Business and Economics
BOC partners Mobitel to introduce digital payments through Smartpay

Sri Lanka’s No. 1 bank, BOC recently joined hands with Sri Lanka’s National Mobile Service Provider, Mobitel, to deliver convenience to Mobitel customers in making digital payments through QR (quick response) code based payment solution, SmartPay.

BOC SmartPay is the ideal choice for today’s busy customers who seek convenience, simplicity, high security and speed as key factors in their payment experience. With SmartPay, customers can enjoy the convenience of card less and cashless payments for their day-to-day necessities. Since this is a customer-initiated payment method (Push payment), the errors will be minimal. Smartpay app can be downloaded free of charge for android and IOS mobile users.

Customer can self-register (Self on boarding) and activate SmartPay App by adding their own current or savings accounts as this payment app follows a very simplified and secured registration process. SmartPay app uses national QR code, “Lanka QR” which is interoperable with other Bank’s mobile payment apps as long as they are Lanka QR certified.
Volvo goes electric with truck line-up

Volvo Trucks has started sales of its Volvo FL and Volvo FE electric trucks in selected markets, meeting the increasing demand for sustainable transport solutions in city environments.

The reduced noise levels make it possible to carry out deliveries and refuse collection in early mornings, late evenings or even at night, helping to improve transport logistics and reduce congestion during peak hours. Second, with better air quality and less noise, electric trucks create new opportunities for city planning and road infrastructure. An electric truck can, for example be used in indoor loading areas and environmental zones.

“Global urbanization requires urban logistics and truck transport with zero emissions and less noise with increasing urgency.

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CEA recognition for ODEL’S Luv recycling project

The Central Environmental Authority (CEA) recently awarded Luv SL by ODEL PLC, the ‘Melting Point Certification’ for its innovative Aluminum recycling initiative, where Aluminum waste that congests landfills, pollutes the environment and consumes unsustainable amounts of energy have been recycled to create a range of products such as jewelry, household items and accessories under Luv SL by ODEL.

Luv SL collects used aluminum cans in bulk, which in turn are melted down, casted and converted into a range of attractive products that are made available for discerning customers at their outlets.

Although Aluminum is the third most abundant element in the earth’s crust, the production of the metal and the subsequent disposal contributes significantly to overall environmental pollution.

“We may not realize it, but Aluminum production is a key contributor to environmental pollution. The process of extracting, processing and disposing the metal results in significant levels of carbon emissions, and the entire process consumes an unsustainable amount of energy. The metal is extremely useful, considering its abundant availability, durability, anti-corrosive properties and lightness, yet as it comes with its own disadvantages, as corporate, we have a responsibility to create innovative up cycling processes that address these disadvantages and make the most of these materials” stated a release from ODEL, a subsidiary of the Softlogic Group of Companies.


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