CAPTION: Chief Guest- Minister of Sports and State Minister Digital Technology and Enterprise Development Hon. Namal Rajapaksa, CBSL Governor Mr.Ajith Nirvard Cabraal along with NDB Bank Director/Group Chief Executive Officer Mr. Dimantha Seneviratne and Glomark CEO Mr. Andrew Dalby at the launch.
NDB being at the forefront of the digital banking landscape has come forward to support the LANKAQR nationwide rollout campaign launched by the Central Bank of Sri Lanka. Accordingly, NDB was privileged to partner the nationwide rollout of LANKAQR, a key initiative to create awareness and encourage use of digital payments as opposed to using cash.
The event took place with the participation of Chief Guest, Minister of Sports and State Minister Digital Technology and Enterprise Development Hon. Namal Rajapaksa, CBSL Governor Ajith Nirvard Cabraal, Deputy Governor (Mrs.)Y.P. Fernando, Director Payments and Settlements D, Kumaratunga and NDB Bank Director/Group Chief Executive Officer Dimantha Seneviratne.
As part of the initiative all Sri Lankans will be encouraged to move towards a cash-less and a digitally empowered society using QR based transactions and will also increase financial inclusion in Sri Lanka. Developed by the Central Bank of Sri Lanka, LankaQR is an integrated payment system that was launched recently at a kick off event in Matale, beginning the endeavor to take this to every town in Sri Lanka.
The Bank is instrumental in promoting the CBSL LankaQR payment method via the Bank’s own QR payment method, NEOS Pay. Customers can make payments to merchants, pay bills and perform a host of other transactions via the NEOS platform.
Since NEOS Pay is linked to the LankaClear JustPay platform, customers can simply use either their NDB account or other bank account details to register for NEOS Pay. Upon registering customers will be able to avail the QR payment facility to settle merchant payments as well as bill payments with ease and convenience. Customers can add accounts of any other bank linked to the JustPay system onto NEOS Pay. This QR payment method will allow the customer to avoid using cash, and instead, make payments or pay bills via their NEOS App - powered by NDB, from their NDB Bank account or their other bank accounts registered with NEOS. The user does not need to have an account at NDB to use this facility, as NEOS Pay delivers an all-in-one payment app for all bank customers.
NDB Bank has always been at the forefront of the digital revolution of Sri Lanka with the overall digitisation initiatives in banking taken in the recent past. Among the many firsts introduced by NDB Bank is the NEOSBIZ app - a first of its kind business banking mobile app specially targeted at small and medium-sized enterprise (SME) businesses to manage their business transactions. The Bank also launched video KYC (vKYC) based account opening process utilizing artificial intelligence (AI) technology enabling customers to open NDB accounts from the comfort and safety of home, without having to visit a branch. Additionally, the Bank also became the first in the industry to tie up with the Credit Information Bureau (CRIB) in order to create a hassle free and convenient service in which the Bank’s customers can register and request for their individual credit reports (iReport) and individual credit score reports (CRIB Score) from wherever they are in Sri Lanka through NDB NEOS.
NDB will continued the Bank's endeavours to further digital banking even amidst competition, constantly introducing novel methods to the Bank’s clients as well as all Sri Lankans. Accordingly, the Bank was awarded the “Best Digital Bank 2021” at the Asiamoney Best Bank Awards for Sri Lanka in addition to being crowned "Sri Lanka’s Best Bank 2021" by the prestigious Global Finance Magazine of USA, and "The Bank of the Year Sri Lanka", by The Banker Magazine UK. NDB is the 4th largest listed bank in Sri Lanka and the parent company of the NDB Group. The only financial services conglomerate in Sri Lanka, NDB Group is uniquely positioned towards assisting the growth and development of the Sri Lankan financial market to provide its customers seamless access to the product and service offerings of all its group companies.