Sampath Bank PLC joined hands with the Central Bank of Sri Lanka (CBSL) yet to raise awareness and increase acceptance and usage of LANKAQR, the common Quick Response (QR) code standard for the country that was introduced in 2020.
Encouraging consumers to adopt LANKAQR for their day to day transactions, Sampath Bank held a 2-day promotional drive at one of Colombo’s latest outdoor dining destinations, Dining Capsule at Baladaksha Mawatha, near Galle Face Green on January 23 and 24.
Dharmasri Kumaratunga, Director - Payments and Settlements, Central Bank of Sri Lanka; Nanda Fernando, Managing Director, Sampath Bank and Tharaka Ranwala, Head of Operations and Group Chief Marketing Officer, Sampath Bank PLC, participated at the launch of this initiative together with other senior representatives.
The Bank offered 25% cash back on payments made with the LANKAQR-enabled Sampath WePay digital payments mobile application.
“Offering greater convenience and security, technology continues to transform the way we conduct our day to day transactions. This is becoming increasingly true in Sri Lanka too, where consumers and businesses are actively adopting digital payments,” said Nanda Fernando, Managing Director, Sampath Bank PLC. “At Sampath Bank we have always focused on leveraging emerging technologies and delivering market relevant solutions that add value to our customers around the island. In line with this, we are delighted to partner with the Central Bank of Sri Lanka on driving the acceptance and usage of LANKAQR.”
“A growing number of merchants and consumers are getting on board the LANKAQR ecosystem and beginning to appreciate the value offered by QR based payments.”
“We are witnessing this phenomenon with Sampath WePay, the secure, one stop digital wallet from Sampath Bank that allows users to store all types of financial instruments from any bank and carry out a wide range of real-time online transactions.,” said Tharaka Ranwala, Head of Operations and Group Chief Marketing Officer, Sampath Bank PLC.
Sampath Bank also took part in the CBSL’s LANKAQR Colombo drive held at Diyatha Uyana on January 23, as part of the CBSL Ratapurama LANKAQR initiative. The event was held under the auspices of Chief Guest, Ajith Nivard Cabraal, State Minister of Money and Capital Market and State Enterprise Reforms; Guest of Honour, Yvett Fernando, Deputy Governor, Central Bank of Sri Lanka and Chairperson National Payment Council; Dharmasri Kumaratunga, Director - Payments and Settlements, Central Bank of Sri Lanka and other senior representatives from across the industry.
Several licensed commercial banks, licensed specialized banks, licensed finance companies, telecom operators and FinTechs came together to encourage merchants to adopt the national QR Code standard, in line with the CBSL’s vision of paving the way towards a less cash society.
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