Bank of Ceylon team becomes ‘Trade Round Champions’ at Inter-bank Trade Quiz

Bank of Ceylon’s team for the Inter-bank Trade Quiz organised by the Trade Finance Association of Bankers (TFAB) became the champions for the ‘trade round’ winning the one time award for the anniversary and first runner-up to the trophy. 

The 20th annual inter-bank trade finance quiz was held at the Kingsbury Hotel recently with the participation of Central Bank of Sri Lanka Governor Dr. Indrajit Coomaraswamy as the Chief Guest. 

Every year the trade-finance quiz attracts many talented teams representing member banks in the Trade Finance Association who are keen to win this prestigious trophy. This year too, the competition was intense with 26 teams competing for the trophy. 

The Bank of Ceylon “C” team had Dhanushka Sumathirathne as the team leader, while Kaushalya Wanniarachchi, Sachith Gurugamage, Supun Liyanage and Chathura Athukorala were the other members.

BOC Trade Services was the first to be awarded with the ISO 9001-2008 in the banking sector –certification for from Sri Lanka Standards Institution. BOC is currently the market leader in the Trade Services industry with the largest operation counter in Sri Lanka. 

Google to launch mobile payment service in India

Reuters: Google plans to introduce a localised digital payment service in India as early as next week, technology website TechCrunch reported, citing a report from news site The Ken.

The payment service, called Google ‘Tez’, will offer payment options beyond the existing ones like Google Wallet or Android Pay, the report said.

Tez, meaning fast in Hindi, will include support for the government-backed Unified Payments Interface (UPI) and other consumer payment services including Paytm and MobiKwik, according to the report.

Google launched its payment app Android Pay in the United States two years ago.

A spokesman for Google in India did not immediately respond to a request for comment.

Google, Facebook Inc and WhatsApp Inc were in talks with the National Payments Corporation of India (NPCI) to provide UPI-enabled payment on their platforms, the Mint daily had reported in July.