People’s Bank becomes the first bank to be an issuer and an acquirer of LankaPay national card scheme

People’s Bank Joined 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 LankaClearGM/ CEO Channa De Silva at 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 Consultant to JCB International for Sri Lanka, Lakshman Liyanage were present at the event of signing the agreement.

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 the largest banking foot print comprised of 741 branches and service centers islandwide.

The Bank also possesses country’s largest customer base of more than 14 million. Established under the 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.