Central Finance connects to LankaPay

Central Finance Company PLC (CF), joined the Sri Lanka Interbank Payment System (SLIPS) operated by LankaClear (Pvt) Ltd enabling customers to enjoy greater service and convenience.

With the advent of CF to the LankaPay SLIPS electronic fund transfer network, customers can obtain same day fund transfers up to Rs. 5 million per transaction.

The LankaPay SLIPS network will empower CF to offer a host of other new payment related services that could be tailor-made to suit customer needs.

The LankaPay SLIPS network connects over 3,000 branches of all member institutions scattered islandwide and envisages moving into real-time fund transfers in the near future.

The banking and financial sector has gained significant advantage through the network and corporates and people alike have used the services to add value to their business and enhance the ease of transacting.

"LankaPay is changing the way Sri Lanka does business.

"This partnership will not only empower the urban community, but also reach all parts and segments of the country for financial inclusion," said Chief Executive Officer and General Manager, LankaClear, Sunimal Weerasooriya.

"Affordability, speed and secure access are essential in getting consumers to embrace the payment technology," he said.

"Central Finance stands for the highest levels of integrity, flexibility and innovation - which are reflected in our strength and reach to customers and business partners," said.Managing Director, Central Finance, Eranjith Wijenaike.