iPay supports Central Bank drive to promote cashless payments in Matara

Continuing its support to the Central Bank of Sri Lanka’s (CBSL) initiative to promote cashless digital payments through the රට පුරාම LANKAQR promotional campaign, iPay, powered by LOLC, once again came forward to support the recent promotional event held at the Sanath Jayasuriya stadium in Matara.

Minister of Power, Dullas Alahapperuma graced the occasion as the Chief Guest while D. Kumarathunga, Director Payments and Settlements of CB aas also amongst the distinguished guests. Montini Warnakula, Chief Operating Officer of LOLC Finance PLC, Mr. Nalaka Mohotti, Regional Manager of Southern & Sabaragamuva of LOLC Finance and Mr. Charitha Jayasingha, Head of iPay were also present, LOLC said in a media release.

Speaking about the event in Matara, Mr. Warnakula, Chief Operating Officer of LOLC Finance said, “For the first time in the රට පුරාම LANKAQR island wide promotional events, LOLC Finance carried out a special three wheeler merchant on-boarding execution at the event venue. This was implemented with a special on–venue mobile operational office set up to carry out the execution. We were able to sign up over 150 three-wheel owners and they were awarded the iPay merchant status along with a special fuel allowance. We hope to continue this promotional drive, so that more and more customers and merchants across the island get to experience the convenience of iPay”.   

LANKAQR is a common QR code standard introduced together with the licensed financial institutions and Lankaclear (Pvt) Ltd by the CB offering merchants the opportunity and convenience to use one common QR code instead of multiple platforms. Users can make payments via LANKA QR by simply scanning the code using any digital payment app connected to LANKAQR.  Approximately, 190,000 merchants have already adopted LANKAQR since the launch of the island-wide campaign last year.

Above - Mr. Montini Warnakula, Chief Operating Officer of LOLC Finance presenting a fuel allowance voucher to a iPay on boarded Three-wheel owner