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The Sri Lanka Interbank Payment System, commonly known as SLIPS, is a LKR-only online interbank payment and fund transfer system in Sri Lanka. [1] [2]SLIPS is owned by LankaClear, an organization owned by the Central Bank of Sri Lanka and all Licensed Commercial Banks operating in Sri Lanka, with 47.19% of shares held by the CBSL and State owned commercial banks, and 52.81% by other private banks.
LANKAQR was launched to digitize the payment system in Sri Lanka, and is aimed at entrepreneurs and medium-sized enterprises . The payment system uses scannable QR code stickers, which are provided by LANKAQR's member organizations. The QR codes can be scanned using a proprietary app on a mobile device, which is provided by the user's financial ...
LankaPay has made rapid strides and mass transformation in facilitating robust, quick, and convenient ways of transferring funds through automated processes by initiating efficient payment systems in Sri Lanka through the launch of the Common Electronic Fund Transfer Switch, a real-time bank transfer procedure for payments to be processed ...
Taxation in Sri Lanka mainly includes excise duties, value added tax, income tax and tariffs. [1] Tax revenue is a primary constituent of the government's fiscal policy . The Government of Sri Lanka imposes taxes mainly of two types in the forms of direct taxes and indirect taxes.
Vallibel Finance is one of the LMD 100 companies in Sri Lanka. LMD 100 is an annual list of publicly traded companies in Sri Lanka by revenue. In 2022, Vallibel Finance was placed 78th on the list, a seven-position ranking slide from the previous year. [11] Vallibel Finance is also one of the 100 most valuable brands in Sri Lanka.
There are 41 Urban councils in Sri Lanka, which are the legislative bodies that preside over the second tier municipalities in the country. [ 1 ] [ 2 ] Introduced in 1987 through the 13th Amendment to the Constitution of Sri Lanka , Urban councils became a devolved subject under the Provincial Councils in the Local Government system of Sri ...
The Online Safety Bill, which passed with 108-62 votes, aims to “make provisions to prohibit online communication of certain statements of fact in Sri Lanka” and “prevent the use of online ...
There are 276 Pradeshiya Sabhas in Sri Lanka, which are the legislative bodies that preside over the third tier municipalities in the country. [1] Introduced in 1987 through the 13th Amendment to the Constitution of Sri Lanka , Pradeshiya Sabhas became a devolved subject under the Provincial Councils in the Local Government system of Sri Lanka ...