iPay at forefront of supporting Central Bank’s LANKAQR islandwide campaign

State Minister of Money, Capital Markets and State Enterprise Reforms Ajith Nivard Cabraal and Central Bank Deputy Governor T.M.J.Y.P. Fernando purchasing goods from the appointed iPay Merchant. LOLC Finance Director/CEO Conrad Dias and iPay Head Charitha Jayasingha are also present

iPay, the easy to use real-time payment platform, extended its support yet again to the Central Bank of Sri Lanka (CBSL) in its initiative to promote cashless digital payments across the country through the national Quick Response (QR) Code platform – LANKAQR. 

The main event was held recently at the Broadwalk, Diyatha Uyana. The event at Diyatha Uyana was attended by the State Minister of Money, Capital Markets and State Enterprise Reforms Ajith Nivard Cabraal, Central Bank Director Payments and Settlements D. Kumaratunge, Central Bank Deputy Governor T. M. J. Y. P. Fernando and other senior officials of CBSL. LOLC Finance PLC Director/CEO Conrad Dias and iPay Head Charitha Jayasingha participated at the event, representing LOLC Finance. 

During the event day, iPay acquired over 1,200 merchants carrying out promotional activities in multiple locations across Colombo, coinciding with the main event. The multiple events were held at the LOLC Finance Head Office, City Office, Kollupitiya, Rajagiriya, Dehiwala, Homagama, Kohuwala, Maharagama, Mount Lavinia and Wellawatte branches. 

Extending its fullest support to the CBSL initiative, iPay accepts payments made via the National Quick Response (QR) Code which was introduced by the regulator in order to champion a digitalised national payments system and to streamline financial inclusivity, encouraging a less cash society. The nationwide campaign to promote digital transactions through a QR code system was ceremonially launched in the town of Matale in 2020. 

iPay has been built on an architecture that allows easy integration with any system and has been designed with a host of features, giving the user a unique, one of a kind transaction experience. The vibrant and well-organised graphical user interface of iPay promises a unique experience whilst carrying out payments. LOLC Finance currently operates as iPay’s merchant acquiring partner. 

“iPay is an easy to use payment platform that can be used by anyone with any bank account,” said Jayasingha. “iPay users can conveniently plan and pay their everyday bills like reloads, utility bill payments, bank transfers and much more. Other unique features include, doctor channelling, iPay marketplace, e-commerce purchases and bill presentment. iPay users can register for the bill presentment service and receive a bill notification on the due amount and pay simply by one touch.”

Commenting about iPay’s efforts and the CBSL’s initiative of driving cashless payments in Sri Lanka, Dias said, “Contactless payments play a huge role in the new normal that people are adapting to. It is also an essential solution for all types of businesses as it ensures optimum speed and safety. iPay continues to play a leading role in this rapid adoption of cashless payments as we have introduced some groundbreaking features that facilitates both merchants and customers.”