Lankapage Logo CP 18 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Bank of Ceylon, MasterCard team up to enable faster payment innovation
Wed, Feb 15, 2017, 10:34 am SL Time, ColomboPage News Desk, Sri Lanka.

Feb 15, Colombo: Bank of Ceylon (BoC) announced that it will be strengthening its longstanding partnership with MasterCard, enabling it to tap into MasterCard's global technology and expertise to bring payment innovation to Sri Lanka faster.

The Bank aims to roll out safer, smarter, and more innovative payment options by connecting to MasterCard Integrated - a back-end technology platform from MasterCard that enables payments made by any branded product.

In line with the Government of Sri Lanka's digitization roadmap, this move comes at an apt time when the government is encouraging businesses and consumers to adopt cashless payments for more of their day-to-day transactions.

Speaking on the partnership, Deputy General Manager, Product and Banking Development, Bank of Ceylon said, "At Bank of Ceylon, we have always sought to transform Sri Lanka's financial services landscape to meet the evolving demands of the global marketplace. We continue to work with partners like MasterCard to demonstrate the convenience and security offered by electronic payment solutions to more Sri Lankan businesses and consumers as part of this endeavor." He further added, "Giving a significant boost to our payment processing operations, MasterCard Integrated will allow us to accelerate the pace at which we bring secure digital payment solutions to the market."

Mr. Vikas Varma, Executive Director, South Asia, MasterCard said, "We are delighted to support Bank of Ceylon with their payment processing needs. MasterCard Integrated is a configurable payments processing platform that enables issuers and acquirers to leverage MasterCard's global technology to meet consumers' ever-changing payments needs and deliver innovative solutions locally. Bank of Ceylon has deep knowledge of the Sri Lankan market and have a penchant for innovation and customer service. We look forward to creating a robust, safe and secure digital payments ecosystem by bringing digital payments products to market quickly and efficiently."

The comprehensive suite of services available through MasterCard Integrated includes merchant, card and account management tools, customer service support, data and reporting solutions, and fraud and risk services.

 


ColomboPage - Recent 10 Stories ::
Ceylon Oxygen Limited receives latest ISO 9001:2015 certification
-- [57 minutes ago]
Pakistan sends 10,000 MT of rice for drought affected people of Sri Lanka
-- [1 hour and 19 minutes ago]
India could collaborate in the development of three other ports in Sri Lanka - Ports Minister
-- [1 hour and 40 minutes ago]
Sri Lanka inks USD 17 million loan agreement with Kuwait for Kalu Ganga project
-- [2 hours ago]
Army personnel charged of assault on Journalist Keith Noyahr granted bail
-- [2 hours ago]
Sri Lanka grants dual citizenship to another 1750 expatriates
-- [3 hours ago]
No accession of Muslim abodes near Wilpattu Forest Reserves, government assures
-- [3 hours ago]
Ceylon Chamber seminar to discuss Implementation of WTO Trade Facilitation Agreement in Sri Lanka
-- [9 hours ago]
MP Wimal Weerawansa gives up hunger strike
-- [9 hours ago]
Sri Lanka's computer literacy rate highest in urban sector, lowest in Estates- report

Copyright © 2000, 2016 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.