Connect with us

Business

FriMi and Mastercard continue to elevate lifestyles with digital payment solutions

Published

on

FriMi, the first fully-fledged digital bank in Sri Lanka powered by Nations Trust Bank PLC, continues its strong partnership with Mastercard Sri Lanka to make digital payments effortless by bringing the best lifestyle solutions to loyal customers.

As part of the #MasterYourWorld campaign focused on improving digital payments across Sri Lanka, Mastercard has partnered up with Glomark.lk to provide a 10% discount on purchases made above Rs. 5,000 and with Daraz.lk to provide 5% off on the first transaction as a new Daraz user. In addition to being able to access their money effortlessly, FriMians also can now use their FriMi virtual or physical Mastercard Debit Card at the above online merchants to enjoy these exclusive deals.

Commenting on the continuous partnership, Sandun Hapugoda, Country Manager for Sri Lanka and Maldives at Mastercard stated, “Sri Lanka has witnessed a rapid uptake in digital payments in recent years, and Mastercard has played a significant role in accelerating the adoption of digital payments over the years. With the #MasterYourWorld campaign, we wish to further encourage the usage of digital payments across the country and support Central Bank, Sri Lanka’s campaign for driving awareness around digital payments.

He further added, “Nations Trust Bank and FriMi have been at the forefront of enabling digital payment solutions in Sri Lanka and we’re delighted to strengthen our partnership with FriMi, to serve their unique clientele better. As the first fully-fledged digital banking experience in Sri Lanka, FriMi vibes in harmony with our ethos, and we believe that #MasterYourWorld campaign will reach even higher numbers with both Mastercard and FriMi coming together to promote it and making a significant impact towards the vision of a digital nation.”

“FriMi remains the benchmark digital payment solution, continuously upgraded with state-of-the-art technology and robust industry partnerships, bringing customers the best lifestyle offers in the industry. At Nations Trust Bank, we understand that the average new age customer spends large amounts of time online and has impressive online experiences. So, when they look at their digital banking experience, they are not just comparing one local bank with another, they are comparing us to those global giants. That is the standard they hold us to, so that is the level we improve both our technology and services to. The partnership with Mastercard enables us to extend the FriMi service, and to give our customers exclusive benefits. Mastercard has always been supportive of us to give the best lifestyle solutions to FriMi users and this campaign will further strengthen the digital solutions our customers receive,” said Randil Boteju, Senior Vice President – Sales & Digital Banking of Nations Trust Bank.

During the past festive season, #TheCardWithPerks had lined up a series of lifestyle offers and added to the excitement by selecting winners every day during the mega giveaway campaign and awarding them with a brand-new Amazon Echo Dot Smart Speaker.

FriMi provides a fully enabled virtual debit card for all FriMi users whilst they can also request for a physical vertical personalized debit card to use at physical locations. The FriMi Mastercard debit card offers users with exclusive perks all-year-round. To find out more about the variety of exclusive lifestyle choices at multiple merchants on offer for FriMi Mastercard Debit Card customers, please visit https://www.frimi.lk/offers

FriMi the fully-fledged digital banking experience powered by Nations Trust Bank consists of ground-breaking products and services that are designed and developed to delight customers thus providing novel experiences. It was ranked amongst the Top 30 Best Digital Financial Services Providers in the Asia Pacific, Middle East, and Africa as one of the Best Digital Banks & Financial Institutions by The Asian Banker. Named one of the Top 10 E-Commerce brands of Sri Lanka, FriMi was showcased in the LMD Brands Annual Report 2020 as compiled by Brand Finance Lanka. It is available on Android, iOS and Harmony OS and anyone in Sri Lanka above the age of 18 years can get on board FriMi by downloading the app. FriMi is powered by Nations Trust Bank PLC which is among the top 15 business establishments in Sri Lanka as ranked by Business Today and is strongly focused on digital empowerment through cutting-edge digital banking technologies.



Continue Reading
Advertisement
Click to comment

Leave a Reply

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

Business

Sri Lanka eyes India grid link as ADB pushes Pan-Asia energy integration

Published

on

Priyantha Wijayatunga speaks at the Samarkand Energy Forum of the ADB.

Sri Lanka’s long-discussed electricity grid connection with India is gaining renewed momentum, as the Asian Development Bank (ADB) intensifies efforts to promote cross-border energy integration across the region.

At the ADB Annual Meetings in Samarkand, Senior Director for Energy, Priyantha Wijayatunga, identified the proposed India–Sri Lanka grid interconnection as the most promising avenue to strengthen the island’s power sector. The concept dates back to the 1970s, when Sri Lanka, following the completion of the Mahaweli Development Project, even explored the possibility of exporting electricity. However, rapid economic growth and rising domestic demand shifted the country toward energy imports.

Today, with energy security and cost pressures mounting, the idea has regained urgency. “The time is right,” Wijayatunga said, stressing that political will and financing will be decisive. While undersea transmission cables make the link technically viable, costs remain a major challenge. The ADB, he confirmed, stands ready to support Sri Lanka as a development partner in advancing the project.

Sri Lanka’s prospects are closely tied to a broader regional vision being advanced by the ADB through its Pan-Asia Power Grid Initiative (PAGI). The initiative aims to transform how energy is produced, shared, and consumed across Asia and the Pacific by promoting cross-border electricity trade and grid connectivity.

PAGI is designed not merely as a collection of projects, but as a systems-level integration platform that connects national grids into subregional and eventually continent-wide networks. Its core objectives include bridging energy gaps, enhancing energy security, integrating large-scale renewable energy, and strengthening resilience across interconnected systems.

A key pillar of PAGI is leveraging the region’s resource complementarity. Countries in South Asia, for instance, possess uneven but highly complementary energy resources—hydropower in Nepal and Bhutan, and solar and wind potential in India. By linking grids, countries like Sri Lanka could tap into these diverse energy sources, reducing dependence on costly fossil fuel imports while improving reliability.

ADB estimates suggest that deeper regional power trade in South Asia could yield substantial economic benefits, including lower system costs and more efficient energy distribution. The initiative also envisions mobilizing up to $50 billion in investments by 2035, expanding transmission infrastructure, and improving electricity access for millions.

For Sri Lanka, integration into such a regional grid could be transformative. A connection with India would allow the country to import affordable electricity during shortages, stabilize supply, and support its transition toward cleaner energy. It could also open the door to future participation in a wider South Asian power market.

With feasibility studies and policy discussions already underway, and with ADB backing firmly in place, Sri Lanka’s long-envisioned grid connection with India now appears more achievable than ever.

As the Samarkand meetings underscore the urgency of regional cooperation in an increasingly uncertain energy landscape, Sri Lanka stands at the threshold of a new chapter—one where energy security is strengthened not in isolation, but through connection.

by Sanath Nanayakkare in Samarkand, Uzbekistan

Continue Reading

Business

Oceans in crisis: Sri Lanka hosts ‘Sharks International 2026’ amid stark warnings

Published

on

Sri Lanka this week finds itself at the centre of a deepening global ocean crisis, as leading scientists, policymakers and conservationists gather in Colombo for Sharks International 2026—a high-profile summit unfolding against mounting evidence that the world is rapidly losing control of its marine ecosystems.

The conference, now underway at the Bandaranaike Memorial International Conference Hall, marks the first time the prestigious forum has been hosted in Sri Lanka. But beneath the diplomatic language and scientific exchanges lies a far more urgent reality: the collapse of shark and ray populations is no longer a distant environmental concern—it is an unfolding economic and food security emergency.

More than 100 million sharks and rays are being wiped out globally each year, largely due to overfishing and illegal, unreported and unregulated (IUU) fishing. In Sri Lanka, the situation is particularly acute. Of the 105 species recorded in local waters, nearly 70 are now threatened with extinction, a statistic that scientists warn should set off alarm bells far beyond conservation circles.

Deputy Minister of Environment Anton Jayakody did not mince words when addressing the gathering, framing the issue not just as an ecological tragedy but as a looming economic shock.

“This is not just about saving species. It is about protecting the foundation of our fisheries, our food systems, and the livelihoods of thousands of Sri Lankans. If shark and ray populations collapse, the consequences will ripple through the entire marine economy,” he said.

Sharks and rays sit at the top of the ocean food chain. Their disappearance disrupts the delicate balance of marine ecosystems, triggering cascading effects that can decimate commercially valuable fish stocks. For a country like Sri Lanka—where coastal communities depend heavily on fisheries—this is not an abstract threat but a direct challenge to economic stability.

Yet despite years of warnings, critics argue that global action has been dangerously slow, fragmented, and often undermined by competing commercial interests.

By Ifham Nizam

Continue Reading

Business

SriLankan Airlines leads with two category wins in South Asia at PAX Awards

Published

on

SriLankan Airlines led with two wins in the Airline Award category for South Asia, securing both Best Overall Passenger Experience and Most Improved Airline at the PAX International Readership Awards 2026 held recently in Hamburg, Germany. The awards celebrate the industry’s best and brightest, with winners determined by votes from PAX’s global readership.

The Best Overall Passenger Experience – South Asia award recognises an airline that delivers an exceptional onboard experience to passengers across multiple service areas, including meal service, inflight entertainment and seating. At SriLankan Airlines, this entails meticulous planning at every stage of the passenger journey, supported by collaboration among multiple teams and continuous monitoring and refinement.

Maria Sathasivam, Manager Product Development of SriLankan Airlines, commented on the achievement, stating, “we are incredibly honoured to receive yet another independent endorsement of the service we deliver. Every interaction matters to us, and we are committed to consistently meeting and exceeding passenger expectations, and it is truly rewarding to see these efforts recognised.”

SriLankan Airlines continues to enhance the end-to-end travel experience, from booking through to arrival. Ongoing digital upgrades, including improvements to the airline’s website and app, are designed to deliver a more intuitive and seamless customer experience, supported by AI-driven features and expanded ancillary offerings. At its hub, the Bandaranaike International Airport in Colombo, the airline has also expanded self-check-in and bag drop facilities for added convenience.

Continue Reading

Trending