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Sampath Bank introduces revolutionary payment method, Sampath PayBand, a wearable device for seamless payments first time in Sri Lanka

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Ayodhya Iddawela Perera, Managing Director of Sampath Bank and Tharaka Ranwala, Senior DGM - Marketing, Customer Care & Card Centre. Pic by Nishan S Priyantha

As the global trend towards contactless payments continues to surge, Sampath Bank proudly unveils its latest innovation: Sampath PayBand, the versatile Wearable Payment Device. This groundbreaking solution promises to redefine the transaction landscape in Sri Lanka, catering to the evolving preferences of the younger generation and tech-savvy consumers. Representing a significant milestone as the country’s first of its kind, Sampath PayBand, heralds a new era in convenient and secure transactions.

Designed with a meticulous focus on enhancing the customer experience and streamlining payment processes, Sampath PayBand features a sleek Silicon Wristband embedded with a payment chip. Seamlessly integrated with Sampath Bank Savings accounts, this cutting-edge device empowers users to effortlessly make transactions with a simple tap or wave at any NFC-enabled POS terminal. Gone are the days of cumbersome wallets, forgotten cards, and misplaced phones – Sampath PayBand offers unparalleled convenience at every touchpoint.

“At Sampath Bank, we are dedicated to driving innovation and embracing emerging technologies to meet the evolving needs of our customers,” said Shiran Kossinna – Assistant General Manager Card Centre at Sampath Bank. “With the introduction of Sampath PayBand, a Wearable Payment Device, we aim to provide a seamless and hassle-free shopping experience, empowering our customers with the freedom to make cashless payments effortlessly.”

Launched in partnership with VISA, a global payment card services corporation facilitating electronic funds transfers throughout the world, the Sampath PayBand underscores the Bank’s dedication to providing cutting-edge banking solutions that meet the evolving needs of today’s consumers, offering convenience, security, and peace of mind.

Being the first of its kind in Sri Lanka, Sampath PayBand stands as a unique and compelling offering for consumers. Unaffected by rain or shine, work or party, the product is the ideal choice of the Gen Z and tech-savvy generation who look for convenience, versatility and fashion when selecting products for their use.



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Fuel price hikes trigger transport disruptions and calls for fare increases

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The latest fuel price increases have sparked widespread concern among transport operators and raised questions about the government’s supportive measures. Cabinet Spokesman and Minister Dr Nalinda Jayathissa told a media briefing yesterday that the government was incurring a monthly loss of Rs. 20 billion by maintaining subsidies on fuel. According to the Minister, the state loses Rs. 100 per litre of diesel and Rs. 20 per litre of petrol under the current pricing system, a burden that the Treasury continues to absorb as part of a “supportive mechanism.”

The Ceylon Petroleum Corporation (CPC) revised fuel prices from midnight on March 21, raising the price of a litre of Lanka Auto Diesel by Rs. 79 to Rs. 382, Super Diesel by Rs. 90 to Rs. 443, Octane 95 petrol by Rs. 90 to Rs. 455, and Octane 92 petrol by Rs. 81 to Rs. 398. Lanka Kerosene was increased by Rs. 60,bringing the price to Rs. 255 per litre. Other suppliers, including Sinopec and Lanka IOC, also implemented similar hikes, with Sinopec’s Super Diesel rising sharply by Rs. 219 to Rs. 572 per litre.

The surge in fuel prices has had an immediate impact on public transport. The Chairman of the Lanka Private Bus Owners’ Association, Gamunu Wijerathne, told The Island that 90% of private buses were off the road yesterday (22). He called for a 15% increase in bus fares, raising the minimum fare from Rs. 27 to Rs. 35, warning that services could be suspended if fare adjustments are not approved.

Three-wheeler operators have also pressed for immediate fare revisions. L. Rohana Perera, General Secretary of the National Joint Three-Wheeler and Industrialists’ Association, said the rising fuel costs have made it difficult for drivers to continue operating. The Association has proposed a Rs. 20 increase for the first kilometre fare for all meter-operated three-wheelers and plans to present its concerns to the Presidential Secretariat.

Fuel price monitoring has also intensified amid concerns over potential smuggling. A senior police officer told The Island that intelligence units have been deployed near fuel stations to prevent hoarding. The police suspect that certain fuel station employees and owners could be facilitating stockpiling.

Political leaders have warned that the hikes will ripple across the economy. SJB MP S.M. Marikkar said transport cost increases will drive up the prices of essential goods such as rice and fish, leaving consumers struggling under rising costs.

Import and export container transportation charges will be increased by 20% from midnight yesterday (22) due to the recent fuel price hike, according to the Container Transport Vehicle Owners’ Association.

The latest increases follow two rounds of price hikes since March 9, driven by surging global oil prices amid the Middle East conflict. Since then, Lanka Petrol 92 Octane has risen by Rs. 105 to Rs. 398, Petrol 95 Octane by Rs. 115 to Rs. 455, Auto Diesel by Rs. 101 to Rs. 382, and Super Diesel by Rs. 114 to Rs. 443 representing an overall increase of around 35% across key fuel categories.

by Norman Palihawadane and Pradeep Prasanna Samarakoon

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Prof. Peiris honoured by International Institute of Rehabilitation

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Felicitating Prof. Peiris at the event were Senior Lecturer Ravindra Samarawickrama, Chairman of the International Organisation for Crime Prevention and Rehabilitation, Director Nilantha Kotikawatte, and Senior Lecturer Udaya Kumara Amarasingha, Head of the Department of Criminology and Criminal Justice at the University of Sri Jayewardenepura

At the award presentation ceremony of the International Rehabilitation Institute last week, Professor G.L. Peiris, as Chief Guest, in his keynote address, dealt with the special relevance of rehabilitation at this time. The traditional criminal law makes provision for punishment after a crime has been committed, and punishment usually takes the form of a prison sentence. It is even more important, however, to explore practical means of prevention and also to have recourse to a custodial sentence as a last resort rather than as the typical response.

The modern approach is that punishment is seen not as retributive but as a means of rehabilitating the offender in society. Prison sentences, bringing a first offender into the prison environment and association with habitual offenders, carries the risk of recidivism, the available statistics indicating the likelihood of return to prison on repeated occasions.

He placed emphasis on the importance of informed social attitudes to ensure that an offender does not carry a permanent stigma, reducing his opportunities for employment and acceptance in society. The importance of religious instruction in early childhood, and the close connection between temple and village, was stressed.

Professor Peiris was honoured with an award of appreciation by academic colleagues.

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CMC resumes parking fees

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The Colombo Municipal Council (CMC) has resumed parking fees in the city with effect from today (23).

Parking management and fee collection will recommence from 6 am, following a decision by the Finance Standing Committee of the Council.

Charges were temporarily suspended from March 18 due to heavy traffic and long queues near fuel stations. Authorities said the situation had improved with the introduction of the QR code system and odd-even rationing.

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