iPay powered by LOLC joins latest LANKAQR drive in Kurunegala

iPay, LOLC Team at the LANKAQR drive in Kurunegala

LOLC Finance PLC continues to sustain its committed support to expand the adoption of digital payments in the country through iPay.

iPay, powered by LOLC Finance has advanced from a mere payment gateway into a beyond lifestyle payment application offering exceptional service and convenience to their customers at a distance of a fingertip.  

Over the years of excellence, iPay has positioned its brand name as the most vivid and vibrant finance application available in Sri Lanka.

The latest LANKAQR event of the nationwide rollout campaign by the Central Bank of Sri Lanka (CBSL) took place in Vehera Grounds, in the city of Kurunegala on 19 March with a large participation of partnered banks, financial service providers, merchants, dignitaries, and other invitees.

Lanka QR launched the “Rata Purama LankaQR” campaign, with the purpose of promoting the usage of a common national Quick Response (QR) code. 

This QR code was developed by the CBSL with the idea of eliminating the need for merchants to have multiple QR codes for different platforms, facilitating fast, secure, and affordable digital payments.

In view of transforming the Sri Lankan economy into a cashless podium, iPay actively participated in a day-long activation to raise awareness and network with merchants. 

The opportunity was made used to explain to the participants the benefits of using LankaQR-integrated payments. iPay was also able to attain a number of merchants onboarding, during the event. 

CBSL Deputy Governor Dhammika Nanayakkara graced the occasion as the Chief Guest.  Assistant Governor D. Kumarathunga attended as the guest of honour. 

LOLC Finance PLC Head of iPay Charitha Jayasinghe and the Regional Manager Chaminda Ranaweera was also present at the event. LOLC Finance teams from the Kurunegala branch also joined to support the activation.  

Jayasinghe said: “Being the leading Fintech platform of the country, we are privileged and humbled to take part in this national initiative by CBSL. Considering the increasing numbers of people adopting cashless transactions through iPay, we are truly pleased that we have been able to contribute immensely towards this national drive, over time. 

“We also believe that these continuous initiatives will further enhance the knowledge and interest of the regional communities to understand and use these digital platforms better. As the leading Non-Banking Financial Institute (NBFI) in Sri Lanka, we remain committed to supporting this nationwide interest.”