Lanka Bell along with EPIC Lanka Technologies is introducing the first CDMA credit card swipe terminals, also known as point of sale or POS terminals to Sri Lankan businesses.
The MoU signed by the two companies will result in the launch of point of sale terminals that can be used with CDMA connectivity, as opposed to conventional fixed lines currently required for such machines.
This will enable merchants all over Sri Lanka to transact electronically taking advantage of Lanka Bell’s CDMA coverage, the telecom company said in a press release.
“The new technology will also create the opportunity for banks in Sri Lanka to expand their electronic business capabilities all over the country while significantly improving their credit card and debit card reach by being able to provide merchants in the remotest parts of the country with the ability to perform electronic transactions.
EPIC Lanka Technologies (Private) Limited will be responsible for the sale, software application developments and maintenance of the equipment, while Lanka Bell will provide the connectivity,” the statement said.
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