DFCC supports Rata Puraama QR payment initiative | Sunday Observer

DFCC supports Rata Puraama QR payment initiative

21 February, 2021
Manager, Merchant Acquiring, DFCC Bank, Chrishan Jayamanne (in the middle) presents a QR Code, POS material to a merchant at the Narahenpita Economic Centre during the promotional campaign.
Manager, Merchant Acquiring, DFCC Bank, Chrishan Jayamanne (in the middle) presents a QR Code, POS material to a merchant at the Narahenpita Economic Centre during the promotional campaign.

DFCC conducted a promotional campaign at the Narahenpita Economic Centre recently to promote QR payments under the Rata Puraama Quick Response (QR) initiative of the Central Bank.

DFCC has assumed an active role in supporting CBSL’s vision of building a cashless future. As a financial institution which continues to leverage the use of advancements in technology and digitalisation, it is expected that the shared values of DFCC and the CBSL will result in an even faster adoption of QR technology among the general public.  The launch of DFCC’s Pay App in January 2019 resulted in the bank becoming among the first financial institutions to be certified for the LANKAQR standard which is now accepted as the national common QR. The Pay App permits customers to make retail payments using smart mobile devices through funds available in their current or savings account to the merchant’s account directly.

The DFCC Pay App provides a convenient, secure and affordable option for making retail payments which is otherwise primarily made by cash. DFCC Credit Cards can also be added to the DFCC Pay App to facilitate Visa QR local and overseas transactions at VISA QR enabled merchant outlets through a smart mobile device.

Similarly, the DFCC Pay Merchant App can be used by all types of merchants in the country from large corporates, SMEs to wayside vendors to accept these payments.

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