iPay enables cashless payments in Galle

iPay, powered by LOLC, came forward to support the Central Bank of Sri Lanka’s (CBSL) රට පුරාම QR promotional event which was held in Court Square, Galle recently.

This was part of the Central Bank’s රටටම LANKA QR national campaign to promote LANKA QR as the nation's cashless transformation mechanism towards creating a digital-savvy society and economy with greater financial inclusion.

In a media release, Head of iPay, Charitha Jayasingha said, “We are delighted to see the increasing numbers of people adapting to cashless transactions through iPay and we are truly pleased that we have been able to contribute immensely towards this national initiative. Our numbers have grown month on month and it is a very positive sign for us as well as the entire nation as a whole. We have seen an increasing number of consumers as well as merchants downloading and using iPay for various types of transactions”.

Speaking about iPay’s continuous drive to promote digital transactions throughout the country, Montini Warnakula, Chief Operating Officer of LOLC Finance PLC said, “LOLC Finance has been in the forefront of promoting LANKA QR through our island-wide branch network and by now more than 35,000 merchants have come on board. We hope to continue our merchant acquiring efforts throughout the island, supporting the national drive aggressively through our island wide reach”.

LANKAQR is a common QR code standard introduced together with licensed financial institutions and Lankaclear (Pvt) Ltd. by the Central Bank offering merchants the opportunity and convenience to use one common QR code instead of multiple platforms.