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DFCC and CBSL push towards a cashless future in Galle

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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.



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Business

Dialog Axiata revolutionizes digital payment acceptance for small business owners

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eZ Cash, Sri Lanka’s Largest Mobile Money platform has enabled instant access for small businesses to accept contactless and remote payments using LANKAQR. With the Central Bank of Sri Lanka led initiative to digitize small value payments in Sri Lanka through an inter-operable, standardized LANKAQR, Dialog Axiata PLC (“Dialog”) is committed to empowering the nation with simple, easy solutions which add value to small businesses who are now able to self register for this service through their mobile phones.

Small business and self employed persons such as retailers, street vendors, three wheelers etc. with a Dialog mobile number can now download the eZ Cash app and use a simple registration process to sign-up for an eZ Cash Classic Wallet at no additional cost. On using the “MyQR” feature via the eZ Cash app, they can start accepting payments from their customers using their unique LANKAQR code. Payments can be accepted from any mobile banking app or payment wallet in the country which has enabled LANKAQR transactions, and proceeds will be received instantly to their wallet. Transactions using the LANKAQR payment network will be charged a nominal fee of 0.5% of the transaction value. Businesses are able to withdraw cash from the wallet at over 20,000 eZ Cash retailers located island wide or at any commercial bank ATM. Proceeds from the wallet can be used to settle over 100 utility or institutional payments to companies such as CEB, LECO, the Water Board, SLIC, AIA, Ceylinco Insurance, HNB Finance, CDB, AMW Finance etc. eZ Cash Wallet holders can also send money to an eZ Cash Wallet or pay for good and services at any retailer in the country which has enabled LANKAQR payment acceptance.

The revolutionary MyQR solution can also be used by online businesses to accept payments by posting a saved image of their LANKAQR code on their website or Facebook page. Businesses can also accept remote payments from their customers by forwarding their saved LANKAQR code via email and WhatsAapp so that customers can scan the image of the LANKAQR code and make payments through their bank’s mobile payment app which has enabled LANKAQR. Payments to the value of Rs. 10,000 per day can be accepted into an eZ Cash Classic Wallet while payments in excess of this value and up to Rs. 50,000 per day can be enabled through an eZ Cash Power Wallet. Customers can enhance their Classic eZ Cash Wallet to a Power Wallet by visiting any Dialog Customer Experience Centre or Service Centre.

 

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Latest model of OPPO F- Series tipped to launch in March

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It is learnt that OPPO is set to unveil the latest addition to their range – the F19 Series in early March 2021. A rectangular camera module with four lenses, LED flash, and AI support adorns the rear design of the F19 Pro while a smart band which may get launched simultaneously – is seen alongside, in a post revealing the series.

OPPO F19 Pro looks quite elegant its design & features a button on the right side which is believed to be the power on/off button. As per the poster image, there is no physical fingerprint sensor at the back panel, which suggests the phone might come with an in-display fingerprint sensor.

While OPPO might be working on the low-light camera performance, it is also suggested that it will have features like AI Colour Portrait Video, and Dual-View Video, which allow recording videos from both front and rear cameras.

Wrapped in Ultra Slim Body, the device is tipped to come in at least two shades.

The OPPO Smart Band could also be expected in Sri Lanka alongside the launch of the new F19 Series, similar to the OPPO watch which was released with OPPO F17 Pro. The Smart Band is said to handle message notifications which will include incoming call notification & call rejection, apart from having whole host of other features. Both products are expected to be in stores from mid- March 2021.

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Hirdaramani takes bold new steps in transparency

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The Hirdaramani Group has yet again taken bold strides towards energy accountability by being the first in Sri Lanka to receive International Renewable Energy Certificates (I-RECs) for its energy usage. With this robust tracking standard, the group hopes to add new layers of accountability and credibility to its operations, living up to the commitments outlined in the company’s own sustainability vision.

As Energy Attribute Certificates (EACs), I-RECs serve to increase transparency in the energy sector and provide clarity about the use of renewable electricity among end-consumers. The I-REC Standard (www.irecstandard.org) ensures that issued certificates comply with major international sustainability and carbon accountability standards and adhere to stakeholder expectations of industry best practice for the avoidance of double counting, double certificate issuance and double attribute claiming. The system also helps individual companies seeking to improve their environmental credentials, while raising awareness among consumers and industry players.

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