Regional Development Bank joins ‘LankaPay’: Sri Lanka’s largest common ATM network

Joining Sri Lanka’s largest common ATM network, the Government-owned premier development bank, Regional Development Bank introduced yet another service which enables its customers to enjoy island wide access at over 2,600 ATMs connected on the ‘LankaPay’ network.

The LankaPay Common ATM 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.

RDB is the first LankaPay member institution to connect with the national payment network via the LankaPay hosted solution, which consists of the Shared ATM Switch (SAS) and the Card Management System (CMS) with state-of-the-art technology.

RDB Chairman Prasanna Premaratna exchanging the Agreement with LankaClear Chairman Anil Amarasuriya, while (from left): LankaClear Production Support Engineer Janaka Fernando, LankaClear Processing Centre Manager Harsha De Silva, LankaClear Snr Manager Payment Systems Hemanthe Samaliarachchi, LankaClear Snr Manager Projects Lakshman Liyanage, LankaClear DGM – IT & Operations Harsha Wanigatunga, LankaClear GM/CEO Sunimal Weerasooriya, RDB GM/CEO T.A. Ariyapala, RDB DGM – Operations & IT V. Jayasinghe, RDB AGM Business Development Sarath Fernando, RDB Snr Manager Card Centre E.W.C. Hemantha and RDB Assistant Manager ATM Project J.M.T.D. Piushan

Commenting at the launching ceremony RDB Bank General Manager/CEO T.A. Ariyapala said, “All our 267 branches are now inter connected with a modern core banking system and therefore a customer of RDB could transact with any branch of RDB irrespective of where he has opened his account. By joining LankaPay system the bank has provided opportunity to RDB customers to make withdrawals from over 2,600 ATMs island-wide connected to LankaPay system. RDB will be installing 25 more ATMs very soon to provide more access to people. The existing and proposed RDB ATMs are not restricted to RDB customers, but any ATM card holder of a member bank of LankaPay could also patronage RDB ATMs for withdrawing money irrespective of the bank he maintains his account and we will continue to assess the needs of our customers and continue to provide solutions for them using electronic banking.”

LankaClear General Manager/CEO Sunimal Weerasooriya added, “We are delighted to have RDB connected to the LankaPay network. As the national payment infrastructure provider driving financial inclusion, we are committed to assist all financial institutions to connect to the national switch in all possible domains, thus permeating the benefits of electronic payments to every segment of our society and our partnership with RDB is another giant step towards this goal.”

The new ATM’s provide easy access for RDB customers to carry out their day-to-day banking transactions in the convenience of their neighbourhood.

The bank has achieved exceptional milestones in recent years by achieving rapid growth and currently holds over Rs. 100 billion in assets.