LankaClear continues winning ways, bags silver award at ICASL Annual Report Awards

Monday, 23 December 2013 00:48 - - {{hitsCtrl.values.hits}}

Sri Lanka’s national payment infrastructure provider, LankaClear Ltd. bagged a Silver Award at the 2013 Annual Report Awards hosted by the Institute of Chartered Accountants of Sri Lanka (ICASL) this week. LankaClear was commended for its excellence in reporting and adherence to globally accredited standards in the small and medium sector.

ICASL’s Annual Report Awards is the most coveted national recognition for excellence in financial reporting and good governance and this is the third consecutive year that LankaClear emerged a winner at the ceremony, taking home a Bronze Award in 2012 and a Merit Award in 2011. The Silver Award was received by LankaClear Chairperson Priyantha Liyanage. LankaClear is continuing its winning way having bagged the top award for excellence in the Infrastructure and Utilities Sector at the prestigious National Business Excellence Awards ceremony last month. LankaClear General Manager/CEO Sunimal Weerasooriya said: “We are at the threshold of revolutionising the payments industry with the roll out of the Common Card and Payment Switch. The future we envisage is not empowered merely with speed of transaction and convenience; it is also one that embodies and stimulates good governance and transparency – values we hold critical at LankaClear. The Silver Award at ICASL’s Annual Reports awards demonstrates the great strides we have made over consecutive years in our reporting and commitment to corporate governance, and LankaClear will translate these values into the solutions we offer.” LankaClear Chairperson Priyantha Liyanage said: “Awards are a manifestation of excellence. It is a symbol of a dynamic team, and our repeated success at the annual report awards display the strength and commitment of the LankaClear team. We will not rest until we reach the pinnacle of governance and reporting excellence and sustaining our position at the helm will represent the true strength of our will to become a catalyst for change.” LankaClear is one of the leading and progressive payment infrastructure solutions providers in the Asian Region, and recently launched the Common ATM Switch (CAS) under the brand name LankaPay, which allows customers of one bank to transact using an ATM of another at convenience and at a nominal fee. LankaPay CAS is a precursor to the launch of the Common Card and Payment Switch (CCAPS), an integrated payment system of multiple domestic payment networks. 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. LankaClear, 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. LankaClear’s product offering include the Cheque Imaging Truncation System (CITS), Sri Lanka Inter-Bank Payments System (SLIPS), LankaPay Common ATM Switch and LankaSign Certification Service Provider among several other payment system infrastructure offerings.