ComBank partners Central Bank’s nationwide rollout of LANKAQR

Friday, 5 November 2021 00:00 - - {{hitsCtrl.values.hits}}

Commercial Bank Managing Director S. Renganathan (second from right) with Minister Namal Rajapaksa (centre), Central Bank Governor Ajith Nivard Cabraal (second from left), Director Payment and Settlements Department of the Central Bank D. Kumaratunge (extreme left) and Executive Director DSI Group Dilshan Rajapaksa (extreme right)

The Commercial Bank of Ceylon recently participated in the Central Bank of Sri Lanka’s (CBSL) ‘Rata Purama LANKAQR’ program’s nationwide rollout campaign to promote cashless digital payments via the LANKAQR platform.

Minister of Youth and Sports, Minister of Development Coordination and Monitoring and State Minister of Digital Technology and Entrepreneur Development Namal Rajapaksa graced the event as Chief Guest.

Commercial Bank’s Q+ Payment App, Sri Lanka’s first QR-based payment application to be launched under LANKAQR, reaffirmed its partnership with the LANKAQR initiative by partnering with the DSI Samson Group, the country’s leading manufacturer of footwear and bicycle tyres, as a tier-one merchant for the campaign as a user of its payment app.

Notably, the Q+ Payment App is now the fastest-growing QR app in the country. It has an easy self-registration process, and is well received by customers owing to the convenience and security it offers them in cashless payment processing when they pay for purchases by scanning QR codes via mobile phones or via the in-app bill payment facility. The app recently surpassed the 100,000 registered customer milestone, doubling its customer base in just five months.

The LANKAQR nationwide rollout campaign is being held to popularise LANKAQR payments among small and medium merchants as a low-cost digital payment method and as a secure and convenient payment solution that can be operated via mobile devices.