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| Product type | |
|---|---|
| Owner | Central Bank of Sri Lanka (CBSL) |
| Country | Sri Lanka |
| Introduced | 11 March 2019 |
| Markets | |
| Website | www |
LANKAQR is an initiative developed by the Central Bank of Sri Lanka. It is an integrated payment system in Sri Lanka. It launched on 11 March 2019 and is supported on Android and iOS devices. [1]
LANKAQR was launched to digitize the payment system in Sri Lanka, and is aimed at entrepreneurs and medium-sized enterprises (SMEs).
The payment system makes use of scannable QR code stickers, which are provided by LANKAQR's member organizations. The QR codes can be scanned using a proprietary app on a mobile device, which is provided by the user's financial institution.
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Mobile payment, also referred to as mobile money, mobile money transfer and mobile wallet, is any of various payment processing services operated under financial regulations and performed from or via a mobile device. Instead of paying with cash, cheque, or credit card, a consumer can use a payment app on a mobile device to pay for a wide range of services and digital or hard goods. Although the concept of using non-coin-based currency systems has a long history, it is only in the 21st century that the technology to support such systems has become widely available.
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Commercial Bank of Ceylon PLC (CBC) also known as ComBank is a licensed commercial bank in Sri Lanka and its ownership is private. It was incorporated as a public limited company and it is listed on the Colombo Stock Exchange. It is regarded as the largest private bank in Sri Lanka in terms of net worth and capital. The bank is currently the third largest bank in Sri Lanka in terms of total net assets and it lies behind only Bank of Ceylon and People's Bank. It is also the only private sector licensed bank in Sri Lanka to be designated as the higher-tier domestic systemically important bank according to the Central Bank of Sri Lanka. The bank currently operates a network of 268 branches and around 932 ATM machines across Sri Lanka.
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NZ COVID Tracer is a mobile software application that enables a person to record places they have visited, in order to facilitate tracing who may have been in contact with a person infected with the COVID-19 virus. The app allows users to scan official QR codes at the premises of businesses and other organisations they visit, to create a digital diary. It was launched by New Zealand's Ministry of Health on 20 May 2020, during the ongoing COVID-19 pandemic. It can be downloaded from the App Store and Google Play.
vcash was a Malaysian digital wallet and online payment platform established in Shah Alam in November 2017, by Digi Telecommunications, a subsidiary of Telenor Group. vcash allowed users to make payments in local stores via a QR code, pay bills, top-up prepaid mobile phones, and do P2P transfers. Despite being a Digi product, user registration and usage of this service was opened to both Digi and non-Digi customers. Its competitors were GrabPay, Touch 'n Go eWallet, and Axiata's Boost. On 1 November 2019, Digi announced they were discontinuing vcash on 30 November 2019, two years after its launch, which were attributed to stiff competition from competitors that provide rewards to their users to retain customers in their services.
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The app of UnionPay is a mobile and online payment service, developed and operated by UnionPay, the national Chinese bank card clearing service. Launched in 2017, it was designed to compete with the existing third-party Chinese mobile payment platforms, Alibaba Group's Alipay and Tencent's WeChat Pay. The mobile app allows the user to add their UnionPay bank card, and use it for various types of online and mobile payments, including in-app online payments, QR code payments, as well as contactless payments on NFC-enabled devices using UnionPay's QuickPass feature.
The NZ Pass Verifier is a free mobile app developed by the New Zealand Ministry of Health for businesses and organisations to scan and verify their customers' My Vaccine Pass certificates. The app was launched on 23 November 2021 for use on smartphones.
