Lanka Clear

A World Beyond Cash

Bringing the best-of-breed solution to Sri Lanka’s national payment infrastructure, LankaClear as the
operator of Sri Lanka’s National Payment Network - LankaPay has been in the forefront in
revolutionizing the country’s banking and financial services sector by keeping the elements ‘innovation’
and advanced ‘technology’ at its core.

Grown by leaps and bounds since its incorporation in 2002, LankaClear’s quest is to empower every Sri
Lankan with faster, convenient, secure and affordable payment solutions thereby creating financially
inclusivity.

As the national payment network that functions under the guidance and supervision of the Central Bank
of Sri Lanka (CBSL), LankaClear is regarded one of the best Public Private Partnership (PPP) in the region.

The entity is owned by the Central Bank of Sri Lanka (CBSL) along with other licensed public and private
Commercial Banks operating in the island nation

Cheque Imaging & Truncation System (CITS)

(Inter Bank Clearance)
Overview
With the introduction of Cheque Imagine and Truncation System in 2006, LankaClear replaced
the previous time consuming and tedious physical cheque clearing system with an image based
cheque clearing system bringing down the clearing cycle to the next business day (T+ 1
clearing). With that Sri Lanka became the first in South Asia and second in the world to adopt
such an advanced cheque clearing system in the world.

With CITS, LankaClear turned around the previous process where the physical cheque needed
to be transported from place to place which took nearly 5 to 7 days for a cheque to be realized.

Member Banks
1. Amana Bank 11. Hatton National Bank 19. People's Bank
2. Axis Bank Ltd PLC 20. Public Bank Berhad
3. Bank of Ceylon 12. ICICI Bank Ltd 21. Sampath Bank PLC
4. Cargills Bank Ltd 13. Indian Bank 22. Seylan Bank PLC
5. Central Bank of Sri 14. Indian Overseas Bank 23. Standard Chartered
Lanka 15. MCB Bank Ltd Bank
6. Citibank N.A. 16. National Development 24. State Bank of India
7. Commercial Bank of Bank PLC 25. Hong Kong and
Ceylon PLC 17. Nations Trust Bank Shanghai Banking
8. Deutsche Bank AG PLC Corporation Ltd
9. DFCC Bank PLC 18. Pan Asia Banking 26. Union Bank of
10. Habib Bank Ltd Corporation PLC Colombo PLC
 FAQs
1. Why is there a single size for personal and corporate cheques within CITS?
With the implementation of the Cheque Imaging and Truncation System, all cheques are
transmitted by image, rendering the difference in size of cheque in material in the cheque
verification process.

2. Why do you then call it?

Collecting banks are no longer required to physically send cheques to LankaClear. Physical
Cheques are retained by the presenting bank and data and images are transmitted
electronically to the paying bank via LankaClear

3. Can I use rubber stamps for "account paye

To ensure that all elements of the cheque are captured during the scanning process do not
place stamps across the face of the cheque as the Payee, Cheque Amount and Signature must
be fully legible on the image as well.

4. What can I do if I misplace a cheque/ Representable Cheque Rerun Notification?

Contact your bank immediately and instruct them to stop payment.

5. How long does it take to realize a cheque?

From the time a cheque image reaches LankaClear from banks, it is processed within one
business day, so that that cheque could be realized on the next working day.

6. Can I write a cheque in my native language?

In Sri Lanka, cheques written in Sinhala, Tamil and English languages are considered valid.

7. What are the Dos and Don’ts related to cheques

a. Please do not write cheques with pencils

b. Do not fold the cheque
c. Do not write anything on the MICR line
d. Do not keep singed blank cheques
e. Please keep the cheque book in a safe place.
f. Always use the counterfoil to write the details of the cheque for later reference.
g. Carryout regular bank reconciliations to keep a proper track of the issued cheques

8. How can I get a certified image of a cheque?

Contact your bank immediately and request for a certified image from LankaClear

9. Is a certified image of a cheque accepted in a Court of Law?

Yes.

10. Can I draw a cheque for a value over Rs.100,000,000?

Except for government departments, state corporations, statutory bodies others can not draw
cheque value over Rs. 100,000,000
11. In what circumstances can a cheque be dishonored/returned?
A cheque can be returned due to multiple reasons. Below are the urn codes and the
corresponding reasons.

12. How do I issue a cheque to pay someone?

Write the full name of the payee as per payee's bank records on the 'Pay' line. Cross out the
'Bearer' word on the cheque and double cross on the top left corner of the cheque if it has to be
paid only to the said payee.

13. Can I present a torn or damaged Cheque Return Notification (CRN)?

No. You should ask the drawer for a new cheque.

14. What should I do if I have misplaced or lost CRN that can be presented?
CRN is a substitute of the dishonored cheque, you should treat a misplaced or lost CRN as if it
were a lost cheque. You should ask the drawer for a new cheque. Also drawer should also
place stop payment instructions for the lost cheque.

15. If a CRN that is presented and returned, will the same CRN be used again?
A new CRN will be issued for each return of the same cheque. Hence, if a CRN is presented
and subsequently returned, another CRN will be generated stating new return reason.

Sri Lanka Inter-bank Payment System (SLIPS)

(Same Day Fund Transfer)
Overview

Sri Lanka Inter-bank Payment System (SLIPS) is a same-day electronic fund transfer facility operated by
LankaClear. SLIPS is popularly used for periodic or bulk payments such as standing order, salaries, utility
bill payments etc and is found to be a popular payment option amongst corporate sector with payments
being processed electronically much efficiently with less manual work, and advanced security features
and audit trails.

Members
1. • Alliance Finance 10. • Commercial 19. • Indian Bank
Company PLC Leasing and 20. • Indian Overseas
2. • Amana Bank PLC Finance Bank
3. • Axis Bank 11. • Deutsche Bank 21. • Kanrich Finance
4. • Bank of Ceylon 12. • DFCC Bank PLC Limited
5. • Cargills Bank 13. • Habib Bank 22. • L B Finance PLC
Limited 14. • Hatton National 23. • Lanka Orix
6. • Central Finance Bank Finance PLC
PLC 15. • HDFC Bank 24. • Mercantile
7. • Citibank 16. • HNB Finance Investment and
8. • Citizen Limited Finance PLC
Development 17. • Hongkong & 25. • Merchant Bank of
Business Finance Shanghai Bank Sri Lanka &
PLC 18. • ICICI Bank Finance PLC
9. • Commercial Bank Limited
 26. • Muslim 32. • Peoples Bank 40. • Standard
Commercial Bank 33. • Public Bank Chartered Bank
27. • National 34. • Regional 41. • State Bank of
Development Bank Development Bank India
28. • National Savings 35. • Sampath Bank 42. • State Mortgage &
Bank 36. • Sanasa Investment Bank
29. • Nations Trust Development Bank 43. • Union Bank
Bank 37. • Senkadagala 44. • Vallibel Finance
30. • Pan Asia Banking Finance PLC PLC
Corporation PLC 38. • Seylan Bank
31. • People's Leasing 39. • Siyapatha finance
and Finance PLC PLC

Maximum Customer Charges

 • Internet Banking – Rs. 50/- per transaction (including taxes)
 • Mobile Banking – Rs. 50/- per transaction (including taxes)
 • Over the Counter – Rs. 100/- per transaction (including taxes)

Note – the above are the maximum customer charges as regulated by the Central Bank however this may vary bank to bank
subject to the maximum fees given above.

SLIPS Window Cutoff Times For Participating Banks

SLIPS participating banks have the option of transferring multiple data files for all the sessions.

Clearing Clearing Leg

Window Close Activity From To
Session Leg Open
Participating Banks/
Session 1 Outward 15:00 20:00 Submit Outward LankaClear
Financial institutes
09:00 (next Inward Data ready Participating Banks/
Inward 21:45 LankaClear
Working Day) to download Financial institutes
Participating Banks/
Session 2 Outward 9:00 11:00 Submit Outward LankaClear
Financial institutes
09:00 (next Inward Data ready Participating Banks/
Inward 12:30 LankaClear
Working Day) to download Financial institutes
Participating Banks/
Session 3 Outward 12:30 13:30 Submit Outward LankaClear
Financial institutes
09:00 (next Inward Data ready Participating Banks/
Inward 15:00 LankaClear
Working Day) to download Financial institute

Notes:

1. Outward submission window cut-off times can be extended maximum up to 15 minutes upon participants request and per
transaction late submission fee will be applicable.
2. On a half working day, only two sessions will be applicable and outward submission time of Session-1 (settlement on next
business day) will be 12:30:00 p.m. to 1:30:00 p.m.

Interbank Credit Card Payments

In view of protecting your card information as per PCI-DSS compliance standards, kindly note that inter
bank credit card payments are no longer accommodated via SLIPS. Alternatively you can use CEFTS,
which is a real-time payment option that provides you greater convenience.

Following are the banks and financial institutions that facilitate their accountholders to make credit card
payments via CEFTS and credit cards issuing banks that accepts credit card payments via CEFTS

Account Holding Banks and Financial Institutions that Credit Card issuing Banks that accepts
facilitates credit card payments via CEFTS credit card payments via CEFTS

Amana bank Bank of Ceylon

Axis bank Commercial Bank
Cargills bank Hatton National Bank
Commercial Bank National Development Bank
Commercial Leasing & Finance Nations Trust Bank
DFCC Bank Sampath Bank
Habib Bank Seylan Bank
Hatton National Bank (ATM only)
Lanka Orix Finance
MCB Bank
National Development Bank
National Savings Bank
Nations Trust Bank
Pan Asia Banking Corporation
Public Bank
Sampath Bank
Senkadagala Finance
Seylan Bank
Standard Chartered Bank

Note – If you are a credit cardholder of any other bank, please note that your bank has not still not
enabled credit card payments via CEFTS.

FAQs
1. What is the maximum value of a transaction that can be made via SLIPS?
Rs. 5,000,000
2. Can I transfer money to an account in a different bank via SLIPS in the same day?
LankaClear operates three clearing cycles for SLIPs daily, on all week days. If a payment
reaches LankaClear before 1.30 pm the transfer will reach the recipients account the same day.
Please speak to your bank for their cut off time for same day transfers

3. What are the type of payments that are generally made via SLIPS?
Salaries, utility bills payments, Sanding orders and peer to peer found transfers

4. Can I make a value dated transfer with SLIPS?

Yes. You can make a value dated transaction up to 14 Business days via SLIPS.

5. Can I make debit transfer via SLIPS?

Yes. By providing consent to a direct debit application form by the merchant, you can allow the
merchant to deduct up to a predefined amount from your account on a specific day of the month
via SLIPS.

Common ATM Switch (CAS)

(Inter Bank ATM Transactions)
Overview

The Common ATM Switch was launched in 2013, as the first phase of the Common Card & Payment
Switch (CCAPS) under the brand name LankaPay. Over the years, the network has grown to connect
99.95% of all ATMS in the county with 24 * 7 * 365 opration, enabling customers to use literally any
ATM in the country, at their convenience. With LankaPay Common ATM Switch customers can now use
any ATM to withdraw money and check account balance at an affordable cost.

Member Banks And 10. Hatton National 20. People’s Bank

Financial Institutions Bank PLC
21. Public Bank Berhad
1. Amana Bank 11. HDFC Bank of Sri
Lanka 22. Regional
2. Axis Bank Ltd Development Bank
12. HSBC Ltd.
3. Bank of Ceylon 23. Sampath Bank PLC
13. ICICI Bank
4. Bimputh Finance 24. Sarrodaya
14. Indian Bank Development
5. Cargills Bank Ltd Finance PLC
15. MCB Bank Ltd
6. Commercial Bank of 25. Seylan Bank PLC
Ceylon PLC 16. National Savings
Bank 26. Standard Chartered
7. Commercial Credit & Bank
Finance PLC 17. Nations Trust Bank
PLC 27. State Bank of India
8. DFCC Bank PLC
18. NDB Bank PLC 28. Union Bank of
9. Habib Bank Ltd Colombo PLC
19. Pan Asia Banking
Corporation PLC
Maximum Customer Charges

 Cash withdrawal – Rs. 30/= (including taxes)

 Balance inquiry - Rs 7.50/= (including taxes)

Note – the above are the maximum customer charges as regulated by the Central Bank whoever this
may vary bank to bank subject to the maximum fees given above.

FAQs

1. Does LankaPay has its own ATMs?

No. LankaPay as Sri Lanka’s National Payment Network connects all ATMs of its member banks and
financial institutions therefore, any customer of a member banks can use any ATM which is connected
to LankaPay network. Currently LankaPay connects over 99.95% of all ATMs in the country.

2. How much does it cost me to use another bank ATM?

For cash withdrawal – Rs. 30/-
For balance inquiry – Rs. 7.50/-

3. What would I do if my card is held back at some other bank’s ATM?

Please call the hotline or visit your bank branch and inform them about the same. Then, your bank will
either issue a new card or do the needful to get you the existing card which was held back.

4. What do I do if my card was PIN blocked due to entering an incorrect PIN number more than
thrice?
Talk to your bank hotline to activate the same.

5. What do I do if I lost my ATM card?

Please contact your bank hotline urgently and instruct the card to be deactivated immediately.

6. What is the maximum amount that I can withdraw from another bank’s ATM?
This amount varies from bank to bank.

Common Electronic Fund Transfer Switch (CEFTS)

(Real Time Fund Transfer)

Overview

LankaPay CEFTS real-time fund transfer switch is yet another revolutionary move by LankaClear where
customers can now carry out domestic interbank fund transfers upto Rs.5 Mn real-time at their
convenience.
This revolutionary payment product has enabled any peer to peer or corporate payments between any
LankaPay CEFTS member bank or financial institution, real time 24 x 7 x 365 days. Customers can avail
themselves of this service by simply logging into their internet banking, mobile banking portal or via
ATM and over the counter.

LankaPay CEFTS member banks and the channels via which customers can make a CEFTS transaction are
as follows.

Member Bank / Financial Institute Internet Banking Over the Counter ATM Mobile Banking

1. Amana Bank PLC

2. Axis Bank

3. Bank of Ceylon

4. Bimputh Finance PLC

5. LOLC Development Finance

PLC

6. Cargills Bank Ltd

7. Citizens Development
Business Finance PLC

8. Central Finance PLC

9. Citibank

10. Commercial Bank of Ceylon

PLC

11. Commercial Leasing and

Finance PLC

12. Deutsche Bank AG

13. DFCC Bank

14. Habib Bank Ltd

15. Hatton National Bank PLC

16. HNB Finance

17. HDFC Bank

18. HSBC Ltd

19. ICICI Bank

20. Indian Bank

21. Indian Overseas Bank

22. Lanka Orix Leasing Company

23. LB Finance PLC

24. LOLC Finance

25. MCB Bank

26. Nations Trust Bank

27. National Development Bank

PLC
 Member Bank / Financial Institute Internet Banking Over the Counter ATM Mobile Banking

28. National Serving bank PLC

29. Pan Asia Banking Corporation

30. People’s Bank

31. Public Bank Berhard

32. Regional Development Bank

33. Sampath Bank PLC

34. Sansa Development Bank

35. Senkadagala Finance

36. Seylan Bank PLC

37. Standard Chartered Bank

38. State Bank of India

39. Union Bank of colombo PLC

Maximum Customer Charges

 Internet Banking – Rs. 50/- per transaction (including taxes)

 Mobile Banking – Rs. 50/- per transaction (including taxes)

 Over the Counter – Rs. 100/- per transaction (including taxes)

 ATM – Rs. 50/ - per transaction (including taxes)

Note – the above are the maximum customer charges as regulated by the Central Bank however this
may vary bank to bank subject to the maximum fees given above.

FAQs

1. Is CEFTS a payment gateway?

No. CEFTS is a real-time interbank fund transferring method

2. Is CEFTS a safe mode for transferring money?

Yes. CEFTS is operated under the guidance and supervision of the Central Bank of Sri Lanka under
LankaPay network. All LankaPay products complied with PCI-DSS version 3.2 security standard – which is
the highest internationally accepted security standard for payment card industry. All member banks that
are connected to LankaPay network are also financials institutions regulated by the Central Bank.

3. Is it “Real”time?
Yes

4. Can I make CEFTS transfers 24x7x365 days?

Yes

5. What are the other terms used for CEFTS?

Different member banks use Real-time Fund Transfer, Instant Fund Transfer in synonymous with CEFTS.
6. What is the maximum amount that I can transfer via CEFTS?
We have facilitated fund transfers upto Rs.5,000,000 via CEFTS. However this limit defers bank to bank.
Therefore please contact your bank for more information

JustPay
(Real Time Mobile Payments)

Overview

JustPay is one of the breakthrough payment products of LankaPay that allows customers to make retail
payments upto Rs. 10,000 in value using smart mobile devices by transferring funds from their current
or savings account to the merchant’s account directly. With a slab based, extremely low tariff scheme,
JustPay provides a convenient, secure and affordable option for retail payments which are primarily
made by cash and cards.

JustPay is initiative that is aptly supported by the Central Bank and aims to convert over 95% of the retail
transactions that currently made via cash into electronic modes.

How Can You Make Payments Via JustPay

If you are a customer of any JustPay Issuer Bank, all you need to do is register once with your
bank details on any of the JustPay enabled payment apps and select JustPay every time you need
to make a payment.
JustPay Enabled Apps

you can simply register with the following apps with your bank account details and enjoy the
convenience of being able to pay via your mobile conveniently and securely.

Make sure that you have registered for sms alert for banking transactions with your bank in order to
facilitate your registration with JustPay.

 iPay  Dialog Genie

 UPay  eZCash

 DirectPay  mCash

 OrelPay  Sampath Pay App

 FriMi
 JustPay Issuer Banks

Currently, customers of following banks and financial institutions can now JustPay

 LOLC Finance PLC

 Commercial Leasing and Finance PLC

 Cargills Bank Ltd

 Sampath Bank PLC

 Nations Trust Bank

 Commercial Bank

 Bank of Ceylon

 People’s Bank

 Hatton National Bank PLC

Why JustPay?
 • It is convenient
o With one time registration, you can simply make your daily retail payments using your Smart mobile phone
and go cashless.
o Make single-click transactions
o No need to have cash with you or even carry your wallet
 • It is secure
o JustPay network is PCI-DSS certified ensuring world-class security
o Communications via JustPay apps are digitally signed and encrypted using digital certificates to ensure
confidentiality
o All JustPay aps adhere to Central Bank specified Security Standards for mobile applications to ensure
highest security
o All JustPay apps have been approved by the Central Bank
o Each JustPay app is associated with an institution that is governed and regulated by the Central Bank
o The system has an inbuilt dispute resolution system to handle any transaction dispute
 • Its affordable
o With an extremely low slab based transaction fee structure, you can transact with minimal fees for added
convenience and security.

 Maximum Customer Charges

Value of the Transaction Maximum Customer Fee
Upto Rs. 50 Rs. 0.75
Rs. 50 – Rs.100 Rs. 1.00
Rs. 100 – Rs. 250 Rs. 1.50
Rs. 250 – Rs. 1000 Rs. 1.80
Value of the Transaction Maximum Customer Fee
Rs. 1000 – Rs. 2000 Rs. 3.90
Rs. 2000 – Rs. 4000 Rs. 7.80
Rs. 4000 – Rs. 6000 Rs. 11.40
Rs. 6000 – Rs. 8000 Rs. 15
Rs. 8000 – Rs. 10000 Rs. 18

 Note – The above are the maximum customer fees as regulated by the Central Bank, however this may vary based on the mobile application subject to the
maximum fees given above.

FAQs

1. Is JustPay an app or a payment gateway?

No. JustPay is a mode of making retail payments by transferring money directly from your account to the merchant’s
account?

2. What do I do if I am to use JustPay?

Simply download any JustPay enabled mobile payment application, register with your bank details one time. Thereafter,
every time you want to make a payment simply select JustPay.

3. Will it be safe for me to save my bank account details with a mobile payment application?
All mobile payment applications, banks and financial institutions that are connected to JustPay are regulated by the
Central Bank. When you register for JustPay with any mobile payment application, your bank account details are saved
with the merchant’s bank/financial institution. There are a number of security measures taken to ensure that your bank
details are secure.

4. What are the do’s and don’t of using JustPay?

 Do not share your phone password with anyone

 Always have a complex password for your phone

 Do not share your JustPay password with anyone

 If you change your mobile phone or your bank account, you will be required to re-register for JustPay

 Register for sms notification service with your bank, so that you will be notified every time you make a JustPay
transaction

5. Do I have to register with every mobile payment application that I use for JustPay?
Yes

6. What if I make an error in making a payment via JustPay?

There is an inbuilt despite resolution system for JustPay, same as with debit and credit cards. If you make an error in
making a JustpPay payment, please inform your bank in writing of the same.
 LankaSign Digital Certification Service
(Digital Certificates)

Overview

Though advance technology brings about many advantages to financial institutions and its customers, it also brings in
great risks of information security and electronic fraud. Therefore as the use of electronic payments (e-payments)
increases, the need for advanced IT security infrastructure becomes critical in order to prevent the risks associated with
information security and unauthorized access.

Authentication is a critical issue for users of electronic commerce. Banks must have confidence in the authenticity and
the integrity of an electronic transaction received from another bank. This can be achieved through the use of Digital
Signatures. Digital Signatures are aimed at achieving a higher level of trust where physical signatures are not possible.
Digital signing helps the recipient of the electronic transaction to know with certainty that it was originated by the party
who claims who they are and that no changes have been made after the transaction has been signed.

Responding proactively to this rising need, the Central Bank of Sri Lanka requested LankaClear to be the financial sector
Certification Service Provider (CSP). Accordingly, LankaClear launched Sri Lanka's first Certification Authority under the
brand name LankaSign in accordance with the Electronic Transaction Act, No.19 of 2006 on May-22-2009.

LankaSign in its first phase provided digital certificates to Banks to be used in financial transaction clearing systems, such
as SLIPS and CITS. In 2011 LankaSign launched its second phase by providing digital certificates for all financial sector
enterprise applications, SSL Certificates and End Users (E-mail/Document signing) Certificates on both private and public
networks. LankaSign provided a much affordable option to the country’s financial sector and has helped in automating
documentation work which was previously done manually.

In catering to the growing needs, LankaSign recently introduced the facility of issuing digital certificates in real-time for
mobile based payment applications for digitally signing and authenticating electronic documents. Aligning with the
Electronic Transaction Act, No.19 of 2006, LankaSign follows a stringent process for validating the certificate users and
their respective organizations before issuing a digital certificate. Due to its high security standards, LankaSign was able
to obtain certification on ISO 27001:2013 for its Information Security Management System in the year 2015.

Member Banks And Financial Institutions

 44 banking and financial sector organizations for clearing systems operated by LankaClear

 Central Bank of Sri Lanka for CITS Online and SLIPS systems

 Over 100 export oriented organizations under the solutions given to Ceylon Chamber of Commerce & National
Chamber of Exporters for digitizing the documentation process

 Central Depository System (CDS) for digitizing its settlement schedules

 Sri Lanka Interbank US Dollar On-line Payment System
(Domestic USD Fund Transfer)
Overview

Sri Lanka Interbank US Dollar On-line Payment System is yet another payment product of LankaClear aimed at reducing
the foreign exchange outflow being transaction processing fees.

Prior to the introduction of USD Online Clearing System, any domestic interbank US dollar transfer needed to be
convened via a NOSTRO account of the corresponding bank in New York. With the introduction of Sri Lanka Interbank US
Dollar On-line Payment facility, the domestic USD transactions can now be routed locally, hence the transaction
processing fees have come down drastically.

The online clearing facility is much faster and convenient option to USD drafts and Cheques, of which the clearing
process too is handled by LankaClear.

Sri Lanka Interbank US Dollar Payment System offer following benefits to banks and its customers.

 Lower per transaction cost for Banks and Customer

 Significant reduction of correspondent bank charges result in curtailing foreign exchange flowing out of Sri Lanka

 Enhanced turnaround time(TAT) and prompt in-time zone settlement

 Greater Convenience to Banks

 Increase greater efficiency in small value commercial transactions

 Less Administrative hassle for banks

Member Banks
 Amana bank PLC  Habib Bank Ltd  Pan Asia Banking Corporation
 Bank of Ceylon  hatton national bank PLC PLC
 Cargills bank Ltd  ICICI Bank  Public Bank
 Commercial Bank of Ceylon  Indian Bank  Samapth Bank PLC
PLC  Indian Overseas Bank  Seylan Bank PLC
Clearing Cycle And Cut Off Times

 Session 1 - 6.00 pm

 Session 2 - 12.00 noon

Note
The above are the cut off times for member banks & financial institutes.
 National Card Scheme (NCS)

Overview

LankaClear (Private) Limited (LankaClear and JCB International Co., Ltd. (JCBI), have entered into a strategic partnership
for the establishment of the National Card Scheme (NCS) under the direction and supervision of the Central Bank of Sri
Lanka.

Under the NCS program, domestic banks and financial institutions can choose to issue LankaPay-JCB co-branded debit
cards. LankaPay-JCB co-branded cards will be accepted across LankaPay payment network (ATM and POSs) locally and
across JCB international network globally, especially providing a lower cost card acceptance in the Asian countries.

In addition, the strategic partnership would also facilitate the acceptance of international JCB and partner network cards
at ATMs and merchants who are on LankaPay network.

LankaClear (Private) Limited (LankaClear and JCB International Co., Ltd. (JCBI), have entered into a strategic partnership
for the establishment of the National Card Scheme (NCS) under the direction and supervision of the Central Bank of Sri
Lanka.

Under the NCS program, domestic banks and financial institutions can choose to issue LankaPay-JCB co-branded debit
cards. LankaPay-JCB co-branded cards will be accepted across LankaPay payment network (ATM and POSs) locally and
across JCB international network globally, especially providing a lower cost card acceptance in the Asian countries.

In addition, the strategic partnership would also facilitate the acceptance of international JCB and partner network cards
at ATMs and merchants who are on LankaPay network.

In addition, the strategic partnership would also facilitate the acceptance of international JCB and partner network cards
at ATMs and merchants who are on LankaPay network. This would undoubtedly be welcomed by tourists visiting Sri
Lanka.

JCB has entered into a strategic partnership with our neighbour, India and has commenced issuing co-brand RuPay JCB
cards in India. Hence, both Sri Lankan co branded card holders touring India and Indian co-branded card holders touring
Sri Lanka will be benefitted by this added convenience of using their debit and credit cards securely cross-border

Why LankaPay-JCB Co-branded Payment Card?

 Lower transaction cost to cardholders

  Lower Merchant Discount Rates (MDR) for merchants

 Lower fee structures for card issuing banks and financial institutions

 Contact and Contactless EMV chip cards backed by world class Japanese technology and processes

 Multi-purpose payment card which can also be used as a transport card.

 A national initiative, implemented under the supervision of the Central Bank to cater for domestic requirements
with lower fees and charges. Hence banks can develop electronic card product options to cater for under-
banked and unbanked population of Sri Lanka

 Help save valuable foreign exchange paid to International Payment Card scheme

Advantages Of LankaPay-JCB Co-Branded Card

LankaPay-JCB co-branded payment cards will provide following benefits to card issuing institutions, in turn such benefits
passed on to the respective card holders, the public:

 Lower cost

 Affordability

 Provide electronic product options to underbanked and unbanked customers

Features Of The LankaPay/JCB Co-Branded Card

 Contact and Contactless card

 Complimentary Lounge Access Program – International

 Can also be used as a transit card as transit payment facilities are rolled out.

FinCSIRT
(Financial Sector Security)

Overview

Finance Sector Computer Security Incident Response Team (FINCSIRT) is a specialized service unit that is responsible for
receiving, reviewing, processing and responding to computer security alerts and incidents affecting the Banks and other
Licensed Financial Institutions in the country while being the enabler for the information security efforts in the sector
and its members.

FINCSIRT is a joint initiative of the Central Bank of Sri Lanka, the Sri Lanka Computer Emergency Response Team (Sri
Lanka CERT) and Sri Lankan Bankers Association; and is hosted under LankaClear (Private) Limited, the national payment
infrastructure provider.

FINCSIRT is established as a centralized body (Not-for-Profit Organization) to coordinate security efforts within the
financial sector, and as an entity steered and funded by the Banks, will have the prime responsibility and accountability
towards them.
FINCSIRT Services

 Core Services

o Incident Handling

o Intelligence Sharing

o Awareness

 Information Security Operation Centre Services

o Online Monitoring System (OMS) Module

o External Security Review (ESR)

o File Integrity Monitoring System (FIMS) Module

o Log Analyzing System (LAS) Module

 Value Added Services

o Financial Sector Security Operation Center (FSOC)

o Financial Sector Threat Intelligence Platform (FTIP)

o Malware Lab

o Research Lab

o InfoSec Readiness Assessments

o InfoSec Consultancy and Product Reviews

o Institutional Mini SOC Deployment

 Sectoral Service

o Point of Contact (POC) Forum

o Baseline Security Standards (BSS) Review

o Mobile BSS

o Steering Committee

o Conduct Cyber War Games

 Member Banks And Financial Institutions
 Amana Bank Limited  LOLC Finance PLC
 Asia Asset Finance  MCB Bank Limited
 Bank of Ceylon  Merchant Bank of Sri Lanka & Finance PLC
 Bimputh Finance PLC  National Development Bank
 Capital Alliance Holdings  National Savings Bank
 Cargills Bank  Nations Trust Bank PLC
 Central Finance Company PLC  Pan Asia Bank
 CitiBank  People's Bank
 Colombo Trust Finance PLC  Pradeshiya Sanwardhana Bank
 Commercial Bank of Ceylon PLC  Public Bank Berhad
 Deutsche Bank AG  Sampath Bank
 DFCC Bank PLC  Sanasa Development Bank PLC
 Habib Bank Limited  Seylan Bank PLC
 Hatton National Bank PLC  Singer Finance (Lanka) PLC
 HDFC Bank  Siyapatha Finance PLC
 HNB Grameen Finance Limited  Softlogic Finance
 HSBC  Sri Lanka Savings Bank
 ICICI Bank  Standard Chartered Bank
 Indian Overseas Bank  State Bank of India
 L B Finance (Pvt) Ltd  Union Bank of Colombo PLC
 Lankaputhra Development Bank Ltd  Valible Finance

SAS/CMS

LankaPay Card Management System and Shared ATM Switch

Overview

In our quest to promote electronic payments in the country thereby empowering every Sri Lankan with faster,
convenient, security and affordable access to banking services; as the National Payment Network of the country,
LankaPay is committed to assisting all banks & non-banking financial institutions to connect with the National Switch in
all possible domains, thus permeating the benefits of electronic payments to every segment of our society.

The LankaPay Shared ATM Switch was launched in 2015, having identified the need of those banks and NBFIs, who
contemplate on offering their customers with the convenience of accessing their account via an ATM network, yet
having the financial and operational constraints in investing in their own ATM network or Card Management System
(CMS). LankaPay Shared ATM Switch provides a cost effective solution to their needs by providing a common
infrastructure that connects over 99.5% of all ATMs in the country, enabling customers of any bank/NBFI the
convenience of withdrawing cash or checking their account balance from over 4000+ ATMs island wide, for a fraction of
the cost of investing in their own ATM network or Card Management System (CMS), with minimum operational hassle.

Member Banks And Financial Institutions

 Regional Development Bank

 Sarvodaya Development Finance

 LankaPay Online Payment Platform (LPOPP)
Overview

Launched in 2017 under the direction of the Central Bank, this online payment platform facilitate customers to make
online payments to organizations that are connected to LPOP by transferring money directly from their current or
savings account to their respective organizations’ account.

Accordingly customers can now directly connect to their respective bank via any channel connected to CEFTS (Internet,
Mobile, ATM or Over the Counter) to make the required payment online. Facilitated via LankaPay Common Electronic
Fund Transfer Switch, these payments will be credited on a real-time on 24 X 7 x 365 basis. LPOPP system provides its
participants with the required payment confirmation details on a real-time basis while the relevant reports and other
information are provided agreed upon mutually for reconciliation purposes.

The first institution to go live with LPOP was Sri Lanka Customs with the Customs Online Payment Platform. Due to the
new automated payment system, customers can now make payments to Sri Lanka Customs Online conveniently and
securely at a flat transactional fee of Rs. 250/- irrespective of the value of the transaction.

The following banks are now connected to LPOP and customers of those banks can make payments to Sri Lanka Customs
online via Customs Online Payment Platform.

 Amana Bank

 Bank of ceylon

 Cargills Bank

 Commercial Bank

 Hatton National Bank

 Nations Trust Bank

 NDB

 Peoples bank

 Public Bank

 Sampath Bank

 Seylan Bank

LankaClear is now in discussion to implement this system at several other similar institutions which will no doubt help
provide an efficient service to the public.