Business
DFCC and CBSL push towards a cashless future in Galle
Minister Chandima Weerakkody making a purchase using the DFCC Pay App
DFCC, the bank for everyone, recently participated in the Central Bank of Sri Lanka’s (CBSL) RataPurama QR promotional event, held in the southern economic hub of Galle. The decision by DFCC to maintain a presence at this event comes after the recent success of DFCC’s promotional campaign held at the Narahenpita Economic Centre with the goal of promoting QR payments under the Central Bank of Sri Lanka’s Rata Puraama Quick Response initiative.
Due to the fact that this event’s objective was to promote the national level interest of bringing Sri Lanka into a cashless future, Minister Chandima Weerakkody, CBSL Governor Prof. W D Lakshman, CBSL Director Payments Dharmasri Kumaratunge graced the occasion as the Chief Guests. Representatives present from DFCC were Vice President (Cards) Denver Lewis and Southern Regional ManagerPradeep Alwis.DFCC’s stall caught the attention of many invitees and participants and as a result, countless successful cashless transactions were conducted. This was further driven by the presence of displayed products from Narangoda Group, a prominent dealer for LAUGFS Gas and Hemara Rich Look, a leading clothing store in Galle.
Additionally, DFCC was also able to build increased awareness and usage of the DFCC Pay App that enables QR code transactions – numerous vendors and customers were able to gain insight into the convenience of using a QR-based payment method via DFCC Pay App. As a result, new QR Merchants from the area were onboarded and subsequently promoted QR Payments to their customers. DFCC is no stranger to the benefits of enabling their customers to use QR-based paymentmethods. The launch of DFCC’s Pay App in January 2019 resulted in the bank becoming among the first financial institutions to be certified for the LANKAQR standard which is now accepted as the national common QR.The trailblazing Pay App permits customers to make retail payments using smart mobile devices through funds available in their current or savings account to the merchant’s account directly. The DFCC Pay App provides a convenient, secure and affordable option for making retail payments which is otherwise primarily made by cash. Similarly, the DFCC Pay Merchant App can be used by all types of merchants in the countryfrom large corporates, SMEs to wayside vendors, while QRMerchants can accept payments even with the use of a basic feature phone as the paymentconfirmation can be sent as an SMS Alert.
As an unwavering partner in the Central Bank of Sri Lanka’s efforts to reduce the usage of physical cash by Quick Response (QR) initiative, DFCC has assumed an active role in supporting the CBSL’s vision of building a cashless future. By continuing to leverage the use of advancements in technology and digitalisation, it is expected that the shared values of DFCC and the CBSL will result in an even faster adoption of QR technology among the general public.
Business
Sri Lanka betting its tourism future on cold, hard numbers
National Airport Exit Survey tells quite a story
Australia’s role here is strategic, not charitable
In a quiet but significant shift, Sri Lanka’s tourism sector is moving beyond traditional destination marketing and instinct-based planning. The recent launch of the “From Data to Decisions” initiative jointly backed by Australia’s Market Development Facility and the Sri Lanka Tourism Development Authority, sent an unambiguous message: sentiment is out, statistics are in.
The initiative is anchored by a 12-month National Airport Exit Survey, a trove of data covering 16,000 travellers. The findings sketch a new traveller profile: nearly half are young (20–35), independent, and book online. Galle, Ella, and Sigiriya are the hotspots; women travellers outnumber men; and a promising 45% plan to return. This isn’t just trivia. It’s a strategic blueprint. If Sri Lanka Tourism listens, it can tailor everything from infrastructure to marketing, moving from guesswork to precision.
The keynote speaker, Deputy Minister Prof. Ruwan Ranasinghe called data “a vital pillar of tourism transformation.” Yet the unspoken truth is that Sri Lanka has long relied on generic appeals -beaches, heritage, smiles. In today’s crowded market, that’s no longer enough. As SLTDA Chairman Buddhika Hewawasam noted, this partnership is about “elevating how we collect, analyse, and use data.”
Australia’s role here is strategic, not charitable. By funding research and advocating for a Tourism Satellite Account, it is helping Sri Lanka build a tourism sector that is both sustainable and measurable. Australian High Commissioner Matthew Duckworth linked this support to “global standards of environmental protection” – a clear nod to the growing demand for green travel. This isn’t just aid; it’s influence through insight.
“The real test lies ahead,” a tourism expert told The Island. “Data is only as good as the decisions it drives. Will these insights overcome bureaucratic inertia? Will marketing budgets actually follow the evidence toward younger, independent, female travellers?,” he asked.
“The comprehensive report promised for early 2026 must move swiftly from recommendation to action. In an era where destinations are discovered on Instagram and planned with algorithms, intuition alone is a high-stakes gamble. This forum made one thing clear: Sri Lanka is finally building its future on what visitors actually do – not just what we hope they’ll do. The numbers are in. Now, the industry must dare to follow them,” he said.
By Sanath Nanayakkare
Business
New ATA Chair champions Asia’s small tea farmers, unveils ambitious agenda
In his inaugural address as the new Chairman of the Asia Tea Alliance (ATA), Nimal Udugampola placed the region’s millions of smallholders at the core of the global tea industry’s future, asserting they are the “indispensable engine” of a sector that produces over 90% of the world’s tea.
Udugampola, who is also Chairman of Sri Lanka’s Tea Smallholdings Development Authority, used his speech at the 6th ATA Summit held in Colombo on Nov. 27 to declare that the prosperity of Asian tea is “entirely contingent” on the resilience of its small-scale farmers, who have historically been overlooked by premium global markets.
“In Sri Lanka, smallholders account for over 75% of our national production. Across Asia, millions of families maintain the quality and character of our regional teas,” he stated, accepting the chairmanship for the 2025-2027 term.
To empower this vital community, Udugampola unveiled a vision focused on Sustainability, Equity, and Digital Transformation. The strategic agenda includes:
Climate Resilience: Promoting climate-smart agriculture and regenerative farming to protect smallholdings from environmental disruption.
Digital Equity: Leveraging technology like blockchain to create farm-to-cup traceability, connecting smallholders directly with premium consumers and ensuring fair value.
Market Expansion: Driving innovation in tea products and marketing to attract younger consumers and enter non-traditional markets.
Standard Harmonization: Establishing common regional quality and sustainability standards to protect the “Asian Tea” brand and push for stable, fair pricing.
Linking the alliance’s goals to national ambition, Udugampola highlighted Sri Lanka’s target of producing 400 million kilograms of tea by 2030. He presented the country’s “Pivithuru Tea Initiative” as a model for other ATA nations, designed to achieve this through smallholder empowerment, digitalization, and aligned policy objectives.
By Sanath Nanayakkare
Business
Brandix recognised as Green Brand of Year at SLIM Awards 2025
Brandix Apparel Solutions was recognised as the Green Brand of the Year at the Sri Lanka Institute of Marketing (SLIM) Brand Excellence Awards 2025, taking home Silver, the highest award presented in the category this year.
The ‘Green Brand of the Year’ recognises the brand that drives measurable environmental impact through sustainable practices, climate-aligned goals and long-term commitment to protecting natural resources.
A pioneer in responsible apparel manufacturing for over two decades, Brandix has championed best practices in the sphere of sustainable manufacturing covering environmental, social, and governance aspects. The company built the world’s first Net Zero Carbon-certified apparel manufacturing facility (across Scope 1 and Scope 2) and meets over 60% of its energy requirement in Sri Lanka via renewable sources.
Head of ESG at Brandix, Nirmal Perera, said: “Being recognised as Green Brand of the Year is an encouraging milestone for our teams working across sustainability.”
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