ComBank offers instant fund transfers to other banks via CEFTS

12 January 2016 06:30 pm - 0 - {{hitsCtrl.values.hits}}

A A A

Commercial Bank of Ceylon (ComBank) has announced that for the first time in Sri Lanka, users of the bank’s Online Banking facility can now make instant, real-time transfers of funds from their Commercial Bank accounts to accounts in other banks, via the LankaPay - Common Electronic Fund Transfer Switch (CEFTS) launched by LankaClear (Pvt.) Ltd.

LankaPay - CEFTS is a cost-effective, convenient, integrated electronic payment system operated by LankaClear under the guidance and approval of the Central Bank of Sri Lanka. This system facilitates secure real-time payments 365x24, where the recipient will receive the funds within a fraction of a second.
Funds up to Rs.100,000 may be transferred at a time through this new feature accessible at www.combank.lk, significantly enhancing convenience to customers, the bank said.

“Commercial Bank has always been committed to providing the latest technology to enhance speed and convenience for customers,” the bank’s Assistant General Manager Information Technology Krishan Gamage said.

“CEFTS represents a new dimension in banking convenience and we are delighted to provide real-time inter-bank payments via Online Banking.”Commercial Bank is a leader in Sri Lanka’s banking sector for technology-enabled banking and payments and ‘anytime, anywhere’ customer banking. The bank’s ATM network is also the largest electronic cash dispensing facility owned by a single bank in the country.

Commercial Bank’s Online Banking service offers customers the ability to check balances of their current, savings, investment, loan and credit card accounts and to transfer funds between own accounts and to registered third parties who have Commercial Bank accounts, on a real-time basis round the clock. Users are also able to invest in treasury bills and effect payments for share trading, apply for fixed deposits, personal loans and housing loans using Online Banking.
The Online Banking service also supports bill payments to more than 36 entities in nine categories such as telephone, electricity, water, credit cards, insurance, Pay TV, schools and rates.

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Comments - 0

Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

ComBank offers instant fund transfers to other banks via CEFTS

Comments - 0

Add comment

RECOMMENDED

‘Spike in blast fishing’ poses renewed threats to Sri Lanka’s marine ecosystems

UDA owned land in Thalawathugoda; UDA Minister Prasanna Ranatunga under the spotlight for forceful occupation of reserved land

Loss-making SMIB faces political pressure in recovering loans

Baltimore Bridge Collapse: MV Dali, SL authorities anchored in mystery?

Has Sri Lanka become a potential hub for the illegal wildlife trade?

Spotlight on Moragahakanda Development Project Moragolla villagers lose livelihoods and down to one meal a day

Ambitious Sri Lankan jobseekers ‘trafficked into Ukraine war zones’

Most Viewed in News

Racing event tragedy leaves seven dead including eight-year-old child

Street food vendor arrested for verbally harassing foreigner

Two racing drivers arrested over Fox Hill tragedy

Former MP Palitha Thewarapperuma dies from electrocution

Ranil Wickremesinghe caravan moves on despite barking dogs

Sri Lankan among NASA’s new crew for next simulated Mars journey

MIRROR CRICKET

Is Chamari Athapaththu Sri Lanka’s greatest cricketer ever?

Athapaththu back atop ICC Women’s ODI Batting Rankings

Chamari Athapaththu sets big goal for T20 World Cup

How does CSK get best out of Pathirana?

TODAY'S HEADLINES

No footboard riding allowed, no liability for accidents: Railways Department

Six patients claim Rs.600 million from Keheliya and others for permanent loss of sight

SLPP, UNP initiates action for forming broad alliance

Here is the way!

Pakistan lose key players for last two T20Is against New Zealand

Sri Lanka secures third spot in South Asian Kurash Championship 2024

Athapaththu back atop ICC Women’s ODI Batting Rankings

Army forms committee to probe Diyatalawa Fox Hill Supercross accident