LankaPay


LankaPay national payment network of Sri Lanka which provides the central payment infrastructure to the country's financial sector. Established in April 1, 2002, the organization is owned by the Central Bank of Sri Lanka and all CBSL-licensed commercial banks in the country.

Shareholders

As at April 2025, below are the shareholders of LankaPay:
BankShareholding
Central Bank of Sri Lanka19.59%
Hatton National Bank14.52%
People's Bank13.94%
Bank of Ceylon13.86%
Sampath Bank13.11%
Seylan Bank6.6%
Commercial Bank of Ceylon6.56%
HSBC Sri Lanka1.31%
NDB Bank0.99%
Standard Chartered Bank0.99%
Nations Trust Bank0.98%
Deutsche Bank0.98%
Indian Bank0.66%
Indian Overseas Bank0.66%
MCB Bank0.66%
Pan Asia Bank0.66%
Citibank0.66%
DFCC Bank0.66%
Public Bank Berhad0.66%
Bank of China0.33%
Cargills Bank0.33%
Amana Bank0.33%
State Bank of India0.33%
Habib Bank Limited0.33%
Union Bank of Colombo0.33%

CITS

In May 2006, LankaPay launched the Cheque Imaging and Truncation System, a groundbreaking platform that facilitates the electronic presentment and clearance of cheque images. The introduction of CITS positioned Sri Lanka as the first country in South Asia and the second worldwide to implement such an advanced payment and settlement infrastructure, enabling nationwide cheque clearance on a T+1 basis where beneficiaries can encash a cheque on the next business day.
Operating under the provisions of the Payment and Settlement Systems Act No. 28 of 2005, which outlines procedures for automated cheque clearing, CITS revolutionized the traditional clearing process by transitioning from physical cheque handling to an image-based clearing mode. This significant development reduced the clearing cycle from three to five days to just one working day, primarily by eliminating the need for physical movement of the instruments. This has also enabled the banks to offer extended time for their customers to submit cheques, which has provided greater convenience to all banking customers.

SLIPS

The Sri Lanka Interbank Payment System is the largest account-to-account fund transfer network in Sri Lanka. Created by LankaClear, it enables member banks to carry out same-day transfers of up to Rs. 5 million, in a secure paperless process.

CCAPS

Launched under the brand name LankaPay in July 2013, the is the first phase of creating a more robust, efficient, and secure payment infrastructure for Sri Lanka. The Central Bank of Sri Lanka has since approved the CCAPS as Sri Lanka's "National Payment Switch".
CCAPS can be further divided into the following areas:
As per the Payments and Settlements Systems Circular No. 7 of 2015 issued by the Central Bank dated, all licensed banks in Sri Lanka should join the CAS, CEFTS, CPS, and CMobS networks by,,, and, respectively.

Common ATM Switch

The Common ATM Switch, is an interbank ATM network that allows participating banks to use each other's ATMs for free or at a minimal charge. The system was launched in July 2013 with BOC and People's Bank, with the first transaction carried out by the former governor of the Central Bank Ajith Nivard Cabraal, and deputy governor Ananda Silva. The aim of CAS is to create a single unified ATM network in Sri Lanka.
As at March 2016, twelve banks have joined the LankaPay CAS network, expanding the countrywide member ATMs to over 3,000 and making LankaPay the largest ATM network in the country. Member banks include BOC, Cargills Bank, Commercial Bank, HNB, Habib Bank, National Savings Bank, Nations Trust Bank, NDB, People's Bank, Regional Development Bank, Sampath Bank, Seylan Bank, Standard Chartered Bank and Union Bank.

Common Electronic Fund Transfer Switch

The Common Electronic Fund Transfer Switch for short is a fully automated paperless fund transfer system which allows instantaneous fund transfers between member banks.
Internet BankingMobile BankingATM ATM Over the Counter
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