People’s Bank becomes first bank to be issuer, acquirer of LankaPay National Card Scheme

People’s Bank joined the LankaPay National Card Scheme, becoming the first bank to be both an acquirer and an issuer of same.

The agreement to this partnership was exchanged between People’s Bank CEO/GM  Ranjith Kodituwakku and LankaClear GM/CEO Channa De Silva, at the People’s Bank head office, recently.

People’s Bank Senior Deputy General Manager Payment and Digital K.B. Rajapakse and Head of Cards Jayanath Dias, LankaClear DGM Finance Rasika Galappaththy and Manager Business Development Sashika Kaushalya and JCB International Consultant (for Sri Lanka) Lakshman Liyanage, were also present at the occasion of signing the agreement.

The LankaPay National Card Scheme is the domestic card scheme of Sri Lanka adhering to international standards, introduced under the guidance and approval of the Central Bank in partnership with JCB international - one of the six leading international card schemes, headquartered in Japan. People’s Bank is the country’s premiere licensed commercial bank with Sri Lanka’s largest banking footprint comprised of 741 branches and service centres islandwide. The bank also possesses the country’s largest customer base of more than 14.0 million. Established under People’s Bank Act No. 29 of 1961, the bank carries a national long-term rating of AA - (lka/ Stable) by Fitch Ratings Lanka Ltd.