Central Banking

Central Bank of Sri Lanka launches national electronic payments system


The Central Bank of Sri Lanka (CBSL) yesterday launched a nationwide common platform for electronic payments aimed at "achieving cost-effectiveness in the national payment system" through the sharing of payment infrastructure in the country.

The Common Automated Teller Machine (ATM) Switch, which was set up by LankaClear, a national clearinghouse, after the CBSL Monetary Board gave the go-ahead in 2010, will initially offer an inter-linked service across 900 ATMs operated by Bank of Ceylon and P

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