Sampath Bank , the premier private commercial bank, the pioneer in innovation in the banking and financial sector in Sri Lanka, launched "Sampath Pay For Anything (SPFA) Card ", a NFC (Near Field Communication ) enabled pre-paid card recently.
This initiative was taken by the bank in keeping with the government's eGovernment policies which signify the effective use of ICT (Information and Communication Technology) by the government for carrying out its main functions.
Near field communication (NFC) is a set of standards for smart phones http://en.wikipedia.org/wiki/Smartphone and similar devices to establish radio http://en.wikipedia.org/wiki/Radio communication with each other by touching them together or bringing them into proximity, usually no more than a few inches. Present and anticipated applications include contactless transactions, data exchange, and simplified setup of more complex communications such as Wi Fi.
Explaining the mechanism of Sampath Pay For Anything Card (SPFA), Tharaka Ranwala, Deputy General Manager, Marketing and Business Development said that the bank has a fully tested system to accommodate NFC based payment solutions approved by the Central Bank of Sri Lanka .
SPFA pre-paid card is user friendly, secure, devoid of handling cash and made for greater customer convenience. This card is manufactured by SONY FELICA Company and equipped with the highest security levels.
Sampath Bank wants to extend its support to the economic development of the country by launching the products of this nature which would enhance the standards of the society.
SPFA can be used for public transport sector, retail chains, fuel stations and any other industry as the Bank has the capability to customize this solution to suit diverse requirements.