‘LankaPay’ enhances digital transaction reach connecting Central Finance to the National Electronic Fund Transfer Network
View(s):Central Finance Company PLC (CF), Sri Lanka’s leading financial solutions service provider, recently joined the Sri Lanka Interbank Payment System (SLIPS) operated by LankaClear (Pvt) Ltd enabling its customers to enjoy greater service and convenience on electronic payments.
With the advent of CF on to the ‘LankaPay’ SLIPS electronic fund transfer network, its customers can now enjoy same day fund transfers up to the value of Rs. 5 million per transaction.
LankaClear GM /CEO Sunimal Weerasooriya exchanges the LankaPay SLIPS agreement with Eranjith Wijenaike - Managing Director Central Finance Company PLC
Providing access to every personal and corporate account in the country, the ‘LankaPay’ SLIPS network will empower CF with the ability to offer a host of other new payment related services that could be tailor-made to best suit customer needs, a company media release said.
‘LankaPay’ SLIPS network connects over 3,000 branch locations of all member institutions scattered island wide and envisages moving into real-time fund transfers in the near future. The banking and financial sector has gained significant advantage through the network and, corporates and individuals alike have used the derived services to add value to their business and enhance the ease of transacting, it said.
“Participating in the LankaPay SLIPS network enables us to penetrate beyond the retail customer segment and move into business-to-business (B2B) value chains. ‘LankaPay’ SLIPS network gives us the platform to offer next-generation services to our customers, whilst gaining better reach, enhanced security and efficiency. We see the digital payment systems it proffers as another step towards a fully integrated, inclusive financial system,” noted Eranjith Wijenaike, Managing Director of Central Finance. Sunimal Weerasooriya, Chief Executive Officer and General Manager of LankaClear, said that LankaPay is changing the way Sri Lanka does business.
“Affordability, speed and secure access are essentials in getting consumers to embrace the payment technology we infuse into the economy, and these are the essential key values we have built into SLIPS and all other payment innovations proffered by LankaClear. The future holds much promise,” he said.