Cargills Bank teams up with LankaPay network

Cargills Bank has joined Sri Lanka’s largest common ATM network, introducing another service which enables customers to enjoy islandwide access at over 2,500 ATMs connected on the LankaPay network.

Cargills Bank has taken an innovative step in offering all its customers upto four free cash withdrawals per month at any LankaPay member bank ATM. Cargills Bank is the latest addition to the LankaPay network which is already connected to the Bank of Ceylon, Commercial Bank, HNB, NDB, NTB, People’s Bank, Seylan Bank, Standard Chartered Bank and Union Bank.

The LankaPay network permits customers of one bank to transact using an ATM of another member bank.

The LankaPay network is operated by LankaClear with the approval and guidance of the Central Bank of Sri Lanka, and is the first phase of the Common Card and Payment Switch (CCAPS). The system is designed to become the backbone infrastructure for all future electronic transactions, which will facilitate seamless connectivity coupled with online real time payments.

LankaClear’s General Manager and CEO, Sunimal Weerasooriya said, “We commend the steps taken by the bank in providing free transactions on the LankaPay common ATM network to their customers.

We have seen similar progressive steps taken in other parts of the world and believe that affordability coupled with reach and simplicity are the three vital ingredients in the success of an inclusive national payment infrastructure."

"This will undoubtedly attract all Cargills Bank customers to make the best use of the service we offer and as the country’s largest common ATM service expands its reach, we look forward to offering even greater convenience and financial inclusion to all sectors of the Sri Lankan community,” he said.