Connect with us

Business

Arimac innovates and Rredefines the Sri Lankan banking industry

Published

on

Mobile payments have seen an increased development after the world faced the COVID-19 crisis in 2020. In the new socially distanced world, customers swiftly moved to digital solutions, whether it was for purchasing groceries or indulging in entertainment. Many businesses had to digitally transform themselves to keep up with the “no contact” way of functioning. “Within ten years, the objects used to make physical payments, be it plastic cards, paper cash, or metal coins will be obsolete, with most of that obsolescence happening over the next five years. Arimac currently has partnered with several multinational companies that have already started the trend of digitalization. This isn’t science fiction either. Look no further than Asia for examples of countries where most commerce is transacted through the mobile phone. At Arimac, we are excited to be at the forefront, leading the Sri Lankan fintech industry to the next stage of digitalization,” says Chamira Jayasinghe, Founder/CEO of Arimac.

One such partnership is Arimac’s collaboration with People’s Bank to launch the People’s Pay digital wallet, enabling individuals and businesses to transact electronically and store their data safely. Through the People’s Bank mobile wallet, customers can now check their account balances, transfer funds, pay utility bills as well as manage accounts at other banks. Additionally, customers can also conveniently carry out mobile reloads, bill payments, and QR code payments. Merchants are also provided a host of user-friendly features including registration requests within the app, history and overview based on the currency, same-day refunds, and QR code generation with the convenience of using the same app for both personal and merchant financial management.

Providing customers with enhanced biometric security features, such as fingerprint scanning and facial recognition, the mobile wallet is also equipped with AI technology that would facilitate customers to verify all the information that is uploaded onto the platform as well as capture the users’ digital signatures. The app’s onboarding security features will be further enhanced to facilitate EKYC and VKYC modules for additional identity verification.

“We developed this app in the course of just two months. It normally takes around 8 months to develop a fully functional mobile wallet; however, the team was determined to meet the timeline that was given to us and worked tirelessly to achieve this. We are currently working on enhancing the features even further by transforming the standard mobile wallet to a complete banking solutions app. This will transform the way people handle money and redefine the Sri Lankan banking industry. We are excited to have partnered with People’s Bank to pioneer this groundbreaking technology to the Sri Lankan market,” says Chamira Jayasinghe.

The wallet is fully compliant with all regulatory and cyber security requirements and is approved by the Central Bank of Sri Lanka. Available on all mobile platforms and compatible in Sinhala, English and Tamil, the People’s Pay Mobile Wallet is the ideal tool to manage all your online transactions.



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Wing Commander (Retd.) D. Pradeep S. Kannangara elected president, Industrial Security Foundation

Published

on

The Industrial Security Foundation (ISF) which acts as the sole organization in Sri Lanka to represent the Private Security industry having incorporated by an Act passed in the Parliament, Act No. 51 of 1999, elected Wing Commander (Retd.) Pradeep Kannangara as its President for the years 2022/2023 at its 30th annual General Meeting which was held at the PIM Auditorium in Borella. Wing Commander Pradeep Kannangara was appointed President while 14 other members were appointed to the Executive Committee, strengthening the ISF in order to drive and uplift the standards of the private security industry in Sri Lanka.

He has served on the ExCo consecutively since 2012 under four different presidents where he held the positions of Senior Vice President during the last three consecutive years. He has also been a committed member of the ISF and was awarded prestigious coveted FISF title due to his many valuable contributions to the organization and the Private Security Industry in Sri Lanka in 2012.

Wing Commander Kannangara’s journey into private security began after a successful career in the Sri Lanka Air Force for over 24 years where he served in many capacities finally being the Officer Commanding of the Special Air Borne Force. A recipient of the Ranasura Padakkama (RSP) Gallantry award for his bravery, sacrifices and service to the nation by the President of the Socialist Republic of Sri Lanka in 1990. He holds a Master’s in business management from the Edith Cowan University, Perth, Australia too and serves as a Board Director in AB Securitas (Private) Limited in Sri Lanka and AB Securitas Bangladesh Limited.

Continue Reading

Business

Kitchen & Bedroom reaffirms its partnership with Häfele Sri Lanka

Published

on

(L-R) Pawan Singh- General Manager Sales & Marketing at Hafele Sri Lanka, Jurgen Wolf- Managing Director Hafele South Asia, Dr. Sacquaff- Group CEO Kitchen & Bedroom, and Manish Mahajan, Director Sales Hafele South Asia

Kitchen & Bedroom, a name synonymous in the interior designing and furniture sector in the country recently celebrated its long-standing partnership with Häfele Sri Lanka during the latter’s 12th year anniversary celebratory event, reaffirming its ambitious plans to further strengthen and explore the numerous opportunities available here.

Häfele Sri Lanka, part of Häfele India which is a wholly owned subsidiary of the Hafele Global network, is a technology partner for various projects and initiatives of Kitchen & Bedroom. Both the companies operate in the interior design space, sharing their cumulative knowledge and expertise to provide extensive and personalized solutions catering to domestic requirements.

‘We take great pride in our association with Häfele Sri Lanka having exchanged and collaborated on many projects both commercial and household. We share similar values such as providing high quality, sustainable, functional and customized solutions to our customers, and most importantly to guide them through every aspect and step of the project and how best we could bring out their desired design,’ said Dr. Sacquaff, Kitchen & Bedroom Group CEO.

Continue Reading

Business

DSI strengthens its islandwide presence with three new showrooms

Published

on

Amid the prevailing economic hardships faced by Sri Lanka, Sri Lanka’s premier footwear brand DSI recently expanded its islandwide presence in the country with the opening of three new showrooms in Kahawatta, Akuressa, and Chavakachcheri, with the aim of offering greater access to its diversified product range to a wider customer base.

Gracing the special occasion, the showrooms were declared open by D. Samson & Sons (Pvt.) Ltd. Managing Director Thusitha Rajapaksa, in the presence of Director Asanka Rajapaksa, General Manager Pradeep Samarathunga, National Sales Manager – Retail Sales Naleen Weerawardana, invitees, and well-wishers.

Speaking at the opening ceremony, Thusitha Rajapaksa stated: “We are excited about expanding DSI wings to three new locations. Despite the ongoing economic conditions of the country, we took a call to take a proactive measure to expand our islandwide presence. While it has been a challenge, the commitment and hard work of our team has made it possible to serve our loyal customers better, and we are confident that we will be able to continue these efforts in the future as well.”

DSI is renowned for its well-trained staff who offer exceptional customer service. The three new DSI showrooms prioritize providing a unique service and customer support to make purchasing further convenient for the customer.

Continue Reading

Trending