11 July 2022 09:45 am
Aligned to its strategy to extend the highest convenience and superior customer experience, Pan Asia Bank is the first bank in Sri Lanka to integrate with the LankaPay online payment platform common interface, through which its corporate clientele can now make payments to Sri Lanka Customs and to the Board of Investment (BOI) via Pan Asia Business Internet Banking.
Customers wishing to make payments to Sri Lanka Customs will no longer need to go through the hassle of visiting other bank branches and obtaining pay orders. Instead, by simply logging into the Pan Asia Business internet banking facility, they can now make their Sri Lanka Customs payments at a nominal and fixed transactional fee of Rs.50, irrespective of the value of the Sri Lanka Customs payment.
The system supports Sri Lanka Customs payments up to Rs.9 billion in value via a single transaction. This innovation offers a convenient, cost-effective and efficient option for taxpayers. The same system procedure will apply to payments done to the BOI for which customers can make payments up to Rs.50 million in value a single transaction.
Facilitated via LankaPay Common Electronic Fund Transfer Switch (CEFTS), these payments will be credited real-time 24X7x365. The system provides its participants with the required payment confirmation details on a real-time basis.