Tuesday Jan 07, 2025
Tuesday Jan 07, 2025
Monday, 6 January 2025 03:52 - - {{hitsCtrl.values.hits}}
In a bold move to revolutionise the payment experience in the country, Cargills Bank in partnership with Mastercard, announced the launch of ‘Tapit’ – the first-ever contactless sticker payment card in Sri Lanka, making payments faster, simpler, and more convenient for customers. Tapit will be available in both debit and credit card forms, allowing users to seamlessly conduct transactions by simply tapping their sticker card at the merchant point-of-sales (POS) terminal.
Powered by Mastercard PayPass, Tapit leverages the latest advancements in Near Field Communication (NFC) technology, providing customers with a highly secure and efficient way to make payments. Embedded with EMV chip technology and encrypted for enhanced protection, the contactless sticker card ensures every transaction is as secure – if not more – than traditional card payments.
Tapit is designed for unparalleled convenience. Customers can affix the sticker to their phone or any commonly carried item, eliminating the need to carry a physical payment card – or a wallet. With just a quick tap at the merchants POS terminal, payments are completed in seconds. Additionally, customers will receive instant SMS notifications for each transaction, adding another layer of security and control.
Commenting on the launch, Cargills Bank PLC Managing Director Senarath Bandara stated, “Introducing Tapit is a significant step in our journey to engage customers with innovative technology. This product aligns perfectly with our vision of providing forward-thinking solutions that make banking simpler and more accessible. With Tapit, we are offering our customers a payment method that fits seamlessly into their daily lives.
Customers can use Tapit as a primary card or as a supplementary card, setting a lower balance for everyday spending or specific uses such as travel. Parents may also issue Tapit to their children, enabling them to manage day-to-day expenses in a controlled manner while still benefiting from the security and oversight features, such as the transaction notifications. This versatility makes Tapit an ideal solution for both convenience and financial management.”
The launch of Tapit represents Cargills Bank’s commitment to driving digital transformation in the banking industry, enhancing customer experiences, and staying ahead in the fintech landscape.
Tapit – Just tap it and experience the next era of payments today.
For more information, visit www.cargillsbank.com or call our Customer Service Centre on +94 117 640 640.
