Lanka Bell, EPIC to launch CDMA credit card terminals

Lanka Bell will partner EPIC Lanka Technologies to introduce the first CDMA credit card swipe terminals, also known as point of sale or POS terminals to Sri Lankan businesses, achieving another technology first.

The Memorandum of Understanding (MoU) signed by the two companies will result in the launch of point of sale terminals that can be used with CDMA connectivity, as opposed to conventional fixed lines currently required for such machines. This will enable merchants all over Sri Lanka to transact electronically taking advantage of Lanka Bell’s widest CDMA coverage.

The new technology will also create the opportunity for banks in Sri Lanka to expand their electronic business capabilities all over the country while significantly improving their credit card 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 (Pvt) Ltd will be responsible for the sale, software application developments and maintenance of the equipment, while Lanka Bell will provide the connectivity.

“The arrival of CDMA point of sale machines will mean a new dimension in convenience to merchants,” said Lanka Bell Managing Director Prasad Samarasinghe.

“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,” he said.

Chairman/Managing Director of EPIC Lanka Technologies Nayana Dehigama said, “We are pleased to have Lanka Bell as our connectivity partner for the new point of sale terminals with CDMA technology”.