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Sampath Bank launches innovative Mini-POS Solution, empowering SMEs to boost sales and enhance customer experience

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Responding to the increasing demand for digital payment solutions within the small and medium-sized enterprise (SME) sector, Sampath Bank is the first bank in Sri Lanka to launch a MiniPOS device, proudly announcing the innovative bespoke mini-POS solution. These innovative systems, meticulously crafted to address the unique needs of SMEs, empower businesses to streamline transactions and enhance customer experiences.

As SMEs continue to play an increasingly pivotal role in the market, Sampath Bank recognises the importance of providing affordable and user-friendly payment solution. Developed with portability, versatility, and ease of use in mind, the mini-POS solution offer SMEs a convenient avenue to accept payments from customers, thereby driving sales and revenue growth. Customers can seamlessly process transactions over multiple payment schemes such as Visa, Mastercard, China Union Pay, JCB, Lanka QR, and UPI networks is also another important feature of this handy portable device.

Shiran Kossinna, Assistant General Manager of the Card Centre at Sampath Bank, shared his insights on the initiative, stating, “At Sampath Bank, we are committed to supporting the growth and success of SMEs. Our mini-POS solution not only cater to the specific needs of this segment but also align with government efforts to modernise payment channels, ultimately fostering financial inclusion.”

In addition, Sampath Bank’s mini-POS solution offers a range of features to meet the diverse needs of businesses. These include portability, as the compact and lightweight systems are ideal for various business such as pop-up shops by entrepreneurs, grocery stores, boutiques, delivery/courier companies, event vendors, and outdoor markets, ensuring a convenient payment option wherever customers go, supporting multiple payment methods, including contactless payments (NFC), chip cards, and payments via mobile wallet (QR), thereby enhancing the overall shopping experience. Furthermore, the mini-POS systems enable faster transactions, crucial in busy environments during peak shopping times or events with high foot traffic, ensuring quick and efficient payments. Lastly, advanced security features safeguard customer data during transactions, providing peace of mind for both businesses and customers.

By offering a modern and efficient payment solution tailored for SMEs, Sampath Bank focuses on empowering these entrepreneurs. This is achieved by boosting sales through enhanced customer experience, providing a convenient payment solution, reducing checkout times, and streamlining the payment process. Additionally, Sampath Bank supports government initiatives to digitalise domestic payment channels. They aim to expand market reach by offering a portable and versatile mini-POS solution and differentiate themselves from competitors by providing a cost-effective and user-friendly system, with merchants who acquired the POS machine on or before 31st August 2024 receiving six months of free rental.

As Sampath Bank continues to pioneer advancements in digital payments, SMEs can look forward to a future of enhanced efficiency, flexibility, convenience, and growth opportunities.



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Ceylon Chamber’s Investment Summit 2026 to steer Sri Lanka beyond stabilisation

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President Anura Kumara Dissanayake will inaugurate the Sri Lanka Economic and Investment Summit 2026 today, at the Shangri-La Colombo

Sri Lanka’s national economic discourse takes center stage today as the country’s premier private-sector body, The Ceylon Chamber of Commerce, hosts the Sri Lanka Economic & Investment Summit 2026 at the Shangri-La Colombo.

Convening on October 12 and 13, the two-day summit brings together an influential gathering of senior policymakers, international financiers, multilateral development partners, and private-sector captains to chart the island’s next phase of macroeconomic growth.

Held under the theme “Positioning Sri Lanka in a Changing Global Economy: Resilience, Reform, and the Future of Economic Policy,” this year’s forum marks a critical inflection point in the nation’s post-crisis trajectory.

As Sri Lanka shifts its emphasis from immediate financial stabilization toward sustainable, long-term expansion, the summit aims to address the structural imperatives necessary to secure high-impact foreign direct investment (FDI), deepen regional trade integration, and unlock emerging sectors of economic activity.

The core agenda over the two days focuses on building resilience across volatile global market cycles while executing targeted policy reforms. Key working sessions will examine:

Regional Value Chains & Trade Integration: Leveraging Sri Lanka’s strategic Indian Ocean geography to capture higher-value export flows and commercial linkages.

Energy & Infrastructure Transformation: Accelerating renewable energy integration and modernizing national utility policy.

Digital Economy & Public Modernization: Deploying digital technologies across public administration and financial services to enhance operational efficiency and transparency.

Sectoral Priorities: Modernizing healthcare infrastructure and agricultural value-addition to build a robust domestic economic base.

A defining feature of this year’s summit is the strong convergence between state policy and global commercial expertise. Keynote addresses and panel discussions will feature prominent leaders, including Prime Minister Dr. Harini Amarasuriya and T. Krishnakumar, Chief Executive Officer of Reliance Consumer Products Ltd.

They will be joined by senior delegations and policy experts from major global institutions, including:

= The Asian Development Bank (ADB)

= The International Finance Corporation (IFC)

= Standard Chartered Bank

= Zydus Lifesciences

The active participation of the country’s highest executive and legislative leadership across both days underscores a clear policy commitment to private-sector-led growth. By establishing a direct, high-level platform for dialogue between investors and policymakers, the Ceylon Chamber’s summit seeks to refine regulatory frameworks, improve the ease of doing business, and establish a clear, predictable environment for capital formation in the years ahead.

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White House blocks Microsoft from foreign worker hiring programme

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The White House has often made extreme claims regarding international workers and immigration

Microsoft and several other technology firms have been barred by the White House from hiring skilled international workers on a permanent basis through a widely used visa programme.

US Vice-President JD Vance on Thursday accused Microsoft alongside other firms of committing fraud through the use of the H-1B visa programme and a related process for workers from abroad to become permanent US residents.

Vance claimed that Microsoft, one of the most valuable companies in the US, has been effectively replacing American workers with “foreign indentured servants.”

Microsoft said most of the H-1B visas filed over the last financial year were for existing workers, who are paid the same as local staff.

“No company in the US has abused this system more than Microsoft,” Vance said.

He also made similar accusations about Adobe, Cognizant, Infosys, Tata, Wipro, HCL and Capgemini.

The US government will not process any new or pending Permanent Labor Certification Program (PERM) applications from Microsoft or the seven other companies, Secretary of Labor Keith Sonderling said during the same conference.

Sonderling said companies like Microsoft, as well as US universities, have turned into “visa mills” that were “flooding” the US with foreign workers.

The BBC has contacted all of the companies for comment.

The total number of H-1B visas, a precursor to anyone seeking to go through the PERM process, is capped at 85,000 per year.

A spokeswoman for Microsoft noted to the BBC that “the vast majority of Microsoft employees in the United States are Americans.” The company employs more than 200,000 people worldwide.

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ComBank unites stakeholders to prepare agri sector for El Niño

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El Nino awareness programmes conducted by the Bank

In response to emerging climate risks, the Commercial Bank of Ceylon has launched a proactive initiative through its Development Credit Department, to equip Sri Lanka’s agricultural sector against the potential impacts of the 2026 El Niño climate pattern.

Seeking to move the industry from reactive loss management to early climate preparedness, the Bank partnered with leading state universities to execute a two-part educational and technological intervention in September 2026.

The initiative comes at a critical juncture. Sri Lanka’s Department of Meteorology reported an 80% probability of El Niño conditions emerging between June and August 2026, with effects expected to persist through November and beyond. As highlighted by the Food and Agriculture Organization (FAO), El Niño acts as a risk multiplier for rural livelihoods, food production, and water supply.

To mitigate these threats, the Bank’s initiative creates a collaborative network uniting academic institutions, agricultural extension services, technology providers, farming communities, and the financial sector. The awareness programme on El-Niño and its impact on agriculture was supported by 12 Commercial Bank branches, and engaged with more than 1,100 farmers at 15 diverse locations, including Vattapalai, Muththajankaddu, Palampas, Oddusuddan, Siyambalanduwa, Lindula, Neluwa, Kalawana, Pannala, Madampe, Mannar, Vavuniya and Kumalamunai.

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