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HDFC BANK JOINS LANKAPAY COMMON ATM NETWORK

(L-R) Mr.D.V.Pathirana, Chief Finance Officer- HDFC Bank, Mr. S. Dissanayake Chief Operating Officer - HDFC Bank, Mr. W.M.A.Bandara, Chief Information Officer-HDFC Bank, Mr. Channa de Silva, General Manager/CEO – LankaClear Pvt Ltd; Mr. Isuru Jayaweera, Head of Bank Services - LankaClear Pvt Ltd; and Mr. Harsha Wanigatunge, DGM IT & Operations - LankaClear Pvt Ltd

HDFC Bank, aspiring to be “The Bank for Your Home”, took another progressive step by joining with the LankaPay Common ATM Switch (CAS) recently with a view to further enhance customer convenience. Operating since 2013, under the guidance and approval of Central Bank of Sri Lanka, LankaPay CAS facilitates the country’s largest common ATM network that connects over 3600+ ATMs island wide, covering more than 98% of the total number of ATMs in the country.
 
According to the partnership with LankaPay, HDFC customers can now withdraw cash and make balance inquiries over 3600 ATMs island wide apart from HDFC ATMs located island wide at a nominal fee. Similarly customers of other banks in the LankaPay network too can use HDFC ATMs to access their accounts. LankaPay Common ATM network currently has 22 participants, namely People’s Bank, Bank Of Ceylon, Hatton National Bank, Seylan Bank, NDB Bank, Union Bank, Regional Development Bank, Commercial Bank, Cargills Bank, Habib Bank, Standard Chartered Bank, Sampath Bank, Pan Asia Bank, Nations Trust Bank, DFCC Bank, Public Bank, National Savings Bank, MCB Bank, Axis Bank, Amana Bank, Commercial Credit and Finance.
 
Commenting on this initiative the HDFC Bank’s GM/CEO Upali Hettiarachchi said, “We are thankful to LankaPay for creating a platform for offering greater convenience for customers and the Bank as well. This signifies another important landmark in the HDFC bank’s journey”. Further, The Bank is in the process of transforming its IT infrastructure by introducing a new core banking system and supporting hardware and is scheduled to go live with the new system in the near future. This ongoing transformation to the Bank’s IT infrastructure will contribute significantly towards the Bank’s future ability to create value for all stakeholders.  
 
While commending HDFC Bank on their customer centric approach, General Manager/CEO of LankaClear Pvt Ltd, Mr. Channa de Silva stated “We are delighted to welcome HDFC bank to LankaPay - CAS, which has enabled us to reach a coverage of more than 98% of the ATMs in the country. This is a significant achievement in a relatively short time span of 3 years after going live. Commenced with the participation of just 2 member banks in 2013, today the network has 22 members and connect over 3600+ ATMs in the country, while facilitating nearly 3 million inter bank ATM transactions a month. We are certain that this initiative by HDFC bank will avail their customers with unprecedented level of convenience by being able to access their accounts from literally any ATM in the country. Further, with this partnership we have taken one more step forward towards our quest to empower the nation with faster convenient, secure and affordable payment solutions thereby help fostering financial inclusivity”
 
The Common ATM Switch is the first phase of the LankaPay Common Card and Payment Switch, which is envisioned to be the backbone of all domestic electronic payments in future. The launch of LankaPay Common ATM Network marked a significant milestone in the country’s banking sector through common usage of resources generating greater economies of scale whilst enhancing customer convenience. Consequently the transaction cost to be banks and customers have come down drastically, saving the country billions of foreign exchange that would have otherwise drained out of the country.
 


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