Business
DFCC Bank collaborates with Mastercard to facilitate electronic payments via Mastercard Payment Gateway
In its endeavor to support Sri Lankan businesses, DFCC Bank, the Bank for Everyone, announced the implementation of Mastercard into its Payment Gateway to empower customers to sell goods and services online and receive payments electronically.
The implementation of the Mastercard Payment Gateway is yet another milestone in the bank’s journey of digital service enablement. The bank continues to drive digital adoption and is actively contributing to the banking sector as the nation increasingly embraces a digital economy.
This service will be available for micro, small, medium, and large businesses that price their products with varied values, thereby giving them the potential to grow and contribute to the digital economy. Mastercard Payment Gateway will enable the acceptance of payments through platforms in which micro-businesses transact on regular basis. It will allow the Bank to customize the service offerings to each business, making it conveniently accessible while also tightly managing inherent risks.
Discussing the implementation of the Payment Gateway service by DFCC Bank, Aasiri Iddamalgoda, Senior Vice President – Retail Banking and SME at DFCC Bank said, “As the Bank for Everyone, we understand that there is a crucial need for reliable and secure digital payment infrastructure with a wide range of payment options. It is with pleasure that we enter into this collaboration with Mastercard Payment Gateway services, being one of the most popular payment processors, to empower our merchant network to enable eCommerce services. We believe this will add convenience for customers, industry partners and merchants, and help to expand business opportunities and extend access to products and services, across Sri Lanka.”
Through this collaboration, the DFFC Bank aims to increase acceptance by partnering with service providers and penetrating emerging market segments.
Commenting on this development, Sandun Hapugoda, Country Manager, Sri Lanka and Maldives Mastercard, added, “We are delighted to collaborate with DFCC Bank, which aims to enable merchants to accept payments online where their customers are and benefit from the reach and security to compete in the new world of digital payments. At Mastercard, our focus is always to bring best-in-class solutions and payment methods that offer seamless, secure and frictionless check-out experience for consumers.”
The newly implemented Mastercard Payment Gateway has state-of-the-art advanced APIs which provide seamless integration with eCommerce websites or mobile applications. One of the key features is the ‘simplified commerce’ service, which allows a merchant website or account integration with Mastercard Payment Gateway in a seamless and secure manner. This feature helps micro, small and medium businesses to reduce their operating cost and concentrate on what really matters to their business. It supports the latest 3D secure payments which is 3DS 2.0 (EMV 3DS) solutions, which promotes frictionless consumer authentication, enabling cardholders to authenticate themselves with their card issuer when transacting online.
The additional security layer helps prevent unauthorized transactions and protects the business from exposure to fraud. The service supports various popular plug-ins such as WooCommerce, OpenCart, Prestashop, Magento, and others, along with a tokenization solution for recurring payments. Mastercard Payment Gateway comes with the latest technologies in an innovative space where Android Point of Sale (PoS) machines can be connected to accept face-to-face payments.
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.”
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