On the 7th of April, Cargills Bank joins Sri Lanka’s Largest Common ATM Network, introducing yet another service which enables its customers to enjoy island wide access at over 2500 ATMs connected on the “LankaPay” network.
Cargills Bank has taken an innovative step in offering all its customers upto 4 free cash withdrawals per month at any “LankaPay” member bank ATM.
Cargills Bank is the latest addition to the “LankaPay” network which is already connected to Bank of Ceylon, Commercial Bank, HNB, NDB, NTB, People’s Bank, Seylan Bank, Standard Chartered Bank andUnion Bank.
The “LankaPay” network allows customers of one bank to transact using an ATM of another member bank.
The “LankaPay” network is operated by LankaClearwith the approval and guidance of the Central Bank of Sri Lanka, and is the first phase of the Common Card and Payment Switch (CCAPS).
The system is designed to become the backbone infrastructure for all future electronic transactions, which will facilitate seamless connectivity coupled with online real time payments.
Commenting at the signing ceremony on the latest endeavor,Cargills Bank’s CEO/Managing Director Mr. Prem Kumar said “As a customer-centric financial institution, we are delighted to link up with the “LankaPay” - Common ATM Network.
This enables our customers to undertake transactions on their accounts at over 2500 ATMS island-wide which are linked with the “LankaPay” network.
We are excited to partner with “LankaPay” and look forward to working together to provide valuepropositions to our customers with added services and products.”
Cargills Bank’s tie-up with “LankaPay” network will greatly benefit its customers as it provides secure , affordable, convenience with access to over 2500 ATM’s scattered island wide.
LankaClear’s General Manager and CEO, SunimalWeerasooriya, added “We welcome Cargills Bank on board the “LankaPay” network and take this opportunity in commending the steps taken by the bank in providing free transactions on the “LankaPay”common ATM network to their customers.
We have seen similar progressive steps taken in other parts of the world and believe that affordability coupled with reach and simplicity arethe three vital ingredients in the success of an inclusive national payment infrastructure.
This will undoubtedly attract all Cargills Bank customers to make best use of the servicewe offer and as the country’s largest common ATM service expands its reach, we look forward to offering even greater convenience and financial inclusion to all sectors of the Sri Lankan community.”
About Cargills Bank
Cargills Bank Limitedis a fully fledged commercial bank with 3 branches presently, located at Kollupitiya, Maitland Crescent, and Old Moor Street,providing a range of services and products, including Current and Savings accounts, Fixed Deposits, Trade services and Treasury services.
Cargills Bank’s philosophy is to establish itself as an inclusive bank providing value propositions to all our customers across all segments we service.
Cargills Bank is backed by strong shareholders whose Companies’ brands, financial performance, market share and business foresight have been highly recognized in their respective fields and provide strength and stature to Cargills Bank.
About LankaClear
LankaClear (Pvt) Limited, one of the country’s most successful public-private partnerships, is Sri Lanka’s national payment infrastructure provider.
The company is jointly owned by the Central Bank of Sri Lanka and all Commercial Banks in the country.
LankaClear’s product offering include the Cheque Imaging And Truncation System (CITS), “LankaPay” - Common Payment Network - Common ATM Switchand SLIPS Electronic Money Transfer Service, LankaSign Certification Authority and Bank CSIRT (Bank Computer Security Incident Response Team ) among several other critical payment system infrastructure offerings.
