Sri Lankan mobile data charges are the seventh lowest in the world Group Chief Operating Officer of Dialog Axiata PLC, Dr. Rainer Deutschmann said in Colombo on Wednesday.
He said that due to the new tax initiatives that were offered to the Telco sector, Sri Lanka will be placed even lower : at the fifth position. He also said that this has also led to thin volumes of profit for them but they were content with the market space they were competing. Dialog Enterprise, the business solutions arm of Dialog Axiata PLC, also showcased its readiness to digitalize the financial sector of the country with cutting-edge solutions, further enhancing service offering to take its clientele on a steady growth trajectory.
The company announced this preparedness to the finance industry at the annual fellowship organized for the Banking, Finance & Insurance sector under the theme ‘Bridging the Digital Divide’. The event was held with the participation of CIOs, CTOs and IT Leads representing country’s financial sector.
The event featured the keynote delivered by Sachin Seth, Partner Digital, Fintech, Cloud & Tech. Transformation Leader, EY Advisory (Africa, India & the Middle East).
Highlighting the salient role telcos play in the digitalization drive of the financial sector, Sachin stated, ‘‘embracing a strategic, forward-looking business model is critical to survival and growth. Considering the maturity of mobile telecom companies in Sri Lanka, and their wider reach and penetration in comparison to the banking industry, there remains potential for Last Mile payment services gaining even greater traction in the country”.
In addition, he also discussed how telecos actively engage in serving financial service companies by bringing together services and providing innovative customer experiences.’’
A panel discussion with Group Chief Operating Officer of Dialog Axiata PLC, Dr. Rainer Deutschmann, The Chief Information Officer of Hatton National Bank PLC Ruwan Bakmeedeniya, General Manager of LFSBL Mihindu Rajaratne and The Chief Information Officer of Seylan Bank Harsha Wanigatunga was also held. (SS)
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