FIS technology powers LankaPay, national payment network
The FIS technology deployed by the National Payment Network Operator
- LankaClear, has been fully supported by the Just In Time Group (JIT
Group), the local technology partner for FIS, and the first phase of the
National Payment Network, has given birth to Sri Lanka's largest common
ATM network connecting over 2,500 ATM's which accounts for over 80% of
the ATMs in the country.
FIS is a Fortune 500 company and the world leader in the financial
technology industry, which has been redefining secure financial
technology on a global level.
JIT Group, a systems integrator has partnered with FIS in supporting
the mission critical national infrastructure demands of LankaClear.
The JIT Group is a leading technology partner for a large number of
banks in the country, providing sophisticated, reliable and
technologically advanced ICT solutions.
The LankaPay common ATM network is operated by LankaClear with the
approval and guidance of the Central Bank and is the first phase of the
national payment network.
The network has been designed to become the backbone infrastructure
for all future electronic payments, which will facilitate seamless
connectivity coupled with real time payments.
In addition to driving affordable convenience to users it also offers
significant savings in foreign exchange to the country by virtue of
every 'LankaPay' transaction being channelled through a total domestic
DGM, IT and Operations, LankaClear, Harsha Wanigatunga said, "We are
happy to work with FIS a global leader in financial technology and the
JIT Group that brings in that vital local support we need in driving
this mission critical national payment infrastructure operations."
"LankaPay in its first phase has delivered considerable value to the
Sri Lankan ATM user by connecting member bank ATM networks at the
highest security standards, best operational excellence and
affordability," he said.
"LankaPay will be a game changer in the payments industry of Sri
Lanka by enabling online real-time payments and further, by local
processing of POS transactions in the near future," Wanigatunga said.
The technology provider to this project, FIS, having direct offices
in all continents, is a leading global provider of technology and
services to the financial services industry, serving more than 14,000
clients in over 110 countries.
The JIT Group, as the local strategic partner of FIS, has been
privileged to be a part of this ongoing project which is being used by a
majority of the banks in the country with a large outreach of ATMs for
the public, providing greater accessibility and flexibility and new
The FIS platform provides the foundation in building an integrated
electronic payment system of multiple domestic payment networks, which
LankaClear can use to enhance its service offerings while providing
greater benefit to the clients of member banks and financial
Over the years, the JIT Group has always been at the forefront of
introducing innovative technology, for the benefit of the public and the
country at large".
LankaClear (Pvt) Limited, one of the country's most successful
public-private partnerships, is Sri Lanka's national payment
The company is jointly owned by the Central Bank and all commercial
banks in the country.
LankaClear's product offering include the Cheque Imaging And
Truncation System (CITS), LankaPay - National Payment Network comprising
the Common ATM Service, SLIPS Electronic Money Transfer Service and
Real-Time Payments and security service offerings - LankaSign
Certification Authority and Bank CSIRT (Bank Computer Security Incident
The Just in Time Group, focuses in the areas of strategic ICT
solutions, core ERP and CRM solutions, systems integration services,
infrastructure solutions and strategic ICT investments, targeting the
banking and financial services industry, telecommunications, government,
defence and commercial vertical sectors.