Business

Dialog Axiata’s Genie enhances e-payment security with tokenization

Published

3 years ago

2020/11/6

Offering customer’s greater avenues of convenience coupled with a future-fit payment security model Genie, Sri Lanka’s first PCI-DSS-certified payment app, powered by Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, has adopted tokenization technology to eliminate friction in its payment process and provide a quick checkout experience.

With increased attention surrounding mobile payments and a myriad of merchants migrating online, payment security is an integral factor in ensuring customer confidence by reducing the risk of fraud and digital data breaches in the platforms they are operating on. Tokenization is a widely used method of replacing sensitive information, such as a primary account number (PAN) of a customer’s credit/ debit card, with a random string of unique characters called “tokens” which are sent across the payment gateway for processing without the actual card details being exposed to the merchant. Widely used, this encryption method is an effective and secure alternative when transferring sensitive information, adding an extra level of security to credit and debit card payments and fast becoming a catalyst in fighting fraud whilst creating a seamless payment process.

At present, Genie allows customers to store their details in a ‘One-Click-Pay’ option across several partner merchants, who also support tokenization technology, facilitating them with greater convenience in not having to enter their payment details each time they perform a transaction for those particular merchants. At present, Genie’s partner merchants who support tokenization include Eat Me Global, chargeNET, eLogic Lanka, and Dialog Axiata’s own MyDialog app.

Speaking on the integration, Renuka Fernando, Group Chief Digital Services Officer of Dialog Axiata PLC stated, “Genie stands empathetic to the diverse needs of modern customers and continuously aims to find sustainable digital solutions to meet those growing dynamic needs. Through the adoption of tokenization technology, Genie will enable the digital commerce arena in Sri Lanka to flourish by giving customers and merchants total confidence in the security behind their transactions. As we continue to grow the tokenization process on the Genie platform by onboarding new merchants, Genie will continue to improve the system with more features in time to come”

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Business

Oil prices rise as Saudi Arabia pledges output cuts – Opec+

Published

16 hours ago

2023/06/5

Priyan

(picture BBC)

Oil-producing countries have agreed to continued cuts in production in a bid to shore up flagging prices.

Saudi Arabia said it would make cuts of a million barrels per day (bpd) in July and Opec+ said targets would drop by a further 1.4 million bpd from 2024.

Opec+ accounts for around 40% of the world’s crude oil and its decisions can have a major impact on oil prices.

In Asia trade on Monday, Brent crude oil rose by as much as 2.4% before settling at around $77 a barrel.

The seven hour-long meeting on Sunday of the oil-rich nations, led by Russia, came against a backdrop of falling energy prices.

Total production cuts, which Opec+ has undertaken since October 2022, reached 3.66 million bpd, according to Russian Deputy Prime Minister Alexander Novak.

Opec+, a formulation which refers to the Organization of Petroleum Exporting Countries and its allies, had already agreed to cut production by two million bpd, about 2% of global demand.

(BBC)

Business

Manpower services agency wins accolades for its contribution to foreign employment sector

Published

20 hours ago

2023/06/5

Thilina Walpola

Siraj Cafoor, Managing Director of Siraj Manpower Services receives the award

Its MD says. ‘go abroad only if you can work hard’

Siraj Manpower Services, one of Sri Lanka’s leading foreign employment agencies, was honoured with the Three-Star Award at the ‘Golden Awards’ 2023, organised by the Sri Lanka Bureau of Foreign Employment (SLBFE). This award ceremony was organised to honour foreign employment agencies that have made a significant contribution to the development of the foreign employment sector, which is a major source of foreign exchange for Sri Lanka. Siraj Cafoor, Managing Director of Siraj Manpower Services, was presented with the award at the award ceremony which was held at the BMICH in Colombo under the patronage of Minister of Foreign Employment and Labour Manusha Nanayakkara.

Having been established in 2002, Siraj Manpower Services (www.sirajmanpower.lk) has earned a reputation in the field of foreign employment by winning the trust of customers for more than 20 years. It has been offering job opportunities in the Middle East countries such as Kuwait, Qatar, Dubai and Saudi Arabia, and Malaysia as housekeepers, drivers, sanitation workers, labourers and also jobs related to the apparel industry. All these workers are entitled to approved salary scales certified by the SLBFE.

“We always stand for the safety of workers who go abroad through our organisation. We work to solve the problems that arise in relation to the contracts that the workers have entered into. I must mention something special to those who go abroad for employment. That is, you should keep in mind that you go abroad only to work. Go abroad only if you can work hard. You have to remember that you are going abroad to earn some more money and achieve the advancement of your family.” said Siraj Cafoor.

Business

Direct flights between Istanbul and Katunayake to commence from August

Published

20 hours ago

2023/06/5

Thilina Walpola

A special discussion between Turkish Ambassador – Demet Sekercioglu and Minister of Ports, Shipping and Aviation – Nimal Siripala de Silva took place last week at the ministry office. The aim of the discussion was to seek authorization to commence direct flights from the Turkish Capital Istanbul to Katunayake, Sri Lanka. The Chief of Turkish Airlines’ South Asia Office Fathi Bozkurt was also present during the discussion.

Currently, Turkish Airlines connects with Sri Lanka through a route that includes a stopover in the Maldives, resulting in an additional travel time of one and a half hours. The delay caused by this routing is not favored by travelers, as emphasized by the Ambassador.

The Chief of Turkish Airlines requested for time and space to be allocated in order to initiate direct flights between Istanbul and Katunaike, thus providing convenience for Turkish tourists and travelers who prefer visit Sri Lanka.

The Minister announced that the request would be forwarded to the Director General of the Civil Aviation Authority of Sri Lanka and the Airport and Aviation Services (Sri Lanka) (Private) Limited. The aim is to establish direct flights between Istanbul and Katunayake starting from August this year.

Turkish Airlines, a renowned airline with a fleet of over 100 aircraft, offers flights connecting Europe’s Vancouver and New York. The Chief of Turkish Airlines said that the new service would not only benefit European travelers but also encourage them to travel to Sri Lanka.