Mar 31, 2009 (LBO) – Sri Lankan teleco Lanka Bell and EPIC Lanka Technologies, an information technology firm has tied up to provide wireless point of sale terminals to acquire credit card transactions.
EPIC Lanka is an 11-year old company dealing in secure electronic payments and information systems security.
Lanka Bell operates a fixed access wireless network based on code division multiple access (CDMA) technology.
“The arrival of CDMA point of sale machines will mean a new dimension in convenience to merchants,” Lanka Bell managing director Prasad Samarasinghe said in a statement.
“Businesses can set up and run a point of sale terminal much faster, and there is also the ability to support field sales units with this new technology.”
Lanka Bell says the new technology will make it easier for banks in Sri Lanka to expand their credit and debit card reach by being able to provide merchants in the remotest parts of the country with the ability to perform electronic transactions.
EPIC Lanka Technologies (Private) Limited will sell the point of sale terminals, provide software and maintain equipment, while Lanka Bell will provide telecom links.