Q+ Payment App & LANKAQR generate record-weekend sales for three top fashion retailers

CEYLON TODAY | Published: 2:00 AM Dec 8 2021
FT Q+ Payment App & LANKAQR generate record-weekend sales for three top fashion retailers

House of Fashions, Fashion Bug & Cool Planet join ComBank’s effort to support CBSL initiative to popularise Scan & Pay transactions country-wide Three leading fashion retailers recorded cumulative sales over 

Rs 23 million in just three weekends in October and November as a result of promotions that offered cash backs and discounts for payments made via the Q+ Payment App on the LANKAQR platform.

The Commercial Bank of Ceylon conducted these promotions to support the LANKAQR National rollout campaign by the Central Bank of Sri Lanka (CBSL),themed

‘ LANKAQR’ to promote cashless digital payments via the LANKAQR platform and to popularise Scan & Pay transactions. Notably, Commercial Bank was the only Bank in the country to organise three islandwide promotions of this nature within a period of two months. 

These promotions conducted soon after travel restrictions were lifted, were launched in collaboration with House of Fashions, Fashion Bug and Cool Planet outlets and invited retail customers to enjoy cash backs and discounts of 25% when they scan the merchants’ QR codes and pay for their purchases via the Q+ Payment App, which is the first QR-based payment application to be launched under LANKAQR. Customers could perform scan and pay transactions via any LANKAQR compatible app at these merchant outlets. 

Over 3,200 ‘Scan & Pay’ LANKAQR transactions took place during these promotions in a testament to the fact that both customers and the merchants have accepted the Q+ Payment app and LANKAQR platform as a safe, easy, and fast mode of payment for their needs, the Bank said. 

The promotions were an opportunity for customers to not just enjoy discounts at their favourite clothing stores, but also enabled them to experience the convenience and security of subscribing to the latest digital payment method that goes beyond both cashless and card-less payments, the Bank added.

CEYLON TODAY | Published: 2:00 AM Dec 8 2021

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