LankaClear signs contract with Just In Time Holdings

LankaClear Chairperson, Ms Priyantha Liyanage exchanging the contract agreement with Just In Time Holdings Head of Marketing, Kavinda Mahawedage.

LankaClear (Private) Limited, jointly owned by the Central Bank and Licensed Commercial Banks recently entered into a contract with Just In Time Holdings, for the implementation of the Common Card And Payment Switch (CCAPS), which will facilitate rapid economic activity through faster payments and facilitate the integration of future financial services. The Switch Application Software for this project would be provided by Fidelity Information Systems (FIS) of USA and the hardware would be supplied by IBM.

According to the road map of the National Payment Council (NPC) and the decisions taken by the NPC, LankaClear has been asked to establish the Common Card and Payment Switch (CCAPS) in Sri Lanka. The Monetary Board of the Central Bank has approved the CCAPS as the National Payment Switch.