People’s Bank receives certification to acquire LANKAQR Payments

People’s Bank recently received certification from the Central Bank of Sri Lanka (CBSL) to acquire LANKAQR Payments that aims to revolutionize the payments landscape in Sri Lanka. As a bank in the forefront of IT and innovation, People’s Bank’s digitalization drive has witnessed a number of ground-breaking digital initiatives being launched in the local market in the recent past.  

As an extension of this approach, People’s Bank will deploy LANKAQR, a common Quick Response (QR) code standard, introduced and mandated to enable fast, secure and low-cost digital payments island-wide. Introduced by the CBSL, LANKAQR will ensure that Sri Lanka enters a new era of digital transactions. The official launch event, “Rata Puraama LANKAQR» was held at the CBSL premises, where the Governor of CBSL Deshamanya Prof. W.D. Lakshman presented a token of appreciation to People›s Bank Chief Information Officer Dhammika Dasa. CBSL Director of Payments and Settlements Dharmasri Kumaratunge and People’s Bank Chief Executive Officer/General Manager Ranjith Kodituwakku also were present at this occasion. Minister of Trade Bandula Gunawardana, State Minister of Money & Capital Market and State Enterprise Reforms Ajith Nivard Cabraal, State Ministers Shehan Semasinghe and Lasantha Alagiyawanna and Secretary to the Treasury S.R. Attygalle also participated in the event.