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158% increase in volume of transactions across digital payment channels


Decisive shift in preference for contactless and cashless payment solutions
Over 250 enterprises successfully digitalized processes after the onset of the pandemic
Resistance to cashless transactions has rapidly given way to enthusiastic usage as an unprecedented number of Sri Lankans are switching to digital banking channels, according to HNB Head of Cards, Gauthami Niranjan.
Compared with 2020, the volume of transactions on digital channels grew by a remarkable 158% Year-on-Year (YoY) in 2021, while the value of digital transactions increased by a corresponding 153% YoY.
“Given that HNB had already captured the lion’s share of the market in digital merchant acquisition even before the pandemic, we leveraged these experiences to ensure that even businesses which were initially unsure of digital payments were able to seamlessly adapt and integrate these technologies into their total business model. The results of these efforts are compelling as reflected in the ....

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Emirates NBD Most Recommended Retail Bank


Emirates NBD Most Recommended Retail Bank
DUBAI, 1 hours, 52 minutes
ago
Emirates NBD, a leading banking group in the Menat (Middle East, North Africa and Turkey) region, was voted by consumers to win the award for the Most Recommended Retail Bank in the UAE in the Middle East at The Asian Banker s 2020 BankQuality Awards.
 
As part of its 2020 BankQuality Consumer Survey on Retail Banks, The Asian Banker gathered feedback from 3,000 consumers in the UAE, Saudi Arabia and Egypt on satisfaction with their retail banks. The survey assessed consumer perception, attitude and loyalty to financial institutions based on experience with service, channels, products and Covid-19 support initiatives. The findings were derived as a BankQuality Score for The Asian Banker s evaluation of the Best Retail Finance Institutions in the region. ....

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ComBank Q+ Payment App passes 50,000 user milestone


The Commercial Bank of Ceylon has announced that ComBank Q+ Payment App, the first Quick Response (QR) based payment app to be launched on the LANKAQR platform, is now being used by over 50,000 customers who have embraced the convenience and security of the cashless digital payment solution offered by the Bank.
The App went through a series of upgrades even as the Bank stepped up its promotion as part of its support to the Central Bank of Sri Lanka’s post-lockdown initiative to popularise QR code-based payments via LANKAQR.
ComBank Q+ Payment App was designed as a convenient and hassle-free payment alternative for Credit, Debit and Prepaid Card holders and merchants, taking them to the next dimension of digital payments, the Bank said. After the launch of the app that enabled cardholders to pay for purchases via their mobile phones simply and securely by scanning the merchant’s QR code, the app underwent several functionality-enhancing upgrades. ....

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