iPay powered by LOLC takes LANKAQR drive to Gampaha with CBSL

The iPay team at the Gampaha LANKAQR promotional drive

 The iPay team with the Chief Guest Namal Rajapaksa and other distinguished guests at the Gampaha LANKAQR promotional drive

iPay powered by LOLC recently expanded the LANKAQR drive to Gampaha in partnership with the Central Bank of Sri Lanka. 

The event was held on the 22 January at the Urban Council Ground, Gampaha.

Youth and Sports Minister and Digital Technology and Enterprise Development State Minister Namal Rajapaksa graced the occasion as the Chief Guest. Tourism Minister Prasanna Ranatunga and CBSL Assistant Governor D. Kumaratunge were also amongst the distinguished guests.

LOLC Finance Chief Operating Officer Montini Warnakula, Regional Manager Dinesh Jayakody and Head of iPay Charitha Jayasinghe were also present at the event, while LOLC Finance teams from Nittambuwa, Kirindiwela, Gampaha, Divulapitiya and Ganemulla branches also joined in supporting the event execution. 

Warnakula said: “We believe that this initiative will further enhance the CBSL’s drive to promote digital payments across the nation. As the leading Non-Banking Financial Institution in Sri Lanka (NBFI), we remain committed to supporting this nationwide initiative.”

Over the years of excellence, iPay has positioned their brand name as the most vivid and the vibrant finance application available in Sri Lanka. iPay has advanced from a mere payment gateway into a beyond lifestyle payment application offering an exceptional service and convenience to their customers at the tip of a finger.  

iPay was launched with the objective of providing innovative financial services while encouraging users to involve themselves in a digital lifestyle. This initiative also stimulated the idea of cashless transactions amongst users. LOLC Finance currently operates as iPay’s merchant acquiring partner. The app includes a host of features designed to securely integrate the customer and merchant ecosystem, making it a true fintech platform. 

At present iPay’s significant presence is strongly visible in Sri Lanka and Cambodia, while further global expansions in the pipeline, as iPay centralises technology and convenience for the growth of the product solutions.

Continuing its boundless support to the CBSL initiative to promote cashless digital payments through the LANKAQR promotional campaign, iPay stepped up once more to support the recent promotional event. During the event, LOLC Finance carried out a special user and merchant acquiring campaign to promote the experience and the convenience of iPay throughout their day-to-day transactions.

LANKAQR is a nationwide initiative of the CBSL, to ensure all QR codes and QR based transactions in Sri Lanka are standardised and interoperable. LankaClear has been entrusted by CBSL to implement and operate LANKAQR. LANKAQR allows the customer to download a mobile payment application to their mobile phone and make payments directly using the customer’s bank account. The payment is immediately credited to the businessman’s bank account.