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MarketScreener Homepage  >  Equities  >  Colombo Stock Exchange  >  Dialog Axiata PLC    DIAL.N0000   LK0348N00009


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DIALOG AXIATA : first Telco to get PCI DSS certification for 3rd consecutive year

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09/19/2019 | 09:23am EDT

Dialog Axiata Plc, Sri Lanka's premier connectivity provider, has become the first and only telecommunications provider in the country to receive Payment Card Industry Data Security Standard (PCI DSS) certification for the third consecutive year, earning it for the revolutionary mobile payment application Genie.

PCI DSS ensures the security of cardholder data for credit or debit cards from major card schemes by preventing fraud and data breaches. This is achieved by enforcing leading security controls over the storage, transmission and processing of cardholder data.

Speaking at this momentous occasion, Dialog Axiata Plc Chief Digital Services Officer Dr. Nushad Perera said: 'We are proud to be the first and only telecommunications service provider in Sri Lanka to receive this certification. It is validation of the lengths we go to safeguard the privacy and security of our customers as we endeavour to provide our customers with greater convenience through innovative technology, while maintaining privacy and security. It is the cornerstone of the trust we have built with them over the years and will be the basis of everything we do in the years to come.'

The PCI DSS is administered by the PCI Security Standard Council and has 12 essential security compliance requirements which fall into six categories. These categories are build and maintain a secure network, protect cardholder data, maintain a vulnerability management program, implement strong access control measures, regularly monitor and test networks and maintain an information security policy. This set of standards has been developed over time in an ever-evolving security landscape and is intended to provide merchants, financial institutions and customers with peace of mind.

Genie is Sri Lanka's first and only PCI-DSS certified mobile payment application and allows users to add their Visa, Mastercard, current account, savings account or eZ Cash account as payment options to the app and make remote payments, in-app payments, over-the-counter payments (OTC via QR Code) at over 12,000 merchant points and online payments safely and conveniently.

Dialog has been at the forefront of innovation in the mobile industry in Sri Lanka as well as in the region, propelling the nation's mobile telecommunications infrastructure to a level of advancement on par with the developed world.

Dialog Axiata Plc has the distinction of being the first mobile operator in Sri Lanka to be awarded a mobile payments licence by the Central Bank of Sri Lanka, based on which it operates eZ Cash, the country's pioneering mobile money service. The Dialog Group has also established a position of strength in Sri Lanka's digital commerce space through a joint venture with Digital Commerce Lanka, encompassing Sri Lanka's leading daily deals site Anything.lk and the incumbent e-commerce properties of the Dialog Group wow.lk.

© Pakistan Press International, source Asianet-Pakistan

Stocks mentioned in the article
ChangeLast1st jan.
DIALOG AXIATA PLC 0.00% 11.2 End-of-day quote.-8.94%
DIALOG GROUP 0.00% 3.73 End-of-day quote.8.12%
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Sales 2020 114 B 612 M 612 M
Net income 2020 5 096 M 27,4 M 27,4 M
Net Debt 2020 40 786 M 220 M 220 M
P/E ratio 2020 18,7x
Yield 2020 1,79%
Capitalization 92 839 M 500 M 500 M
EV / Sales 2019
EV / Sales 2020 1,18x
Nbr of Employees 3 871
Free-Float 99,3%
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Mean consensus BUY
Number of Analysts 3
Average target price 12,60 LKR
Last Close Price 11,20 LKR
Spread / Highest target 33,9%
Spread / Average Target 12,5%
Spread / Lowest Target -1,79%
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