Business News from Sri Lanka: Dialog Axiata PLC, Sri Lanka’s premier connectivity provider has become the first and only telecommunications provider in the country to receive the Payment Card Industry Data Security Standard (PCI DSS) certification for the 3rd consecutive year, for the revolutionary mobile payment application; Genie. PCI DSS ensures the security of cardholder data for credit/debit cards from major card schemes by preventing frauds and data breaches. This is achieved by enforcing leading security controls over the storage, transmission, and processing of cardholder data.
Commenting on this momentous occasion, Dr. Nushad Perera, Chief Digital Services Officer of Dialog Axiata PLC said, “We are proud to be the first and only telecommunications service provider in Sri Lanka to receive this certification. It is a validation of the lengths we go to safeguard the privacy and security of our customers as we endeavor to provide our customers with greater convenience through innovative technology while maintaining privacy and security. It is the cornerstone of the trust we have built with them over the years and will be the basis of everything we do in the years to come.”
The PCI DSS is administered by the PCI Security Standard Council and has 12 essential security compliance requirements which fall into six categories. These categories are; build and maintain a secure network, protect cardholder data, maintain a vulnerability management program, implement strong access control measures, regularly monitor and test networks and maintain an information security policy. This set of standards has been developed over time in an ever-evolving security landscape and are intended to provide merchants, financial institutions and customers peace of mind.
Genie is Sri Lanka’s first and only PCI-DSS certified mobile payment application and allows users to add their Visa/Mastercard, Current/Savings Account or eZ Cash account as payment options to the app and make remote payments, in-app payments, over-the-counter payments (OTC via QR Code) over 12,000 merchant points and online payments more safely and conveniently.
Dialog has been at the forefront of innovation in the mobile industry in Sri Lanka as well as in the region, propelling the nation’s mobile telecommunications infrastructure to a level of advancement on par with the developed world. Dialog Axiata PLC has the distinction of being the first mobile operator in Sri Lanka to be awarded a mobile payments license by the Central Bank of Sri Lanka, based on which it operates eZ Cash, the country’s pioneering mobile money service. The Dialog Group has also established a position of strength in Sri Lanka’s digital commerce space through a joint venture (with Digital Commerce Lanka) encompassing Sri Lanka’s leading daily deals site Anything.lk and the incumbent e-commerce properties of the Dialog Group wow.lk.
SLIC partners ‘Cargills Cash’ to facilitate insurance premium payments
In a series of initiatives kicked off by Sri Lanka Insurance (SLIC) to provide utmost convenience to customers Sri Lanka Insurance partners with ‘Cargills Cash’ for easy service experience.
SLIC customers can now enjoy the convenience of paying insurance premiums through the extensive network of almost 400 Cargills Food City outlets spans across the country.
Payment can be done by simply filling a deposit slip mentioning the SLIC insurance policy number and handing it over to the cashier at any Cargills Food City Outlet Island wide. Outlets are open 365 days from 8.00.a.m. to 10.p.m.
CEO of SLIC Chandana L Aluthgama explained that ‘With the rapidly changing convenience focused lifestyles of Sri Lankans, SLIC is striving to uphold the service experience at its finest levels and is now geared up to provide utmost convenience for customers. The convenience-driven trend is reiterated by the fact that our policyholders visit supermarkets more frequently and trying to fulfill all their needs under one roof. “
Sri Lankans are now focused on convenience is reiterated by the fact that our policyholders visit supermarkets more frequently.
Cargills Bank MD/CEO Rajendra Theagarajah said, “Through Cargills Cash agency banking, Cargills Bank continues to expand banking services to all Sri Lankans, providing unparalleled convenience.
We invite SLIC policyholders to enjoy the benefits of our expanded payment points and extended hours of operation.”
“Cargills Cash” is a unique differentiator, providing Cargills Bank customers unparalleled convenience. Cargills Cash has revolutionized banking, allowing customers to deposit, withdraw, and send cash through almost400Cargills Food City outlets island-wide from 8.00 a.m. to 10 p.m, 365 days of the year while being able to complete their grocery shopping at the same time.
Established in 1962, Sri Lanka Insurance Corporation is the largest government-owned insurance company in Sri Lanka, with a managed asset base of over Rs.197 billion and a Life fund of over Rs.105 billion, the largest in the local insurance industry.
