16 October 2021 12:36 am Views - 434
Commercial Bank of Ceylon has become the first bank in Sri Lanka to link the Import and Export Control Department (IECD) to a digital platform with LankaPay, enabling customers to pay their licence fees to the department conveniently, without having to leave their desks.
To use this online payment option, the customers simply have to visit the ‘Billers’ section on the platform, select the desired biller and make the payment. Once the payment has been successfully completed, the customer can download a cyber receipt as payment confirmation.
“Technology-enabled access is now much more than just a matter of convenience, as the disruptions caused by the lockdowns necessitated by the pandemic have shown,” Commercial Bank Managing Director S. Renganathan observed.
“Using technology can be the difference between keeping a business alive or going belly-up. At Commercial Bank, we are exploring every possibility offered by technology to help our customers continue their business operations, come what may.”
Speaking of this partnership with Commercial Bank on facilitating online payments to the IECD, LankaClear Chairman Dr. Kenneth De Zilwa stated, “A digitally-enabled public sector is a key aspect of the national initiative to bring about an enabling environment for the private sector to move towards capturing global market share. This will also help Sri Lanka’s own Ease of Doing Business Index. Import-export function is a vital part of it, particularly in creating a conducive environment for business and trade. Having identified this need, LankaClear launched LankaPay Online Payment Platform (LPOPP) under the guidance of the Finance Ministry and Central Bank as a groundbreaking initiative towards digitalising government payments. Since then we have partnered with several government institutions and the IECD is the latest. I must applaud and commend Commercial Bank MD S. Renganathan and his dynamic team on their exemplary contribution towards making this initiative possible, in such a short period, by partnering us from the pilot stage, becoming the first bank to facilitate online payments to the IECD via the LankaPay network.”