digital payments Archives

April 2, 2024

Out of the total domestic spends on debit cards, the share of in-store spending is 7 times that of ecommerce. Last holiday season saw over 20% growth in Visa debit transactions vis-à-vis 2022 Visa (NYSE: V), the global leader in digital payments, today announced that Visa debit card spends saw a significant increase of over […]

January 29, 2024

Colombo, January 29, 2024: Visa (NYSE: V), the global leader in digital payments, today announced the launch of the fourth edition of Visa Accelerator Program with an open call for applications. The initiative aims to enable startups in Sri Lanka to unlock growth potential by collaborating with Visa’s payments experts. The 2024 edition focuses on […]

May 15, 2023

Recognising the efforts in transforming Sri Lanka’s mobile financial services, SLT-MOBITEL’s mCash was awarded the prestigious ‘Outstanding Innovations in Digital Payments & Collections in Sri Lanka’ award, at an event held at Hilton Colombo recently. Organised by the Asian Fintech Academy (AFTA), the recognition is part of mCash’s exceptional contributions to the […]

February 20, 2023

DirectPay, a proud Sri Lankan start-up, is an innovative digital payments platform that makes it easier for businesses to conveniently and securely manage their payment processing needs. They recently celebrated 5 years of successful operation on the 1st of February 2023, by reaching an impressive transaction value of 13.5 billion in just […]

February 8, 2023

Singapore, 7 February 2023 – Visa, the world’s leader in digital payments, announced two senior leadership changes in the Asia Pacific region, with Chris Clark elevated from Regional President to Chairman, Asia Pacific, and Stephen Karpin named as his successor as Regional President, Asia Pacific. Both changes are effective 1 April 2023. […]

August 18, 2022

Program to empower fintechs in the country with expertise and payment technology from Visa Visa, the global leader in digital payments, has announced Visa Fintech Initiative: Sri Lanka (VFI) to drive fintech innovation in the island nation. As the country prepares to tide over difficult times, the Visa Fintech Initiative: Sri Lanka […]

December 24, 2021

Africa has always been at the forefront of the payments space led by mobile money services since 2010 NAIROBI, Kenya, December 22, 2021/ — By Akshay Grover, Cellulant Group CEO COVID-19 has propelled the adoption of digital payment platforms for millions of people across the African continent. The need for contactless methods of making transactions, transformed what […]

November 26, 2021

HNB has been recognized by Daraz for exceptional contribution to its growth, in an independent endorsement of Sri Lanka’s leading private bank’s commitment to expand e-commerce and digital payments throughout the country. The award, for the ‘Card Base with Highest Overall Growth’, was presented to HNB at the ‘Daraz Payment Partner Performance […]

November 18, 2021

The growth witnessed in Kenya is reflective of the payments landscape in the rest of Africa, reports Cellulant, with a noted shift in consumer behaviour NAIROBI, Kenya, November 18, 2021/ — Digital payments have shifted from being a nice-to-have for businesses to a necessity as more consumers prefer digital platforms as their […]

November 2, 2021

Sri Lanka’s most innovative private sector bank HNB PLC partnered with leading supermarket chain Keells to enable LANKA QR payments by facilitating Dynamic QR (Quick Response) transactions for the merchant’s PoS (Point of Sales) terminals supporting the nation’s next evolution in cashless and contactless payments island-wide for tier-one merchants as part of […]

Visa sees 35%+ surge in debit card spends; trend expected to continue in the upcoming Avurudu season

Visa Accelerator Program 2024 now open for Applications from Fintechs in Sri Lanka

SLT-MOBITEL’s mCash recognised for Outstanding innovations in Digital Payments at Asian Fintech Academy Awards

DirectPay celebrates it’s 5 year anniversary achieving 13.5 billion rupees in transactions

Visa Announces Senior Leadership Changes in Asia Pacific

Visa announces launch of ‘Visa Fintech Initiative: Sri Lanka’

Elevating Digital Payments For a Cashless Future in Africa (By Akshay Grover)

HNB’s commitment to expand e-commerce and digital payments wins Daraz award for Card Base with Highest Growth

Digital Payments in Kenya Grow Beyond Pandemic-Led Push, reports Cellulant

HNB partners Keells supermarkets to disrupt digital payments with Dynamic QR