Cargills Bank 1st to offer free cash withdrawals on ‘LankaPay’

Monday, 6 April 2015 00:00 - - {{hitsCtrl.values.hits}}

The agreement being exchanged between Cargills Bank MD/CEO Prem Kumar and LankaClear GM/CEO Sunimal Weerasooriya while Cargills Bank Deputy Managing Director/CFO Prabhu Mathavan, Cargills Bank DGM Marketing Rumaiz Rahim, Cargills Bank Head of IT and Systems Chanaka Wanigasooriya, LankaClear DGM IT and Operations Harsha Wanigatunga, LankaClear Senior Manager Payment Systems Hemanthe Samaliarachchi and LankaClear Senior Manager – Help Desk and Bank Services Isuru Jayaweera look on On 7 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 2,500 ATMs connected on the ‘LankaPay’ network. Cargills Bank has taken an innovative step in offering all its customers up to four 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 and Union Bank. The LankaPay network allows customers of one bank to transact using an ATM of another member bank. The LankaPay network is operated by LankaClear with 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 endeavour, Cargills Bank CEO/Managing Director 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 value propositions 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 2,500 ATMs scattered island wide. LankaClear 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 are the 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 service we 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.”