NDB launches common ATM network
The NDB recently joined the LankaPay network, a common ATM service,
permitting customers to transact at a cost effective rate at over 1,700
ATMs islandwide. LankaPay permits customers of one bank to do
transactions using the ATM of another member bank at a nominal fee for
each cash withdrawal.
NDB and LankaClear officials exchange the agreement
The move will bring greater convenience and affordability to all NDB
customers as they avail of Sri Lanka's single largest common ATM service
that has already linked People's Bank, Bank of Ceylon, HNB, Seylan Bank
and Union Bank to the LankaPay common ATM switch.
The 'LankaPay' network is operated by LankaClear with the approval
and guidance of the Central Bank and is the first phase of the national
common payment network.
It is designed to become the backbone infrastructure for all future
electronic transactions, which will facilitate seamless connectivity
coupled with real time payments.
NDB's Chief Executive Officer Rajendra Theagarajah said, "We are
delighted to link with the LankaPay - common ATM service that will
benefit our customers and customers of other member banks with
integrated, efficient, secure and cost-effective ATM access. With this
move, NDB customers would no longer need to visit an NDB ATM for cash
withdrawals and balance inquiries.
"Clients can now access to their accounts at over 1,700 ATMs
islandwide including ATMs that belong to the Bank of Ceylon, People's
Bank, HNB, Seylan and Union Bank," he said.
"Seamless integration is the way forward for better convenience and
added value in the banking sector," Theagarajah said.