ComBank launches trilingual mobile POS application

The Commercial Bank of Ceylon and Paycorp International (PYCI), a leading provider of enterprise payment processing solutions to banks, corporates and industry specific vertical markets, have formed a strategic alliance to launch 'PAYCOM,' Sri Lanka's first multilingual mobile POS solution.

The PAYCOM solution will allow any business to accept credit card and debit card payments anywhere, any time. Businesses can download the Paycom app to an Android or IOS smartphone or tablet and choose their preferred language, Sinhala, Tamil or English to perform transactions.

This mobile POS solution has undergone Chip Transaction Processing (EMV) certification with the major card schemes, a Bank official said.

Commercial Bank's Assistant General Manager Operations, Palitha Perera said, "Commercial Bank has always aimed at implementing solutions that cater to SMEs and large enterprises.

We have formed a strategic alliance with Paycorp to implement a transactional banking solution that includes all aspects such as ease of connectivity, security, speed and cost effectiveness."

'Our Paycom mobile POS solution will enable many business and their sales teams to accept secure card payments while on the move, 24 hours of the day, seven days of the week," he said.

Managing Director, Paycorp International, Mazeen Farook said, "Mobile POS has recently generated much interest in Sri Lanka with a few other banks and payment gateways providing similar solutions."

"The key differentiators with the Commercial Bank Paycom solution is that it is easy to use and is offered and supported for a fraction of the cost, making is accessible to any business or person," he said.