Tuesday, 30 December 2014 00:16
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Sri Lanka’s largest common ATM network
Nations Trust Bank joined the ‘LankaPay’ Common ATM network allowing its customers to transact anywhere anytime at over 2,400 ATMs island wide. LankaPay – Common ATM Service allows customers of one bank to transact using an ATM of another member bank at a maximum fee of Rs. 30 per cash withdrawal and Rs. 7.50 for Balance Inquiry. The move will bring greater convenience and affordability to all Nations Trust Bank customers as they avail themselves of Sri Lanka’s largest common ATM network, which has already linked up Bank of Ceylon, Commercial Bank, HNB, NDB, and People’s Bank, Seylan Bank, Union Bank and Standard Chartered Bank.
The LankaPay network is operated by LankaClear Limited with the approval and guidance of the Central Bank of Sri Lanka, and is the first phase of the national common payment network. The network is designed to become the backbone infrastructure for all future electronic transactions, which will facilitate seamless connectivity coupled with real time payments.
Commenting on the move, Nations Trust Bank Retail and SME Banking Deputy General Manager Keshini Jayawardena said, “We are indeed delighted to be connected with Lanka Pay – your national payment network. As a truly customer-centric financial institution, Nations Trust Bank has always been striving to offer exceptional service and convenience to our elite clientele with many innovative services. This collaboration will significantly benefit our customers as well as the customers of other member banks with secure and cost-effective ATM access. Our customers are not limited to a Nations Trust Bank ATM for cash withdrawals or balance inquiries; they now have immediate access to their accounts at any nearest bank ATM connected with the LankaPay network.”
LankaClear’s General Manager and CEO Sunimal Weerasooriya added, “LankaClear adds significant value to the economy through the provision of innovative, efficient payment services, focusing on connecting individuals and businesses with ever more convenient and safe ways to transact. The LankaPay common ATM service is just the beginning of our national payment infrastructure development plan. The convergence of all banks and financial institutions under the LankaPay network will empower our public and enterprises to transact seamlessly unlike ever before, positioning Sri Lanka amongst the most advanced financial service locations in the region.”
