Launched in 2017 under the direction of the Central Bank, this online payment platform facilitate bank customers to make online payments to organizations that are connected to LankaPay Online payment Platform (LPOPP) by transferring money directly from their current or savings account to their respective organizations’ account.
Accordingly, customers can now directly connect to their respective bank via any channel connected to CEFTS (Internet, Mobile, ATM or Over the Counter) to make the required payment online. Facilitated via LankaPay Common Electronic Fund Transfer Switch (CEFTS), these payments will be credited on a real-time on 24 X 7 x 365 basis. LPOPP system provides its participants with the required payment confirmation details on a real-time basis while the relevant reports and other information are provided agreed upon mutually for reconciliation purposes.
The first institution went live with LPOPP was Sri Lanka Customs. Due to the new automated payment system, customers can now make payments to Sri Lanka Customs Online conveniently and securely at a flat transactional fee of Rs. 50/- for Internet Banking payment and Rs. 100 for Over-the-Counter payment, irrespective of the value of the transaction.
The following banks are now connected to LPOPP and customers of those banks can make payments to Sri Lanka Customs online.
LankaClear is now in discussion to implement this system at several other similar institutions which will no doubt provide an efficient service to the public.