-shops, working capital loans and banking services. Download genie Business app via Google Play Store & Apple App Store to enrol as a genie Business merchant.



Business

From Mt. Fuji to Sri Pada: Lessons from a father-son climb

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by SK Samaranayake

For Daham Gunasena, reaching the summit of Mt. Fuji with his 12-year-old son was not the end of the journey but the beginning of a different kind of lesson.

Gunasena, Director – Commercial at SPAR Sri Lanka and a senior business leader, academic and Chartered Accountant, spent nearly 12 hours on August 19 climbing Japan’s highest mountain with his son, Methum. After eight hours of climbing, the pair reached the 3,776-metre summit before beginning a demanding four-hour descent to Fujinomiya 5th Station.

“The summit was only halfway,” Gunasena reflected, describing the experience as a lesson in preparation, perseverance and responsibility.

Their journey began two days earlier with a trial excursion to the 6th Station and the volcanic landscape around Mt. Hoei. The experience allowed Gunasena to assess the altitude, terrain, weather and equipment before deciding whether his son was ready for the summit attempt.

The climb itself reinforced the value of taking one step at a time. Rather than focusing on the distant summit, father and son concentrated on the next marker, the next few steps and short periods of rest.

Reaching the summit brought another lesson. After taking photographs and celebrating, they still had four hours of descent ahead of them over loose volcanic terrain.

“Reaching the top was an achievement. Returning safely was success,” Gunasena said.

The experience also prompted him to reflect on how Japan manages Mt. Fuji, including visitor education, digital information, sanitation, transport, safety and environmental protection.

Having climbed Sri Pada 12 times last year and five times so far this year, Gunasena sees opportunities to apply some of these principles in Sri Lanka without compromising the mountain’s unique pilgrimage traditions.

He suggested a comprehensive digital platform for Sri Pada providing information on weather, congestion, transport, sanitation, first aid and emergencies, while educating foreign visitors about its religious significance.

For Gunasena, however, the most enduring lesson was personal: a mountain can teach what lectures cannot—through preparation, perseverance, respect for nature and the shared experience of taking each step together.

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FLIR, Marlbo promote smarter industrial maintenance

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Sri Lankan industries are being encouraged to adopt advanced condition monitoring technologies to detect equipment problems before they develop into costly failures, as global technology company FLIR and its local partner Marlbo Trading Company strengthen their collaboration.

The companies brought together industry professionals at a technical seminar held on August 20 at Taj Samudra, Colombo, focusing on the use of thermography and acoustic imaging to reduce unplanned downtime, improve energy efficiency and lower maintenance costs.

Organised by Marlbo under the theme “Condition Monitoring Using Thermography and Acoustic Imaging for Measurable ROI,” the seminar highlighted the growing importance of proactive and predictive maintenance in improving equipment reliability and operational efficiency.

FLIR Sales Director – Instrumentation, India, Bhaskar Lala, and APAC Condition Monitoring Specialist David Gambarte shared their expertise on the latest diagnostic technologies and their practical industrial applications.

Thermal imaging can identify abnormal heat patterns linked to electrical and mechanical faults, while acoustic imaging can detect problems that may go unnoticed during routine inspections.

The technology is particularly useful in identifying compressed-air leaks, which can cause significant energy losses and increase operating costs.

Shevon Liyanage, Engineer – Measuring Instruments at Marlbo, also shared insights into applying condition monitoring technologies in the Sri Lankan industrial environment.

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Lumbini Tea Valley wins intl award for Singharaja Wirytips

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Chaminda Jayawardana receiving the award

Lumbini Tea Valley Ceylon won an award for its Singharaja Wirytips at The Leafies: International Tea Awards held in London in 2024, marking another international recognition for the Sri Lankan tea producer.

The award comes as the company marks two decades of direct exports, with its premium and organic Ceylon teas now reaching 35 countries across six continents.

Established in 1984, Lumbini Tea Valley began its direct export drive after Chaminda Jayawardana joined the family business in 2000 alongside his father, Dayapala Jayawardana. The initiative materialised in 2006 with the company’s first direct shipment—a 15-kilogram consignment of Flowery Broken Orange Pekoe (FBOP) tea to the United States.

Since then, the company has expanded its direct-export operations, which now account for around 20% of its total manufacturing output. Following its transition to organic production, approximately half of its organic tea output is exported directly by the company.

Its key export markets include Japan, the United States, France, the Netherlands, Switzerland and Australia, with direct shipments now reaching 35 countries.

The company said its direct-export model would continue to expand amid growing international demand for traceable, single-origin Ceylon tea, with premium and organic grades at the centre of its export strategy.

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