ComBank upgrades Q+ Payment App to introduce ‘Send Money’ fund transfers facility

The Q+ Payment App, another state-of-the-art product of Commercial Bank of Ceylon, which uses a cutting-edge technology, has scaled new heights in technology-enabled convenience with the addition of several new features that enable different methods of fund transfers and flexible payment scheduling options similar to standing orders.

Customers who have linked their Commercial Bank cards to the Q+ Payment App can now send money to another locally-issued Visa and Mastercard debit, credit or prepaid card, to a Commercial Bank or other local bank account or to any Payment Exchange Name (PEN) through any LankaPay-registered mobile number, directly from their registered cards in the App. 

Notably, the Card-to-Card funds transfer feature is the first of its kind to be implemented via a payment application in Sri Lanka and is operated via the ‘Visa Direct’ and ‘Mastercard Send’ card-based fund transfer facilities. 
This user-friendly, two-step fund transfer method can be executed simply by keying in the card number of the recipient and the desired amount, the bank said. 

Similarly, the Card-to-Account feature is equally convenient as the sender is require to select the recipient’s bank and then type the account number and amount to conclude the fund transfer.
Q+ Payment App has also enabled a favourites tab to store recipient card and account particulars to perform future transactions even more conveniently. 

Additionally, PEN, which is one of the latest secure payment methods introduced by LankaPay, adds further convenience to cardholders as it is a nickname based real-time person-to-person mobile number-based payment system that eliminates the need for submitting recipient bank or account details. 

Meanwhile, under the ‘Scheduled Payments’ feature, Q+ Payment App customers can schedule payments to Commercial Bank accounts and cards or to any local bank account, Card number, or PEN, and even schedule settlement of outstanding payments due on Credit Cards issued by other banks. 

This feature enables customers to set up recurring standing instructions that will automatically be carried out to the stipulated frequency, on the specified date and time. Customers receive instant SMS notifications on the status of each transaction. 

The Scheduled Payments feature is positioned as a hassle-free and efficient payment method that is especially convenient for the settling of recurring payments such as credit card bills, utility bills, insurance premiums and school fees, the bank said. Customers can also conveniently amend or cancel scheduled payments via the main screen of the ‘Scheduled Payments’ list on the Q+ Payment App. 
These latest app updates can be downloaded via Google Play Store and the Apple App Store.