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STANDARD CHARTERED CONNECTS WITH LANKAPAY

The agreement being exchanged between Sanjay Wijemanne - Head, Retail Clients, Standard Chartered and GM/CEO of Lanka Clear, Sunimal Weerasooriya. Others in the picture (from left to right ) Janaka Serasinghe - Chief Information Officer, Standard Chartered & Harsha Wanigatunga -
Deputy General Manager - IT & Operations, LankaClear

Standard Chartered connects with LankaPay

9thDecember2014, Colombo, Sri Lanka– Standard Chartered is the first international bankin Sri Lankan to connect with LankaPay,the island’slargest common ATM network. The bank’s customers can now enjoy ATM services at over 2,500 ATMs island wide. The LankaPay service allows customers of one bank to transact using an ATM of another member bank at a nominal fee of Rs. 30/- per cash withdrawal and Rs. 7/50 per balance enquiry request. It is anticipated that this will bring greater convenience and affordability to all Standard Chartered’s customers as LankaPay connects them to ATMs across 8 leading local banks.
 
Sanjay Wijemanne, Head, Retail Clients, Standard Chartered, commenting on the alliance: “We are pleased to have joined Sri Lanka’s largest common ATM network, this innovation and we hope it will ease transactions for our clients with integrated, efficient, and cost-effective ATM access.”
 
The network, currently comprisingATMs belonging to Bank of Ceylon, Commercial Bank, HNB, NDB, People’s Bank, Seylan Bank, Union Bank, NTB and Standard Chartered, is designed to become the backbone infrastructure for all future electronic payments, which will facilitate seamless connectivity coupled with real time payments. The implementation of the “LankaPay” - Common ATM Service is a national development initiative which will greatly support the banking and financial services industry, allowing greater reach, service offering and convenience to customers via a common platform.
 
LankaClear’s General Manager and CEO, Sunimal Weerasooriya, added “We are delighted to have Standard Chartered connected on the LankaPay network. LankaClear adds significant value to the economy through the provision of innovative, efficient payment infrastructure services, focusing on connecting individuals and businesses with ever more convenient and safe ways to transact. We welcome Standard Chartered onboard 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.”
 
Janaka Serasinghe, Chief Information Officer, Standard Chartered, further reiterated: “This is the first step in a fully integrated payments system connecting banks locally.We are excited to be part of LankaClear’s plans for a national payment network. Further enhancements are expected in 2015 which will make transactions quicker and more efficient for our customers.”


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