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REGIONAL DEVELOPMENT BANK JOINS “LANKAPAY”- SRI LANKA’S LARGEST COMMON ATM NETWORK

 


 


Joining Sri Lanka’s Largest Common ATM Network, The Government owned Premier Development Bank, The Regional Development Bank introduced yet another service which enables its customers to enjoy island wide access at over 2600 ATMs connected on the “LankaPay” network.

The “LankaPay” Common ATM 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.

RDB is the first LankaPay member institution to connect with the national payment network via the LankaPay hosted solution, which consists of the Shared ATM Switch (SAS) and the Card Management System (CMS) with state-of-the-art technology.

Commenting at the launching ceremony RDB Bank’s General Manager /CEO Mr. T.A. Ariyapala said “All our 267 branches are now inter connected with a modern core banking system and therefore a customer of RDB could transact with any branch of RDB irrespective of where he has opened his account. By joining LankaPay system the bank has provided opportunity to RDB customers to make withdrawals from over 2600 ATMs island-wide connected to LankaPay system. RDB will be installing 25 more ATMs very soon to provide more access to people. The existing and proposed RDB ATMs are not restricted to RDB customers, but any ATM card holder of a member bank of LankaPay could also patronage RDB ATMs for withdrawing money irrespective of the bank he maintains his account and we will continue to assess the needs of our customers and continue to provide solutions for them using electronic banking”.

LankaClear’s General Manager/CEO, Mr Sunimal Weerasooriya added “we are delighted to have RDB connected to the LankaPay network. As the national payment infrastructure provider driving financial inclusion, we are committed to assist all financial institutions to connect to the national switch in all possible domains, thus permeating the benefits of electronic payments to every segment of our society and our partnership with RDB is another giant step towards this goal.”

The new ATM’s provide easy access for RDB customers to carry out their day – to – day banking transactions in the convenience of their neighborhood.

The bank has achieved exceptional milestones in recent years by achieving rapid growth and currently holds over Rs. 100 Bn in assets.  

About RDB

RDB is an established statutory body under the Pradeshiya Sanwardana Bank Act No. 41 of 2008 and is a 100% government owned entity. The bank has been set up with the objective of improving the living standards of the rural masses by providing them accessible and affordable credit facilities that in turn contribute to strengthen the rural economy at the middle and bottom of the income pyramid.

RDB has also taken steps to inculcate the savings habit amongst the rural masses providing higher returns on savings and fixed deposits, and encouraging school children and minors to save. Today, the bank boasts of over 6 million customers who are served at 267 branches scattered island wide.

About LankaClear

LankaClear (Pvt) Limited, is Sri Lanka’s national payment infrastructure provider and one of 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 Cheuqe Imaging And Truncations System (CITS), “LankaPay” Common Payment Network – Common & Shared ATM Switch, Card Management System and Common EFT Switch, LankaSign Certification Authority and Bank CSIRT (Bank Computer Security Incident Response Team) among several other critical payment system infrastructure offerings.



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