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CARGILLS BANK THE 1ST TO OFFER FREE CASH WITHDRAWALS ON “LANKAPAY”- SRI LANKA’S LARGEST COMMON ATM NETWORK





 

Joining Sri Lanka’s Largest Common ATM Network, Cargills Banks introduced yet another service which enables  its customers to  enjoy island wide access at over 2500 ATMs connected on the “LankaPay” network.  Cargills Bank has taken an innovative step in offering all its customers up to 4 free cash withdrawals per month at any “LankaPay” member bank ATM.

Cargills Bank is the latest addition to the “LankaPay” network which is already connected  to  Bank of Ceylon, Commercial Bank, HNB, NDB, NTB, People’s Bank, Seylan Bank, Standard Chartered Bank &  Union Bank. “LankaPay” network allows customers of one bank to transact using an ATM of another member bank.

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 Common Card and Payment Switch (CCAPS).  The system is designed to become the backbone infrastructure for all future electronic transactions, which will facilitate seamless connectivity coupled with online real time payments.

Commenting at the signing ceremony on the latest endeavor, Cargills Bank’s CEO/Managing Director Mr. Prem Kumar said “As a customer-centric financial institution, we are delighted to link up with the “LankaPay” - Common ATM Network. This enables our customers to undertake transactions on their accounts at over 2500 ATMS island-wide which are linked with the “LankaPay” network. We are excited to partner with “LankaPay” and look forward in working together to provide value propositions to our customers with added services and products.”

Cargills Bank’s tie-up with “LankaPay” network  will greatly benefit its customers as it provides  secure , affordable, convenience with access to over 2500 ATM’s scattered island wide. 

LankaClear’s General Manager and CEO, Sunimal Weerasooriya, added “We welcome Cargills Bank on board the “LankaPay” network and take this opportunity in commending   the steps taken by the bank in providing  free transactions on the  “LankaPay” common ATM network to their customers. We have seen similar progressive steps taken in other parts of the world and believe that affordability coupled with reach & simplicity are the three vital ingredients in the success of an inclusive national payment infrastructure.  This will undoubtedly attract all Cargills Bank customers to make best use of the service we offer and as the country’s largest common ATM service expands its reach, we look forward to offering even greater convenience and financial inclusion to all sectors of the Sri Lankan community”. 

About Cargills Bank

Cargills Bank Limited is a fully fledged commercial bank with 3 branches presently, located at Kollupitiya, Maitland Crescent, and Old Moor Street, providing a range of services and products, including Current and Savings accounts, Fixed Deposits, Trade services and Treasury services. Cargills Bank’s philosophy is to establish itself as an inclusive bank providing value propositions to all our customers across all segments we service.

Cargills Bank is backed by strong shareholders whose Company’s brands, financial performance, market share and business foresight have been highly recognized in their respective fields and provide strength and stature to Cargills Bank.

About LankaClear

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 in the country. LankaClear’s product offering include the Cheque Imaging And Truncation System (CITS), “LankaPay” - Common Payment Network - Common ATM Switch and SLIPS Electronic Money Transfer Service,  LankaSign Certification Authority  and Bank CSIRT (Bank Computer Security Incident Response Team ) among several other critical payment system infrastructure offerings. 



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