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Discover all the payments and fintech-related news and analysis about Sri Lanka in The Paypers News, Reports, along with other Sri Lanka-specific insights on the payments and fintech industry:

Discover all the payments and fintech-related news and analysis about Sri Lanka in The Paypers News, Reports, along with other

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Seylan Bank launches QR code payment solution

News | Mobile Payments | 22 Mar 2021

Sri Lanka-based Seylan Bank has announced the launch of SeylanPay, a QR code-based payment solution, as the latest addition to its range of digital products.

Seylan Bank, QR code, mobile payments

HNB bank links its SOLO digital payments app with Lanka QR

News | Mobile Payments | 30 Nov 2020

Sri Lanka-based HNB bank has announced that its SOLO digital payments app is now linked with the newly launched Lanka QR standard.

HNB, Sri Lanka, Asia, Solo, Lanka QR, mobile payments, digital wallets, merchants, QR payments

Mobitel, Fortumo to release direct carrier billing in Sri Lanka

News | E-invoicing, SCF & E-procurement | 24 Sep 2020

Sri Lanka-based mobile service provider Mobitel and mobile tech company Fortumo have partnered to launch direct carrier billing in Sri Lanka. 

Mobitel, Fortumo, direct carrier billing, Sri Lanka, mobile service provider, mobile tech, premium digital content, game payments, in-app content, digital services, postpaid phone bill, prepaid number, Hosted DCB, checkout, localisation, merchants, payments , credit cards, smartphone, online payments

Sri Lanka mobile network Dialog adopts QR code payments

News | Mobile Payments | 14 Sep 2020

Sri-Lanka-based mobile operator Dialog Axiata has adopted Sri Lanka’s national quick response code (QR) which will enable payments at over 50,000 merchants around the country.

LANKAQR, Dialog Axiata, QR payments, mobile payments, contactless payments, Dialog, eZ Cash, Sri Lanka, Asia, APAC

National Savings Bank Sri Lanka to leverage Payments Risk Management

News | Digital Identity, Security & Online Fraud | 20 Aug 2020

ACI Worldwide, a global provider of digital payment software and solutions, has announced that Sri Lanka’s National Savings Bank (NSB) will leverage its Payments Risk Management.

National Savings Bank Sri Lanka, fraud, ACI Worldwide, digital payments, digital, payments , software, Sri Lanka, NSB, Payments Risk Management, banks, ATMs, cards, fraud, transactions , internet banking, banking, mobile wallet

Central Bank of Sri Lanka aims for blockchain KYC platform

News | Digital Identity, Security & Online Fraud | 03 Jul 2020

The Monetary Board of the Central Bank of Sri Lanka has announced plans to develop a blockchain platform expected to speed the processing of bank users’ ID information.

Monetary Board, Central Bank of Sri Lanka, KYC, blockchain, AML, customer onboarding

Genie, BOC partner to increase digital payments via mobile wallet solution

News | Mobile Payments | 01 Jun 2020

Sri Lanka-based fintech Genie has partnered with Bank of Ceylon (BOC) to act as the financial acquirer and digitise payments through its mobile wallet solution. 

Genie, mobile wallet, mobile payments, Bank of Ceylon, BoC, multiple bill payments, merchant, online purchases, one-click pay, Token, digital vouchers, bill presentment, remote payments, POS terminals, internet payment gateway, IPG, digital payment

HatchX launched virtually

News | E-invoicing, SCF & E-procurement | 11 May 2020

Sri Lanka-based HatchX, a fintech accelerator program, has launched virtually.

HatchX, Sri Lanks, fintech, partnership, Ford Foundation, Central Bank of Sri Lanka, CBSL, Fintech Association of Sri Lanka, startups, South Asia, banks, network, Digital Insurance Lanka Brokers, Direct Pay, Flipbox.com, Helios P2P, iLoan, MintPay, OGO Pay

ZILLIONe, SmartStream provide reconciliations solution to People's Bank of Colombo

News | E-invoicing, SCF & E-procurement | 05 Mar 2020

ZILLIONe, a global networked enterprise solutions provider, has completed the implementation of reconciliation software by SmartStream for People’s Bank in Sri Lanka.

ZILLIONe, SmartStream, partnership, payments , reconciliations solution, People’s Bank of Colombo, financial software, B2B payments, Sri Lanka

Deutsche Bank launches digital FX platform for corporate clients in Sri Lanka

News | Ecommerce | 20 Feb 2020

Deutsche Bank has announced it is investing in Sri Lanka and launching a major push into the corporate client market, with the rollout of a new digitally-enhanced Forex platform.

Deutsche Bank, digital, FX , corporate, Sri Lanka, payments , ecommerce

Bank of Ceylon, Mobitel introduce QR payment solution in Sri Lanka

News | Mobile Payments | 18 Feb 2020

The Bank of Ceylon (BOC), a state-owned commercial bank in Sri Lanka, has partnered with Mobitel to introduce a QR-code based payment solution.

Mobitel, QR payment, Sri Lanka, Bank of Ceylon, merchants

World Bank offers USD 25 mln loan to strengthen public financial management in Sri Lanka

News | Payments General | 18 Dec 2019

The World Bank has approved a USD 25 million loan to Sri Lanka to improve the transparency of core government and public financial management functions.

World Bank, Sri Lanka, public financial management, governement lending, public sector, Ministry of Finance, Asia, APAC, Bank for Reconstruction and Development, The Public Sector Efficiency Strengthening Project

HSBC introduces digital supply chain solution for clothiers in Sri Lanka

News | E-invoicing, SCF & E-procurement | 12 Nov 2019

HSBC announced that it is going to launch an online supply chain solution that aims at the clothiers in Sri Lanka.

HSBC, supply chain finance, supply chain, B2B payments, Sri Lanka, Asia Pacific, supplier payments, supplier network, APAC

Cinnamon Hotels and HNB partner to provide LANKAQR payments

News | Mobile Payments | 03 Jan 2022

Sri Lanka-based private sector bank HNB PLC and local hotel chain Cinnamon Hotels have partnered to launch the LANKAQR facility for the hospitality chain’s restaurants. 

QR code, QR payments, mobile payments, contactless payments, partnership, digital payments, digitalisation

ComBank Digital offers real-time online payments to SLSI

News | Online Payments | 10 May 2022

ComBank Digital has enabled online payments to the Sri Lanka Standards Institution (SLSI), so customers can pay fees from anywhere at any time.

banks, digital payments, online payments, mobile payments, partnership

NDB Bank implements video KYC solution

News | Digital Identity, Security & Online Fraud | 07 Jun 2021

National Development Bank (NDB Bank) has appointed software solutions partner, Axion Solutions, to implement Video Know-Your-Customer (vKYC) built by OneConnect.

banks, artificial intelligence, KYC, facial recognition, partnership, product launch

Sri Lanka economic crisis: central bank warns against crypto use

News | Cryptocurrencies | 13 Jul 2022

Sri Lanka has warned against the use of cryptocurrency, which it said is ‘largely unregulated’ amid an ongoing political chaos in country, according to TechCrunch.

 

cryptocurrency, regulation, central bank

Pomelo Pay and Dialog Axiata digitalise payments for SMEs in Sri Lanka

News | Online Payments | 09 Jun 2022

UK-based digital payments company Pomelo Pay has partnered connectivity provider Dialog Axiata to provide a digital payment platform for SMEs in Sri Lanka.

Pomelo Pay, digitalisation, digital payments, online payments, mobile payments, partnership

ComBank, DirectPay to support digital payment solutions for businesses

News | E-invoicing, SCF & E-procurement | 24 Aug 2021

The Commercial Bank of Ceylon has partnered with Sri Lanka-based fintech startup DirectPay, according to bizenglish.adaderana.lk.

partnership, banks, fintech, startup, supply chain finance

Capital Alliance introduces video KYC technology

News | Digital Identity, Security & Online Fraud | 30 Aug 2021

Capital Alliance has introduced Video KYC (Know Your Customer) via their CAL Customer Portal to facilitate paperless, digital signature backed onboarding for investment products.

product upgrade, KYC, digital onboarding, online authentication