Dialog Axiata PLC and Mastercard, a global payments and technology company, signed a strategic partnership agreement recently to drive the adoption of digital payments in Sri Lanka.
The partnership will enable opportunities for shared technology platforms and facilitate open loop payments, while accelerating the adoption of Mastercard’s digital payment solutions and expanding the reach and acceptance of the card-to-card payment provision.
Mastercard will empower Genie, Sri Lanka’s first PCIDSS secure app by Dialog, with ‘Mastercard Integrated’ for processing, ‘Mastercard QR’ for low value merchant payments by using LankaQR, ‘Mastercard Digital Enablement Services’ for contactless payments, ‘Mastercard Payment Gateway Services’ (MPGS) for processing mCommerce transactions with tokenisation and other value-added services.
Vice President, Digital Services, Dialog Axiata, Fariq Cader said, “The growth of payments using connected devices has increased rapidly in recent years.”
Mastercard Country Manager for Sri Lanka and the Maldives, R. B. Santosh Kumar said, “Dialog’s wide customer base and strong presence across the island will help us extend the convenience and security offered by our cutting edge electronic payment solutions to more Sri Lankan businesses and consumers.”