Connect with us

Business

Sampath Bank introduces SL’s first touchless cash withdrawals across its ATM network

Published

on

* Another Pathbreaking Innovation from the Bank That Gave Sri Lanka Its First ATMs ~

* Customers of All Banks in Sri Lanka Can Withdraw Cash Safely During the Pandemic

Sampath Bank PLC last week announced the introduction of Touchless Cash Withdrawals at Automated Teller Machines (ATMs) for the first time in Sri Lanka, and possibly the first time in the region.State Minister of Money & Capital Markets and State Enterprise Reforms Ajith Nivard Cabraal, M.P., was the chief guest at the commissioning of this at the bank’s head office premises. He performed the first touchless withdrawal in the presence of senior bank officials.Sampath said in a news release that its own customers and customers of all other banks in the country will now be able to withdraw the funds in their accounts and cards at any Sampath Bank ATM around the island by simply scanning the QR code displayed on the ATM screen using the Sampath WePay app.”Doing away with the need to physically touch the surface of the ATM, this is set to minimize risk and enhance customer safety, thereby serving as an ideal means of withdrawing cash from ATMs during the current global COVID-19 pandemic,” the release said.”This is yet another trailblazing digital solution brought to the Sri Lankan market by Sampath Bank. Right from its inception, the Bank has continued to deliver several innovations to the market including the introduction of the country’s first multi-point network of ATMs back in 1988.”

Cabraal commended this initiative saying this was a timely innovation for safe withdrawal of cash by customers of all banks in the context of pandemic challenges.To make a touchless cash withdrawal at any Sampath ATM, all that needs to be done is to select the QR option on their Sampath WePay app, scan the unique QR code that comes up on the ATM’s screen, enter the amount and select the account or card they would like to make the withdrawal from, the release explained.

“The system processes the request upon the customer’s authorization, debits the relevant account or card and issues the cash requested through the ATM, almost instantaneously. The need to scan the QR code which is unique to each transaction makes it necessary for the customer to be physically present at the ATM, thus offering an added layer of security,” it said.

Users can learn more about going touchless by calling 011-2303050.The Sampath WePay app can be downloaded for free from the Apple App Store, Google Play Store and Huawei AppGallery. Users can then onboard themselves by entering their National Identity Card (NIC) details and begin transacting through the app by updating their Sampath Bank or any other bank’s account, credit card or debit card details, the release said.

“Customers of other banks need to complete the mandatory Know Your Customer (KYC) formalities and top up their Sampath WePay wallets to be able to use the Touch Cash Withdrawals facility at Sampath Bank ATMs. Sampath Bank does not charge any annual fees, commissions, or transaction fees for Sampath WePay.”Caption: State Minister Ajith Nivard Cabraal, M.P., performing the first Touchless Cash Withdrawal transaction at the Sampath Bank Head Office premises.



Continue Reading
Click to comment

Leave a Reply

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

Business

Integrated solid waste management initiative coupled with tree plantation launched at Hambantota Port

Published

on

The ceremony to mark the programme was held at the port premises under strict health and safety protocols, with a limited number of staff attending.

 Hambantota International Port launched its first integrated solid waste management initiative on Monday 11th on the Company Day of China Merchants Group (CMG), the parent company of CM Port. The initiative is a strategic approach to sustainably manage biodegradable solid waste. The process covers the source, generation, segregation, transfer, sorting, treatment, recovery and disposal of waste in an integrated manner.

 “The idea is to collect all biodegradable material including garbage from vessels calling at the port that can be converted into compost, and process it.  The processed product will be used as manure for trees that will be planted within the Port and Industrial zone,” says Jeevan M. Premasara, Senior General Manager HR & Admin at HIP.

Members of staff at Hambantota Port planting trees.

The launch of the sustainability drive under the theme ‘Healing the Environment’ coinciding with CMG’s company day, was done under the leadership of CEO Johnson Liu. The program also includes the planting of 500 trees of different varieties, recommended by the Hambantota dry zone Botanical gardens. Twenty-five trees were planted as part of phase 1 of the project, and the port plans to grow and nurture endemic trees that will enrich the biodiversity of the industrial zone and port premises.

“As we launch the first phase of this tree planting and waste management/recycling projects, we will take into consideration planting different types of endemic plants that will thrive in the sandy soil of the Hambantota area in the next phases of the project.  Apart from that, we understand the importance of proper waste management systems and hope to partner with the district’s main waste recycling projects in the future.  As we expand into various industries in the zone, we hope to make our surroundings greener and environmentally friendly, bringing us closer to our goal of becoming an entirely green port,” added the Senior General Manager HR & Admin.

 HIP’s global partner CMPort’s parent company, CMG’s company day commemorated 149 years of sustainable operations this year.  CMG, which is involved in numerous projects to protect and sustain the environment, spreads its sustainability mission across all its members, partners and associate organisations. The ‘Healing the Environment’ project undertaken by HIP is an extension of their international partner’s sustainability drive.

 The ceremony to mark the programme was held at the port premises under strict health and safety protocols, with a limited number of staff attending.

Members of staff at Hambantota Port planting trees.

Continue Reading

Business

Douglas & Sons Great Place to Work® Certified

Published

on

Douglas & Sons (Pvt) Ltd (DSL) announced that it is certified as a Great Place to Work® by the independent analysts at Great Place to Work® in Sri Lanka. DSL earned this distinction based on extensive ratings received by its employees in an anonymous survey that was conducted by Great Place to Work®.

Commenting on the certification Saroj Perera, Chairman/Managing Director of Douglas & Sons (Pvt) Ltd said, “We are extremely proud to receive this certification, as it comes amidst a challenging time for businesses in general, when there is a considerable amount of pressure put on both employees and employers to perform at very high levels. We believe that our employees are our strongest asset, and this certification further reconfirms that we are certainly an employer of choice, enabling our employees to reach their full potential, whilst contribution to the growth of the company.”

“We applaud DSL for seeking employees’ feedback and the opportunity to certify itself,” said Kshanika Ratnayake, CEO of Great Place to Work® in Sri Lanka. “These ratings measure its capacity to earn its own employees’ trust and create a great workplace – critical metrics that anyone considering working for or doing business with DSL should take into account as an indicator of high performance.”

“According to the Great Place to Work® study, 92% percent of (total number of employees 372) employees say we are a great workplace,” said, Rohan Ariyawansa, Senior General Manager – Human Resources. “345 of our employees completed surveys, resulting in a 95 percent confidence level and a margin of error of ± 5.”

Douglas & Sons (Pvt) Ltd was established in 1986 with a vision to deliver excellence across the board and has today grown into a strong, diversified conglomerate with a passion for innovation that cares for the environment in the markets in which it operates. Its diversity and close ties with stakeholders in all key aspects of the economy forms the bedrock of its success in the country. Its access to key global players enables it to display and market Internationally reputed auto parts, tires, batteries and agricultural implements funnelled through its island-wide network of dealers.

Great Place to Work® is the global authority on high-trust, high-performance workplace cultures. Through proprietary assessment tools, advisory services, and certification programs, including Best Workplaces lists and workplace reviews, Great Place to Work® provides the benchmarks, framework, and expertise needed to create, sustain, and recognize outstanding workplace cultures.

Continue Reading

Business

“DFCC Bank’s new ‘Auto Loan’ scheme provides affordable avenues for purchasing your dream vehicle”

Published

on

In its latest step to drive economic and social value creation, DFCC Bank, the pioneer in commercial banking, announced the launch of the ‘DFCC Auto Loan’ facility, an innovative vehicle loan scheme that enables greater affordability for consumers interested in purchasing automobiles.

The new DFCC Auto loan initiative introduces loan facilities of up to LKR 10 Mn, with an extended payment period. The facility provides the borrower with leverage to afford a vehicle of their choice, through a structured repayment plan, inclusive of a residual value. It also includes an embedded rollover option that enables the client to continue the loan for an extra few years without settling the residual at the end of the loan period subject to a maximum overall tenure of 8 years. The borrower thereby receives the option of settling the residual by disposing the current vehicle and obtaining a fresh loan for a new vehicle, instead. The prime goal of the loan scheme is to enable customers to buy their dream vehicle, through an affordable monthly instalment plan with reduced risk and an increased loan period.

The loan facility will be applicable only for all cars, vans, SUVs and double cabs that customers choose to purchase.

DFCC Bank firmly believes that it is of paramount importance to enhance the affordability of vehicles as a path towards uplifting the standard of living, while securing economic growth and the financial stability of its customers. The lack of access to affordable customer-centric loan facilities, and severely restricted cash flows due to stagnant economic conditions in light of the pandemic, have proved to be a significant hurdle in the path of economic development. Having noted the existing economic issues faced by customers, DFCC Bank’s ‘Auto Loan’ scheme, which extends to a significant portion of society, stands to have notable positive outcomes for all stakeholders involved.

Continue Reading

Trending