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NDB CUSTOMERS CAN NOW BENEFIT FROM “LANKAPAY” - SRI LANKA’S LARGEST COMMON ATM NETWORK
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The agreement being exchanged between CEO of NDB Rajendra Theagarajah & GM/CEO Sunimal Weeroosuriya . Priyantha Kumara – Senior Software Engineer NDB , Sujeewa Dissanayake Vice President IT, Harsha Wanigatunga - Deputy General Manager IT & Operations LankaClear, Isuru Jayaweera - Senior Manager - Help Desk & Bank Services LankaClear
NDB joined the “LankaPay” network - common ATM service allowing its customers to transact for the lowest cost at over 1,700 ATMs island wide. “LankaPay” - Common ATM Service allows customers of one bank to transact using an ATM of another member bank at a nominal fee of Rs. 30/- for a cash withdrawal. The move will bring greater convenience and affordability to all NDB customers as they avail of Sri Lanka’s single largest common ATM service that has already linked up People’s Bank, Bank Of Ceylon, HNB, Seylan Bank & Union Bank to the LankaPay Common ATM Switch.
The “LankaPay” network is operated by LankaClear with the approval and guidance of the Central Bank of Sri Lanka, and is the first phase of the national common payment network. The network is designed to become the backbone infrastructure for all future electronic transactions, which will facilitate seamless connectivity coupled with real time payments.
Commenting on the move, NDB’s Chief Operating Officer Indrajit Wickramasinghe said “We are delighted to link up with the “LankaPay” - Common ATM Service that will significantly benefit our customers as well as the customers of other member banks with integrated, efficient, secure and cost-effective ATM access. With this move, NDB customers would no longer need to deliberately visit an NDB ATM for cash withdrawals and balance inquiries. Our clients will now have access to their accounts at over 1700 ATMs island wide that would include ATMs that belong to Bank of Ceylon, People’s Bank, HNB, Seylan and Union Bank. With a strong belief that seamless integration is the way forward for better convenience and added value in the banking sector, we are always on the lookout for innovative technologies that improve process efficiency and connectivity. As such, we eagerly await the full implementation of the “LankaPay” network; which will allow NDB’s clients as well as other member bank’s clients to effect bill payments and real-time fund transfers via LankaPay ATMs in the future.”
The implementation of the “LankaPay” - Common ATM Service is a national development initiative which will greatly support the proposed consolidation of the banking and financial services industry, allowing greater reach, service offering and convenience to customers via a common platform. In addition to driving affordable convenience to users it also offers significant savings in foreign exchange to the country by virtue of every “LankaPay” ATM transaction being channeled through a total domestic network.
LankaClear’s General Manager and CEO, Sunimal Weerasooriya, added “LankaClear adds significant value to the economy through the provision of innovative, efficient payment services, focusing on connecting individuals and businesses with ever more convenient and safe ways to transact. The “LankaPay” common ATM service is just the beginning of our national payment infrastructure development plan. The convergence of all banks and financial institutions under the “LankaPay” network will empower our public and enterprises to transact seamlessly unlike ever before, positioning Sri Lanka amongst the most advanced financial service locations in the region. We welcome NDB on board the “LankaPay” network, and as the country’s largest common ATM service expands its reach, we look forward to offering greater convenience and financial inclusion to all sectors of the Sri Lankan community.
LankaClear (Pvt) Limited, one of the country’s most successful public-private partnerships, is Sri Lanka’s national payment infrastructure provider. The company is jointly owned by the Central Bank of Sri Lanka and all Commercial Banks. LankaClear’s product offering include the Cheque Imaging And Truncation System (CITS), “LankaPay” - Common Payment Network – Common ATM Service / SLIPS Electronic Money Transfer Service and LankaSign Certification Service Provider among several other payment system infrastructure offerings.
NDB is one of the fastest growing banks in the country with NDB Group having regional operations in Bangladesh. The Bank offers a wide range of commercial banking services through its growing island-wide branch network catering to a growing customer base from all walks of life. Through the combined synergies of the diverse constituents of the NDB Group, its customers have access to a full range of banking and financial services; including project finance, corporate banking, SME lending, retail banking, investment banking, stockbroking and wealth management making NDB a truly Universal Bank.
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