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The Sri Lanka Interbank Payment System, commonly known as SLIPS, is a LKR-only online interbank payment and fund transfer system in Sri Lanka. [1] [2]SLIPS is owned by LankaClear, an organization owned by the Central Bank of Sri Lanka and all Licensed Commercial Banks operating in Sri Lanka, with 47.19% of shares held by the CBSL and State owned commercial banks, and 52.81% by other private banks.
LankaClear (formerly National Cheque Clearing House) is the largest payments infrastructure provider in Sri Lanka. Established in February 2002, the organization is owned by the Central Bank of Sri Lanka (CBSL) and all CBSL-licensed commercial banks in the country. LankaClear is the operator of LankaPay, the country's largest interbank payment ...
Licensed Specialised Banks. Housing Development Finance Corporation Bank of Sri Lanka (HDFC) National Savings Bank. Regional Development Bank (Pradheshiya Sanwardhana Bank) Sanasa Development Bank. Sri Lanka Savings Bank. State Mortgage and Investment Bank.
The Online Safety Bill, which passed with 108-62 votes, aims to “make provisions to prohibit online communication of certain statements of fact in Sri Lanka” and “prevent the use of online ...
LANKAQR was launched to digitize the payment system in Sri Lanka, and is aimed at entrepreneurs and medium-sized enterprises (SMEs). The payment system uses scannable QR code stickers, which are provided by LANKAQR's member organizations. The QR codes can be scanned using a proprietary app on a mobile device, which is provided by the user's ...
Money Transfers. If you’re making a payment on a bill and are transferring money from another account to do it, expect a short delay. If the account is with the same banking institution, the ...
The Citizens Development Business Finance was incorporated as a public limited company on 7 September 1995 and it is listed at the Colombo Stock Exchange. [5] The company is licensed by the Monetary Board of the Central Bank of Sri Lanka under the Finance Business Act no 42 of 2011. As of 2019, the company has about 71 branches across the country.
The service will be formally launched via video conference by President Ranil Wickremesinghe of Sri Lanka and Prime Minister Narendra Modi, according to the Reserve Bank of India (RBI). [221] PhonePe implemented cross-border UPI functionality with LankaPay on 15 May 2024. In Sri Lanka, Indian PhonePe users can pay with UPI by scanning the ...