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» Sri Lanka needs prudent fiscal policy to retain confidence, refinance debt: Economist
Today at 9:51 am by The Invisible

» EPF needs governance overhaul, proxy advisor, to invest in Sri Lanka stock market
Today at 9:49 am by The Invisible

» 17-pct of Sri Lankans stunted: World Bank Human Capital Index
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» Coalition politics hurt Sri Lanka liberalization drive: Harsha
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» Sri Lanka President calls to expand Nixon shock as rupee falls
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» Sri Lanka new car registrations down 40-pct in September
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» Sri Lanka stocks up 0.37-pct, rupee ends marginally lower
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» Sri Lanka’s Nations Trust Bank gets US$50mn from Dutch lender
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» JKH shares trade Rs1.1bn worth at 126-127/share in today’s trades
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» Only 8-pct of Sri Lanka’s 2018 budget promises progressing on track: Verité
Yesterday at 7:14 pm by serene

» Fed Rate hike , Rs Devaluation PART 2 : Should CSE be like this? Whose FAULT is it?
Yesterday at 1:10 pm by කිත්සිරි ද සිල්වා

» වෙළෙඳපොළ වැටුණු මොහොතේ නිමල් රු. බිලියන 2 ක කොටස් අරන්
Yesterday at 11:35 am by Ethical Trader

» බැඳුම්කර මගඩියෙන් අර්ථසාධක අරමුදලට වූ පාඩු පියවා ගන්න මහ බැංකුව සිවිල් නඩුකර පවරයි
Yesterday at 11:32 am by Ethical Trader

» සිංගර් කොටස් ගනුදෙනුවෙන් පසු ශුද්ධ විදේශීය ගලායාම රු. බිලියන 8 ඉක්මවයි
Yesterday at 11:23 am by Ethical Trader

» Hayleys buys balance 9.47-stake in Singer Sri Lanka
Yesterday at 8:24 am by yellow knife

» Sri Lanka's All Share index falls below 5,800 points
Yesterday at 7:50 am by serene

» Sri Lanka stocks end 0.70-pct lower, rupee lose some gains
Yesterday at 7:33 am by The Invisible

» Sri Lanka gilt yield curve flattens amid currency pressure
Yesterday at 7:30 am by The Invisible

» Global stocks mixed as oil gains amid scrutiny of Saudi Arabia
Yesterday at 7:24 am by The Invisible

» චීන සංවර්ධන බැංකුවේ සරණින් රුපියල අළු ගසා නැගිටියි
Mon Oct 15, 2018 6:11 pm by serene

» Will take care of debt issues of Belt and Road projects: China
Mon Oct 15, 2018 6:07 pm by serene

» සිංගර් ඉතුරු කොටස ධම්මික අද මිල දී ගනී
Mon Oct 15, 2018 4:57 pm by The Invisible

» ලංකා හා මහජන බැංකු කොටස් අලෙවියක්
Mon Oct 15, 2018 12:23 pm by nihal123

» රුපියල ශක්තිමත් කිරීමට අතේ ඇති ඩොලර් විසි කිරීමේ අවාසිය
Mon Oct 15, 2018 9:32 am by The Invisible

» Global stocks stumble as Trump attacks Fed
Mon Oct 15, 2018 9:29 am by The Invisible

» අහිමි වෙන ඉරාන තේ වෙළෙඳපොළ වෙනුවට රජය විකල්ප සොයාගෙන නෑ
Mon Oct 15, 2018 9:28 am by The Invisible

» Sri Lanka apparel exports up 7.8-pct in Aug despite Brexit hit
Mon Oct 15, 2018 9:25 am by The Invisible

» 'Shock not over' as Asian stocks extend slide
Mon Oct 15, 2018 9:24 am by The Invisible

» "The unreasonable man" - Rohan Pallewatte
Sun Oct 14, 2018 10:55 am by කිත්සිරි ද සිල්වා

» අනං මනං! #/+?.<>
Sat Oct 13, 2018 7:09 pm by Yin-Yang

» Investing in stocks - how to find the best time to buy or sell
Sat Oct 13, 2018 5:15 pm by nihal123

»  How To Identify Stock Market Direction (Trends) Part 1
Sat Oct 13, 2018 5:06 pm by nihal123

» Backroom moves over Sri Lanka Chief Justice pick
Sat Oct 13, 2018 12:22 pm by කිත්සිරි ද සිල්වා

» Sri Lanka makes second forced bond sale, yields up
Sat Oct 13, 2018 8:31 am by The Invisible

» Sri Lanka stocks end 0.40 percent lower, rupee in sharp rebound
Sat Oct 13, 2018 8:30 am by The Invisible

» Sri Lanka's Lion Brewery regrets leaving Indian market
Sat Oct 13, 2018 8:28 am by The Invisible

» Sri Lanka looks to shed massage parlour image for billion dollar wellness industry
Sat Oct 13, 2018 8:22 am by The Invisible

» ලෝක වෙළඳපොලේ තෙල් මිල ඉහළට
Fri Oct 12, 2018 5:32 pm by nihal123

» අත්‍යාවශ්‍ය නොවන භාණ්ඩ ආනයනයට ඩොලර් නිකුත් කිරීම මහ බැංකුව තහනම් කරයි
Fri Oct 12, 2018 5:30 pm by nihal123

» MTD WALKERS - KAPI
Fri Oct 12, 2018 5:24 pm by Ethical Trader

» මහ බැංකුවටත් වඩා බලවත් බාහිර සාධක
Fri Oct 12, 2018 7:50 am by serene

» Rising debt is shared concern of both creditors, debtors, Sri Lanka says
Fri Oct 12, 2018 7:43 am by serene

» Sri Lanka stocks end 0.57-pct lower, rupee weakens marginally
Fri Oct 12, 2018 7:38 am by serene

» Sri Lanka widens bank dollar trading positions
Fri Oct 12, 2018 7:36 am by serene

» Sri Lanka says small nations face chaos from financial and natural turmoil
Fri Oct 12, 2018 7:32 am by serene

» BOC New Internet Banking System
Thu Oct 11, 2018 9:23 pm by xmart

» ආණ්ඩුවේ හෝටල් දෙකක් මාස 6 ක් තුළ විකිණීමේ සූදානමක්
Thu Oct 11, 2018 6:10 pm by Ethical Trader

» ඩොලරය රු. 173 සමීපයට පැමිණෙයි
Thu Oct 11, 2018 2:01 pm by The Invisible

» Sri Lanka opposition’s toppling bid runs into snags
Thu Oct 11, 2018 10:03 am by Ethical Trader

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Is this True ?

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Is this True ?

Post by කිත්සිරි ද සිල්වා on Mon Nov 16, 2015 6:56 pm

Can someone with the knowledge explain please?

Is this True?
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කිත්සිරි ද සිල්වා
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Re: Is this True ?

Post by nis2008 on Mon Nov 16, 2015 7:08 pm

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Re: Is this True ?

Post by Market lover on Tue Nov 17, 2015 12:21 am

Well its in existence in credit cards for almost 3 yrs now. Many foreign banks in some countries use this system in credit card payments where u just hav to tap the card near the terminal (in other words hold the card near to the terminal) for just 2 or 3 seconds for the transaction to be completed for an amount up to $100 maximum I believe. U don't hav to key in the pin or sign for the transaction.

Some people don't like this system and refrain from using these type of special cards instead they request for the normal credit cards to be supplied by the bank.

It's fast and convenient but security is bit of a concern.

Visa cards termed as "visa payWave" cards and master card termed as "PayPass" cards

Other option is if u hav a smartphone and hav the special app downloaded in it provided by the bank. That app will be linked to ur transaction account with the bank and all u got to do is tap ur phone near the terminal. That's it Smile

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Re: Is this True ?

Post by කිත්සිරි ද සිල්වා on Tue Nov 17, 2015 8:44 am

Enlightening and Thank guys. Very Happy
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