The partnership agreement between LOLC and PickMe was officially signed at the LOLC Head Office premises. (From left): iPay Product Manager Shashika Ayesh, iPay Co-Founder Parakum Pathirana, iPay Co-Founder Thisan Samarasinghe, LOLC Finance Head – Consumer and Digital Business Hasala Thilakerathne, LOLC Finance Director/CEO Ashan Nissanka, PickMe CE Zulfer Jiffrey, PickMe CFO Shifaz Riyaz and PickMe Senior Manager – Delivery Asela Jayasinghe
The award winning payment platform, iPay has taken yet another initiative to offer the best of convenience to its customers by partnering with the country’s No. 1 transportation hailing platform, PickMe. Now with iPay, customers can pay their PickMe fare via the iPay app with absolutely no hassle.
With this latest partnership, customers can simply scan the QR code and authenticate their taxi payments. iPay – the revolutionary payment platform is powered by LOLC, one of Sri Lanka’s leading, most diversified conglomerates with a global presence.
With an architecture that allows easy integration with any system, iPay is a simple, easy to use real-time payment platform for everyone. It 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.
Users can simply download the iPay app which is available at no cost, on both android and iOS. Once the basic registration process is complete, cashless transactions can be performed through the app which is linked to the user’s bank account. The user will get an instant notification, as and when transactions take place. Any amount of bank accounts can be linked to the iPay app which is facilitated by JustPay. Users can shop through the app from over 600 registered merchants island-wide.
Renowned in the digital payments industry as an app with an extremely user-friendly interface, iPay was recently crowned as the Winner of the Most Popular Electronic Payment Product and the Runner-up of the Best Application for Retail Payments at the 2018 LankaPay Technnovation Awards. With LOLC Finance operating as its merchant acquiring partner, iPay is acclaimed internationally as a mobile app that has been developed on an advanced software architecture.
The app includes a host of features designed to securely integrate the customer and merchant ecosystem, making it a true Fintech (Financial Technology) application simply beyond payments. The app was also recognised at the Open Group Conference and Awards for Innovation and Excellence held in India, under the Digital Commerce category at a three-day conference which brought together speakers and delegates from seventeen countries.
Speaking about the strategic partnership with PickMe, Ashan Nissanka, Director/CEO of LOLC Finance said, “This facility will be immensely beneficial for both the passenger as well as the PickMe driver as they no longer have to carry physical cash. The most common day-to-day hassle of looking for change money to settle taxi fares is no longer an issue now with this solution. To further expand the convenience offered to both passengers and drivers, iPay will be launching many new features together with LOLC Finance which is its merchant acquiring partner. For instance, the credit card facility and the loyalty rewards points scheme will be introduced in the very near future.”
“As a technology driven organisation, we consistently seek to provide our passengers and driver partners the most convenient, efficient and user-friendly options. We are enabling dynamic QR code payment acceptance with iPay in an attempt to make payments post ride easier and more efficient for our customers,” commented PickMe Sri Lanka COO Isira Perera.
PickMe is the official brand of Digital Mobility Solutions Lanka Ltd., a software service provider, founded in June 2015. The PickMe software is a platform that facilitates a real time connection between the taxi passenger and the taxi driver, enabling mutual engagement for the receipt and delivery of a seamless service. LOLC currently holds a 10% stake in PickMe.