People’s Bank becomes first issuer and acquirer of LankaPay National Card Scheme

People’s Bank joined the LankaPay National Card Scheme by becoming the first bank to be both an acquirer and an issuer of same. The agreement to this partnership was exchanged between People’s Bank CEO/GM Ranjith Kodituwakku and LankaClear GM/CEO Channa de Silva at People’s Bank Head Office recently.

People’s Bank Senior Deputy General Manager – Payment and Digital K.B. Rajapakse, Head of Cards Jayanath Dias; LankaClear DGM – Finance Rasika Galappaththy, Manager – Business Development Sashika Kaushalya; and Consultant to JCB International (for Sri Lanka) Lakshman Liyanage, were also present at the occasion of signing of the agreement.

LankaPay National Card Scheme is the domestic card scheme of Sri Lanka adhering to international standards, introduced under the guidance and approval of the Central Bank in partnership with JCB international – one of the six leading International Card Schemes headquartered in Japan.

People’s Bank is the country’s Premiere Licensed Commercial Bank with Sri Lanka’s largest banking footprint comprised of 741 branches and service centers island wide. The bank also possesses the country’s largest customer base of more than 14 million. Established under the People’s Bank Act No. 29 of 1961, the bank carries a National Long-Term Rating of “AA - (lka/ Stable)”; by Fitch Ratings Lanka Ltd.