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Kanrich Finance Connects with Lanka Pay’s National Electronic Fund Transfer Network
LankaClear - DGMIT & Operations - Harsha Wanigatunga exchanges the LankaPay SLIPS agreement with Eranda Amal Godage - GM-Marketing KanrichFinance Ltd.Ravi Joseph - Chief Manager IT KanrichFinance ,Chathura  Kumarapperuma   - Manager Finance KanrichFinance,IsuruJayawera – Senior Manager Help Desk & Bank Services LankClear,Delan Wimalaratne - Manager  Electronic Fund Transfer LankaClear looks on.

Kanrich customers now enjoy same day fund transfers within banks and finance institutionsin the country!
 
Kanrich Finance, one of the country’s most progressive financial services providers with a special focus on microfinancing, is the latest member to join Sri Lanka Interbank Payment System (SLIPS).

Customers transacting at all 44 Kanrich Finance Branches/Centers island wide can now effect same day transfer of funds to every single personal and corporate account in the country through the LankaPay SLIPS Electronic Fund Transfer Network. Customers can transfer up to Rs.5 million per transaction, and the advent of Kanrich Finance to LankaPay SLIPS also enables the company to extend an innovative new range of technology-based services to itsfast growing customer base.

“Kanrich believes in forging the closest of ties with customers and stakeholders as a key facet of its business approach, thereby giving life to its tagline 'Relationships without Borders' says Mr. S H Piyasiri–Chairman/Director–Kanrich Finance. Our goal is to build a unique financial powerhouse that is superior in every way to serve the biggest corporate and high networth individuals in the country and at the same time simple enough to give the same time and service to the poorest sections of our society.Thus, we strongly believe that the inclusive payment technology services offered by LankaPay does support us in achieving our business goals in reaching out to all segments of our society”

LankaPay SLIPS Electronic Fund Transferservices can be accessed island wide at over 3,000 branch locations of 39 member institutions which comprise of 26 Commercial Banks, 5 Specialized Banks and 8 NBFI’s, and is accessible from any part of the country.

Commenting on the partnership, Mr. SunimalWeerasooriya, Chief Executive Officer and General Manager of LankaClearstates;  “Kanrichbrings in anew segment of customers to the LankaPay network as the company has extensive reach and penetration at the bottom of the pyramid, through its microfinance business. The value and success of our national payment infrastructure lies in the empowerment and enrichment created across all segments of our society and this partnership has helped us penetrate further creating more value on the network.We will continue to support the Banking & Finance sector with our innovative and inclusive payment solutions forging towards a cashless Sri Lanka”

About Kanrich Finance

Kanrich Finance Ltd (KFL) is a licensed finance company which commenced operations in 1971 with the incorporation of Mutual Investments and Finance Ltd., under the Companies Ordinance No. 51 of 1938. With a strong financial tradition of over 43 years, KFL offers a portfolio of financial solutions including deposits, savings, leasing, hire purchase, real estate and micro finance products.

Kanrich started its operations with 60 employees and an asset base of Rs. 600 million. Today the total workforce is over 1,000 employees and the asset base is more than Rs. 12 billion. The Company has expanded its reach with its presence in 44 locations spread across the country except in the Northern Province.

KFL was completely transformed after taking over by Mutual Holdings Ltd to what it is today and presently it ranks among the top finance companies in Sri Lanka.

KFL is led by a highly experienced and professional Board of Directors and a young and dynamic
management team. The Company is guided by its core principles and values and is on a well-planned strategic path to achieve market leadership. The Company serves its clientele with an unmatched product spread, coupled with supreme service quality by customising the core products to attract the market. With a customer base exceeding 260,000, KFL has already established itself as a leader in the financial services industry and will continue to remain firm and focused with a strong brand of financial stewardship.
 
 
About LankaClear

LankaClear (Pvt) Limited, is Sri Lanka’s national payment infrastructure provider and one of the country’s most successful public-private partnerships. 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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