Sri Lanka’s national payment infrastructure provider, LankaClear (Pvt) Ltd was recognised with a Bronze Award at the coveted 51st Annual Report Awards held recently, adding another to the many accolades gathered during the company’s 13 year journey. Contesting under the SME Sector, this is the fifth consecutive year that LankaClear emerged victorious at the Annual Report Awards competition.
Chairman LankaClear, Mr Anil Amarasuriya expressing his views on this achievement said "We are indeed humbled by the repeated success at the Annual Report Awards competition which is symbolic of the strength, commitment and passion for excellence of the LankaClear team. Operating in a domain where security, transparency and accountability is paramount, we consider this awards competition as a platform to demonstrate, benchmark and develop the company’s reporting excellence, which gives further impetus to our standing as one of Asia’s pioneering and most trusted payment infrastructure providers. The consecutive success we have achieved at the Annual Report Awards is a testament to our relentless efforts towards reaching the pinnacle in the sphere of annual reporting.”
Mr. Sunimal Weerasooriya, General Manager /CEO of LankaClear said “The Annual Report Awards organized by the Institute of Chartered Accountants of Sri Lanka is synonymous with Accountability, Transparency and Governance - the very values that we consider fundamental to LankaClear. These values that are encompassed our entire operation in turn translate into the solutions we offer and we consider taking part in the Annual Report Awards as an ideal opportunity to showcase our commitment towards transparency, corporate governance and reporting excellence.”
Functioning as Sri Lanka’s national payment infrastructure provider, under the guidance of the Central Bank of Sri Lanka, LankaClear is entrusted with driving the country towards a cashless society thereby bringing greater efficiency to the economy as well as enhancing security for financial transactions. In this endeavour, the company has introduced a host of faster, convenient and secure payment solutions over the past years, revolutionizing Sri Lanka’s payments landscape. LankaClear has also contributed significantly towards the national economy by generating substantial economies of scale and cost advantages whilst contributing actively towards raising the country’s ‘Ease of Doing Business’ ranking. Jointly owned by the Central Bank of Sri Lanka and all Commercial Banks, LankaClear is regarded as one of Sri Lanka’s most successful public private partnerships.
Under “LANKAPAY” umbrella, LankaClear has introduced an array of electronic payment solutions. The company’s product offerings include LANKAPAY Common ATM Switch (CAS), Shared ATM Switch (SAS), Common Electronic Fund Transfer Switch (CEFTS), Sri Lanka Inter-Bank Payments System (SLIPS) and LankaSign Digital Certification Service in addition to the Cheque Imaging & Truncation System (CITS) implemented in 2006 which revolutionized cheque clearing in the country with next day realization of cheque proceeds and becoming the 2nd country in the world to implement such technology.
With the recent role out of the Common Card and Payment Switch (CCAPS) - an integrated payment system of multiple domestic payment networks which is envisioned to be the central infrastructure for all future electronic transactions, LankaClear will facilitate seamless connectivity coupled with online real time payments, leading the nation towards a digital economy.
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