Business
People’s Bank creates an easy and convenient Mobile Point of Sale solution for SMEs and micro-level businesses
At a time when innovation and convenience converge, People’s Bank is at the forefront of pioneering a game-changing Mobile Point of Sale (mPOS) solution designed exclusively for Small and Medium Enterprises (SMEs) and Micro-Level Businesses. We had the privilege of sitting down with People’s Bank Deputy General Manager (Payment, Process Management, and Quality Assurance) Nilmini Premalal to explore the intricate details of this groundbreaking service.
What is People’s Bank’s new People’s Mobile Point of Sale (mPOS) solution and how does it benefit SMEs?
People’s Bank introduced the People’s Mobile Point of Sale (mPOS) solution, which is designed to empower small and micro-level businesses by enabling them to accept card payments on the go. This innovative technology allows merchants to process transactions using a compact and portable mPOS device, offering convenience and flexibility to their customers.
What types of payment cards can be accepted by the People’s mPOS solution, and how does it enhance payment options for customers?
People’s mPOS is designed to cater specifically to the needs of SMEs and micro-level businesses, enabling them to accept Visa and MasterCard payments. This wide range of payment options ensures that customers have flexibility when making payments.
What are the key features of the People’s mPOS?
One of the significant advantages of using People’s mPOS is its low discount/commission rate compared to traditional card terminals. Merchants can acquire this payment solution with minimal documentation and hassle. Additionally, there are no monthly target service fees or commitments, making it a flexible and cost-effective solution. Once purchased, the device is fully owned by the merchant.
The People’s Bank mPOS is a compact and portable device which is equipped with a rechargeable battery to ensure uninterrupted operation. This device is designed to be carried effortlessly by merchants. Additionally, the automatic settlement feature ensures that funds are credited to the merchant’s account on the next working day, streamlining the financial process.
How does People’s mPOS ensure the security of transactions and cardholder data?
Security is a top priority. People’s mPOS operates with the device’s Wi-Fi and SIM connectivity, ensuring reliable and uninterrupted communication. The device meets the latest security standards to ensure that all transactions are conducted securely and protect sensitive cardholder data.
What is the application process for merchants interested in adopting People’s mPOS, and how can they receive guidance for installation?
Applying for People’s mPOS is straightforward. Interested merchants need to complete the mPOS application, sign the agreement, and provide a certified copy of their national identity card, along with a device payment receipt. There are no monthly target service fees or commitments, and the device becomes the property of the merchant upon purchase. People’s Bank provides step-by-step guidance to assist merchants with the installation process.
Where can customers find People’s mPOS applications, and how is the device delivered to them?
The People’s mPOS applications are available at any People’s Bank branch, Card Centre, or can be obtained through the People’s Bank website at www.peoplesbank.lk/merchant-services/. The mPOS device will be delivered to the merchant’s doorstep by a service provider for their convenience. Customers can also contact People’s Bank’s Call Centre via 1961 to obtain details on People’s mPOS product offerings.
The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) proudly facilitated the first-ever Sri Lankan delegation’s participation at Drupa 2024, the world’s largest trade fair for the printing industry and technology. Held after an eight-year hiatus, Drupa 2024 was a landmark event, marking significant advancements and opportunities in the global printing industry.
AHK Sri Lanka played a pivotal role in organising and supporting the delegation, which comprised 17 members from the Sri Lanka Association for Printers (SLAP), representing eight companies from the commercial, newspaper, stationery printing, and packaging industries. This pioneering effort by AHK Sri Lanka not only showcased the diverse capabilities of Sri Lanka’s printing sector but also facilitated vital bilateral discussions with key stakeholders from the German printing industry.
Business
Unveiling Ayugiri: Browns Hotels & Resorts sets the stage for a new era in luxury Ayurveda Wellness
In a captivating reimagining of luxury wellness tourism, Browns Hotels & Resorts proudly unveiled the exquisite Ayugiri Ayurveda Wellness Resort Sigiriya. This momentous occasion, celebrated amidst a vibrant and serene grand opening on the 6th of June, heralds a new chapter in the Ayurveda wellness tourism landscape in Sri Lanka. Nestled amidst 54 acres of unspoiled natural splendour, Ayugiri features 22 exclusive suites and stands out as the only luxury Ayurveda wellness resort in the country offering plunge pools in every room, rendering it truly one-of-a-kind.
The grand opening of Ayugiri Ayurveda Wellness Resort was an enchanting event, where guests were captivated by the melodies of flutists and violinists resonating through Sigiriya’s lush landscapes. As traditional drummers and dancers infused the air with vibrant energy, Browns Hotels & Resorts’ CEO, Eksath Wijeratne, Kotaro Katsuki, Acting Ambassador for the Embassy of Japan and General Manager, Buwaneka Bandara, unveiled the resort’s new logo, marking a significant moment witnessed by distinguished guests from the French Embassy, Ayurveda and wellness enthusiasts along with officials from the Sigiriya area, LOLC Holdings and Browns Group.
“Our strategic expansion into wellness tourism with Ayugiri Ayurveda Wellness Resort Sigiriya symbolises a significant milestone for Browns Hotels & Resorts. Wellness tourism has consistently outperformed the overall tourism industry for over a decade, reflecting a growing global interest in travel that goes beyond leisure to offer rejuvenation and holistic well-being. By integrating the timeless wisdom of Ayurveda with modern luxury, we aim to set a new standard in luxury wellness tourism in Sri Lanka. Whether your goal is prevention, healing, or a deeper connection to inner harmony, Ayugiri offers a sanctuary for holistic well-being” stated Eksath Wijeratne.
Ayugiri encapsulates the essence of life, inspired by the lotus flower held by the graceful queens of the infamous Sigiriya frescoes. Just as the lotus emerges from the murky depths, untainted and serene,
Ayugiri invites guests on a journey of purity and rejuvenation, harmonised with a balance of mind, body and spirit, the essence of nature, echoes of culture and the wisdom of ancient Ayurvedic healing.
HNB General Insurance, one of Sri Lanka’s leading general insurance providers, has been honored as the Best General Bancassurance Provider in Sri Lanka 2024 by the prestigious Global Banking and Finance Review – UK.
The esteemed accolade underscores HNB General Insurance’s unwavering commitment to excellence and its outstanding performance in the field of bancassurance. Through dedication and hard work, the HNB General Insurance team has continuously endeavored to deliver innovative insurance solutions, cultivate strong relationships with banking partners, and provide unparalleled service to customers nationwide. This recognition is a testament to the team’s dedication and relentless pursuit of excellence in the bancassurance business.
“We are honored to receive this prestigious award, which reflects our team’s tireless efforts and dedication to delivering value-added insurance solutions and exceptional service through our bancassurance partnerships,” said Sithumina Jayasundara, CEO of HNB General Insurance. “This recognition reaffirms our position as a trusted insurance provider in Sri Lanka and motivates us to continue striving for excellence in serving our customers and communities.”
US sports envoys to Lanka to champion youth development
Rahuman questions sudden cancellation of leave of CEB employees
