Pan Asia Banking Corporation extended its retail push by joining LankaPay - Common ATM Switch (CAS) in their continuing efforts to enhance customer service. With this newest addition of Pan Asia Bank, LankaPay – CAS which is by far the largest Common ATM Network in Sri Lanka has further strengthened its coverage by bringing the total number of ATMs under the network to exceed 2765.
LankaPay - CAS is an integral part of Sri Lanka’s trusted national payment network, which is operated by LankaClear Pvt Ltd under the approval and guidance of the Central Bank. The network facilitates customers of member banks to access their bank accounts from any ATM connected to the LankaPay network at a nominal fee. The other members of the network are namely People’s Bank, Bank Of Ceylon, HNB, Seylan Bank, NDB Bank, Union Bank, Regional Development Bank, Commercial Bank, Cargills Bank, Habib Bank, Standard Chartered Bank and Nations Trust Bank. Launched in 2013, LankaPay – CAS is the first phase of the trusted national common payment network, which will be the backbone infrastructure for all future electronic transactions. The network is enhanced by extensive security and reliability to facilitate seamless connectivity coupled with real-time payments.
Commenting on the bank’s decision to join the LankaPay Common ATM network, Pan Asia Bank’s Director/CEO Mr.Dimantha Seneviratne stated “ As the fastest growing commercial bank in Sri Lanka we naturally look for opportunities to add value to our customers by providing enhanced value added features and accessibility. With this move we are affording our customers the ability to access their accounts from over 2750 ATMs across the country which allows them the benefit from our superior customer service and unique product portfolio while enjoying unmatched accessibility to their accounts from the largest ATM network in the country anywhere anytime”
General Manager / CEO of LankaClear, Channa de Silva said “We are extremely delighted to welcome Pan Asia Bank to LankaPay - CAS. With the continuous expansion of the LankaPay network, customers of all connected banks across the country have been able to access a wide-array of financial services which are cost effective, secure, reliable and convenient than ever before. This invariably helps to transform the way of life for all citizens of this country. Converging all banks and financial institutions with LankaPay trusted national payment network will be vital towards creating greater financial inclusivity and positioning Sri Lanka as one of the most technologically advanced financial services hubs in the region”.
The implementation of LankaPay - CAS is a national development initiative, which will further improve the stability of the banking and financial services industry, allowing greater reach, enhanced service offerings and convenience to customers via a common network. In addition to driving affordability and convenience to all customers, it also ensures significant cost benefits to the country in-terms of saving foreign exchange by virtue of channelling local inter-bank transactions via LankaPay, which is a secure domestic network.
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