Business
Dialog’s genie and Visa continue to enable safe and easy digital payments
Committed to instilling customers with confidence in their digital payments, Dialog’s genie, Sri Lanka’s first financial marketplace and all-encompassing digital wallet continues to drive digital payment adoption with Visa, its longstanding partner for credit and debit cards, thereby enabling them with seamless and secure digital transactions.
With the combined services offered by genie and Visa, Dialog customers will benefit from an enhanced digital shopping experience and in addition to this, until November 27th genie customers can avail an exclusive offer in the form of a rebate/ top-up. To avail this offer, genie customers just have to add a new Visa card on their genie app and make their first Dialog mobile prepaid or postpaid connection payment via the app. Customers will receive 30% of the total amount back (up to a maximum of Rs. 500) in the form of a rebate/ top-up to the same Dialog mobile connection they have settled the payment for.
Speaking on this integration, Renuka Fernando, Group Chief Digital Services Officer of Dialog Axiata PLC stated “In line with the Central Bank of Sri Lanka’s vision of driving digital transactions that enable and enhance Sri Lanka’s digital payment landscape, genie along with Visa is happy to offer our customers cashless confidence in addition to a variety of other contactless services.”
Avanthi Colombage, Country Manager – Sri Lanka and Maldives of Visa said, “Consumers always look for simple yet secure ways of paying digitally that eventually becomes a seamless habit. We are delighted to partner with Dialog and provide this convenience to their customers, where they can save their Visa cards on the genie app and have the superior payment experience that comes with Visa. With the security of Card-on-File tokenization, this also ensures that transactions come with increased safety and reduced friction for our cardholders.”
genie enables users with hassle-free payments, the ability to save and earn interest, invest money wisely, get a quick loan and more. Customers can make contactless payments with LANKAQR, open a Dialog Finance digital savings account, invest in a ‘goal based’ fixed deposit, invest in mutual funds via Softlogic Invest, settle multiple bills, receive a device loan via Lesi Pay, link their eZ Cash Wallet to genie and much more. In 2020, genie was re-certified the coveted Payment Card Industry Data Security Standard (PCI DSS) Version 3.2.1 for the 4th consecutive year from Qualified Security Assessor (QSA) SISA Information Security together with TechCERT, the local consultant and the technical service provider. PCI DSS ensures the security of cardholder data for credit/debit cards from major card schemes by preventing frauds and data breaches. This is achieved by enforcing leading security controls over the storage, transmission, and processing of cardholder data.
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)
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.
The Minister of Ports, Navigation and Aviation Nimal Siripala de Silva was on an observation tour on 3rd of June to witness the operations and development of Singapore’s main port. During the tour, he had a special discussion with the head of PSA International Private Company which carries out the operations and development of the Singapore port.
Won Chee Fung, CEO of the company’s Middle East and South Asia arm said if there are investment opportunities for development and operations in the ports of Sri Lanka, they would like to apply for them.
The Minister told him that since the government has planned to start the development of the North Colombo Port, a suitable investment plan and proposal could be made for it. He also requested the heads of PSA International Private Company to provide a suitable proposal for the development of Trincomalee Port.
PSA International is one of the few largest companies operating in ports in the world, and 37,000 million containers are handled per year in Singapore’s main port alone.Officials including Assistant Vice President of PSA Company Lim Wei Chang, Chairman of JCT Oil Bank Company, Lakmal Ratnayake and representatives of the Sri Lankan Embassy in Singapore also participated in this discussion.
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