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Establishment of the Common Card and Payment Switch (CCAPS) As per the road map of the National Payment Council (NPC) and the decisions taken by the NPC, LankaClear (Pvt.) Ltd. (LCPL) has been entrusted to establish the Common Card and Payment Switch (CCAPS) in Sri Lanka. The Monetary Board of the Central Bank of Sri Lanka has approved the CCAPS as the national payment switch.

LCPL has already initiated the procurement process and as per the project plan, the switch would be implemented in phases as given below:

Phase 1    : Common ATM Switch
Phase 2    : Mobile Payment Switch
Phase 3    : POS Switch
In addition, as part of the implementation process, a National Payment Framework would be developed which will include the operational procedures, certification process for the participating banks, dispute management procedures, reconciliation/clearing/settlement process, messaging standards, switching standards and security standards.

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