LankaPay processes over 1mn ATM transactions this Avurudu

24 April 2015 03:36 am - 0 - {{hitsCtrl.values.hits}}

A A A

Sri Lanka’s largest common ATM network – LankaPay –recorded a mammoth three-fold growth in ATM transaction volumes and four-fold growth in values within the first 15 days of the April Avurudu season.
The national payment network operator recorded over one million ATM transactions through the LankaPay switch to the value of over Rs.5 billion during the first 15 days of April 2015.
With Bank of Ceylon, People’s Bank, Seylan Bank, Hatton National Bank, Commercial Bank, NDB, NTB, Standard Chartered Bank, Union Bank and Cargills Bank connected on the LankaPay network, customers of all 10-member banks now enjoy ultimate convenience of withdrawing cash and checking account balances at over 2500 ATMs spread all over the country, without having to stand in queues or wasting time and money going in search of their own bank’s ATM.
Commenting on the progress of the LankaPay network, LankaClear GM/CEO Sunimal Weerasooriya said, “The numbers we are speaking of on the LankaPay network is special in the sense that every single ATM transaction recorded is a statement from the consumer that he or she has changed a lifelong habit of only using his or her own bank ATM to true affordable convenience.
We are certain that most of the seasonal shoppers would have enjoyed the convenience of our service, saving time and money during the busy festive season accessing their bank accounts at the nearest LankaPay member bank ATM. The transaction volumes through the network have been growing in leaps and bounds recording a mammoth average month-on-month growth rate since going live in July 2013.
The month-on-month growth rate during the six months ended March 31, 2015 was an impressive 7.8 percent. Just over 18 months into operations LankaPay has won the hearts and confidence of the Sri Lankan consumer and the banking community and this to us, is the most vital factor that will help us in successfully delivering our objectives as the national payment network operator in the country.”

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.

LankaPay processes over 1mn ATM transactions this Avurudu

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

New Visa procedure implemented

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

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

Ranil Wickremesinghe caravan moves on despite barking dogs

Former MP Palitha Thewarapperuma dies from electrocution

SL on alert on possible genocide allegations by Canada

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

SL took minimal steps to punish officials who committed human rights abuses: US report

Iranian President’s visit Sri Lanka withstands western pressure

25 tons of solid waste disposed along Sri Pada route

Temperature rises to ‘Caution’ level

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

Indian cricket manager indicted for Legend Cricket League match-fixing allegations