DFCC Bank implements Mastercard into its Payment Gateway | Daily News

DFCC Bank implements Mastercard into its Payment Gateway

Chrishan Jayamanne  Manager Merchant Acquiring, DFCC Bank, Aasiri Iddamalgoda Senior Vice President Retail Banking and SME, DFCC Bank, Sandun Hapugoda Country Manager Sri Lanka and the Maldives, Mastercard, Denver Lewis Vice President and Head of Card Centre, DFCC Bank, Gemunu Gunasumana  Assistant Vice President Card Operations, DFCC Bank.

Chrishan Jayamanne  Manager Merchant Acquiring, DFCC Bank, Aasiri Iddamalgoda Senior Vice President Retail Banking and SME, DFCC Bank, Sandun Hapugoda Country Manager Sri Lanka and the Maldives, Mastercard, Denver Lewis Vice President and Head of Card Centre, DFCC Bank, Gemunu Gunasumana  Assistant Vice President Card Operations, DFCC Bank.

DFCC Bank has announced the implementation of Mastercard into its Payment Gateway to empower customers to sell goods and services online and receive payments electronically.  

The implementation of the Mastercard Payment Gateway is yet another milestone in the bank’s journey of digital service enablement. The bank continues to drive digital adoption and is actively contributing to the banking sector as the nation increasingly embraces a digital economy.

This service will be available for micro, small, medium and large businesses that price their products with varied values, thereby giving them the potential to grow and contribute to the digital economy. Mastercard Payment Gateway will enable the acceptance of payments through platforms in which micro-businesses transact on regular basis. It will allow the Bank to customize the service offerings to each business, making it conveniently accessible while also tightly managing inherent risks.

DFCC Bank, Aasiri Iddamalgoda, Senior Vice President Retail Banking and SME at DFCC Bank said, “As the Bank for Everyone, we understand that there is a crucial need for reliable and secure digital payment infrastructure with a wide range of payment options. It is with pleasure that we enter into this collaboration with Mastercard Payment Gateway services, being one of the most popular payment processors, to empower our merchant network to enable eCommerce services.”

Through this collaboration, the DFFC Bank aims to increase acceptance by partnering with service providers and penetrating emerging market segments.

Sri Lanka and Maldives Mastercard Country Manager Sandun Hapugoda , added, “We are delighted to collaborate with DFCC Bank, which aims to enable merchants to accept payments online where their customers are and benefit from the reach and security to compete in the new world of digital payments.”

The newly implemented Mastercard Payment Gateway has state-of-the-art advanced APIs which provide seamless integration with eCommerce websites or mobile applications. One of the key features is the ‘simplified commerce’ service, which allows a merchant website or account integration with Mastercard Payment Gateway in a seamless and secure manner. This feature helps micro, small and medium businesses to reduce their operating cost and concentrate on what really matters to their business.

The additional security layer helps prevent unauthorized transactions and protects the business from exposure to fraud. The service supports various popular plug-ins such as WooCommerce, OpenCart, Prestashop, Magento, and others, along with a tokenization solution for recurring payments. Mastercard Payment Gateway comes with the latest technologies in an innovative space where Android Point of Sale (PoS) machines can be connected to accept face-to-face payments.


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