Connect with us


ComBank powers Findmyfare



Findmyfare, Sri Lanka’s largest online travel company, has begun accepting online payments via Quick Response (QR) codes following the Commercial Bank of Ceylon introducing the LANKAQR option to the company.

Customers purchasing flight tickets, movie tickets, hotel stays or mobile reloads on can now settle their payments through the ComBank Q+ App, Sri Lanka’s first QR based payment App under LANKAQR.

This QR payment option is listed alongside other wallet payment options such as Visa and Mastercard, enabling the website to process transactions across multiple product verticals.

The ComBank Q+ App is the first QR based payment application launched under LANKAQR, the National Quick Response (QR) standard for local currency payments introduced by LankaPay under the guidance of the Central Bank of Sri Lanka (CBSL).

The ComBank Q+ App allows merchants to accept payments through any QR based application compliant under LANKAQR by enabling customers to scan the merchant’s QR code with their mobile phones, and select their Credit Card, Debit Card, current account or savings account to be used to pay for the transaction. The App has been developed based on interoperable standards where merchants and consumers of different issuers and acquirers can transact through LANKAQR.

The ComBank Q+ application provides several unique features such as an option to check/verify the transaction, support of both Static and Dynamic QR options, real-time updates via a text or in-app message, real time credits to the Merchant Account that brings convenience to both the merchants and customers, mass printed QR (in Statements/ Bills Etc.), dynamic QR on demand and system integrations.

The QR code integration with the e-Commerce site will enable customers make convenient and secure purchases via the findmyfare web site, without running the risk of accidental payments, the Bank said. QR payments are safe as the customer initiates the payment process by scanning the QR code of the merchant and the transaction must be confirmed and authorised before the amount is debited.

Apart from the QR payments, the Internet Payment Gateway service provided by the Commercial Bank to Findmyfare to accept online card payments covers the authorisation of Credit and Debit cards, and processing of direct payments through Visa, Mastercard and UnionPay branded cards.

The online payment processing of will be facilitated by the Bank through Mastercard Payment Gateway Services (MPGS) which is fully-compliant with Payment Card Industry Data Security Standard (PCI-DSS) requirements. It is a secure e-commerce solution as merchants are provided with ‘server-hosted pages’ whereby card details are processed on the Payment Server and not at the merchant’s end.

Since its launch in 2012, has become Sri Lanka’s largest online travel company, providing the best travel deals. The portal allows customers to search, compare and book cheap flights and hotels around the world. The company was the very first in Sri Lanka to provide an online reservations facility that enabled customers to confirm bookings without a credit card payment., made a unique mark in Sri Lanka’s travel industry by giving customers a quick, easy and reliable new way of making travel reservations.

The first Sri Lankan Bank to be listed among the Top 1000 Banks of the World and the only Sri Lankan bank to be so listed for 10 years consecutively, Commercial Bank is celebrating its 100th anniversary this year. The Bank, which won more than 50 international and local awards in 2019, operates a network of 268 branches and 873 ATMs in Sri Lanka.


Continue Reading
Click to comment

Leave a Reply

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


A ‘phygital’ experience at HSBC Premier Centre in Pelawatte



With the demographic equation changing and the mass affluent customers now also choosing to live in the suburbs, HSBC is gearing its branches of the periphery of the city to service customers in this segment.

Pelawatte has become the latest HSBC branch to be upgraded to be an exclusive Premier Banking Centre to meet the growing demand of the affluent population in the residential hub of the Colombo metro region.

The newly refurbished Premier Centre was declared open by Mark Prothero, CEO for HSBC Sri Lanka and Maldives. Also present was Nadeesha Senaratne, Country Head of Wealth & Personal Banking, together with senior management and staff.

Nadeesha Senaratne, said, “HSBC has established a long history of 128 years in Sri Lanka, and in the past few years we have seen the value of strategically expanding to meet the specific needs of our customers.”

HSBC’s Pelawatte branch was opened in 1998 and is conveniently located at no 418B Battaramulla – Pannipitiya Road, Battaramulla which currently serves a diverse portfolio of retail banking customers. With the new improvements undertaken, HSBC hopes to provide customers with an inclusive banking service, and attract potential new customers with its Premier banking proposition and worldwide banking service, within the expanding residential neighborhood.

The Premier Centre in Pelawatte models HSBC’s flagship Premier Centre located in Flower road- Colombo 7, with an expansive ‘open’ space concept for casual open dialog with customers. The space has been optimized to enhance the customer experience by providing a ‘phygital’ banking experience with private meeting rooms specially designed to give customers an exclusive banking service with the assistance of a dedicated Relationship Manager. It also features video conferencing facility, which enables customers to connect with their Premier RM’s internationally, while enjoying the highest standards of privacy. Customers can walk out of the branch with the ‘Bank in their pocket’ by opening an account in less than an hour and begin transacting digitally, almost instantly.


Continue Reading


SLT & Mobitel successfully conclude digitization of Lankagama Village



Fulfilling its role as the nation’s pioneer in Telecommunication Services, the SLT Group successfully completed the President’s directive of providing high-speed connectivity solutions to the Lankagama Village recently.

An event was held to mark this proud achievement on 20th September 2020 in the presence of Oshada Senanayake – Director General of the Telecommunications Regulatory Commission of Sri Lanka (TRCSL), Lalith Seneviratne – Group CEO of SLT & Mobitel, Kiththi Perera- Chief Executive Officer of SLT, M.B.P. Fernandez – Chief Operations Officer of SLT, Prabath Dahanayake – Chief Marketing Officer of SLT, Sudarshana Geeganage – Chief Financial Officer of Mobitel, Shashika Senerath – Chief Marketing Officer of Mobitel, Rasantha Hettithanthrige – Senior General Manager, Engineering & Operations at Mobitel along with SLT & Mobitel technology partners Huawei, ZTE and the community.

The SLT Group provided high-speed 4G/LTE broadband and enhanced voice services within record-time despite the fact that the Lankagama Village is located at the southern boundary of the Sinharaja Rain Forest, in the Neluwa Divisional Secretariat, Galle District; posing severe logistical challenges. Further, the SLT Group also offered SMART classroom solutions consisting of tabs, laptops and school supplies including stationery thereby opening up a world of possibilities for the students in the remote village. (SLT)

Continue Reading


Low valued companies’ stocks in demand



By Hiran H.Senewiratne 

Share price increases of low valued stocks were a highligh of CSE trading yesterday, market analysts said.

It is said that HNB Finance, which featured one of the smallest Initial Public Offerings (IPO) in February this year, witnessed more than a 75 percent share price increase, thus adding 21 index points to the All Share Price Index. According to stock-brokers,  when the HNB Finance shares started trading, it stood at Rs. 8.80 and at the end of the day it  shot up to Rs. 15.50, which was a Rs. 6.60 or 75 percent increase.

At the IPO  in February it is said that the  number of issued shares reported 10 million  at Rs. 5.70 per share. However, during the day  more than 1.9 million  shares or close to 20 percent  traded, which was an unusual occurrence, brokers said. 

Further, there was a significant price  increase in the stocks of several low valued companies, including Pan Asia Power, Mackwoods Energy, Laugfs Power, Vallibal Power Erathna, Vidula Lanka, Lotus Power, National Lanka Finance and many more. These listed companies’ share prices noticeably increased and traded well. Those companies’ share prices are all below Rs. 10, market analysts said.  

Amid those developments profit taking was noted since it is near to the month end and both indices showed mixed reactions. All Share Price Index was up by 18.23 points and  S and P SL20 went down by 16.06 points. The slight drop in the banking sector resulted in indicating a downward trend in S and P SL20, market sources said.

Yesterday, turnover stood at Rs. 2.53 billion with three crossings. Those crossings were reported in JKH, which crossed 540,000 shares to the tune of Rs. 73.44 million; its share price traded at Rs. 136, HNB 250,000 shares crossed for Rs. 32 million, its share price traded at Rs. 128 and Sampath Bank 150,000 shares crossed for Rs. 20.3 million, its share trading at Rs. 135.

In the retail market top five companies that mainly contributed to the day’s turnover were,  Kelani Tyre Rs. 151.5 million (91.9 million shares traded), Royal Ceramic Rs. 130 million (1.15 million shares traded), Hemas Holdings Rs118.3 million (1.68 million shares traded), Expolanka Rs. 112.6 million (11.8 million shares traded) and Richard Pieris Holdings Rs. 93.2 million (6.2 million shares traded). During the day  134.2 million share volumes changed hands in 26024 transactions. Sanasa Development Bank is going for a right issue, which was conveyed to the CSE yesterday

On the previous day, Hayleys PLC dominated turnover  at the CSE with 2 million of its shares trading for Rs. 467.3 million, accounting for 13 percent  of the total.  Finco had bought the shares (amounting to a 2.6 percent stake) done via two crossings at Rs. 230 per share. 

Continue Reading