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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.
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 ...
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 ...
LankaClear (formerly National Cheque Clearing House) is the largest payments infrastructure provider in Sri Lanka. Established in February 2002, the organization is owned by the Central Bank of Sri Lanka (CBSL) and all CBSL-licensed commercial banks in the country. LankaClear is the operator of LankaPay, the country's largest interbank payment ...
On 14 October 2023, Narendra Modi announced that India and Sri Lanka are working on connecting UPI with Lanka Pay. [222] On 10 November 2023, the successful integration was shown by scanning LANKAQR with PhonePe. As per LankaPay CEO Channa de Silva, the integration will help Indian tourists pay in 450K+ locations in Sri Lanka. [223]
An Act to establish the Online Safety Commission; to provide safety from prohibited statements made online; to prevent the use of online accounts and inauthentic online accounts for prohibited purposes; to make provisions to identify and declare online locations used for prohibited purposes in Sri Lanka; to suppress the financing and other support of communication of prohibited statements and ...
Unawatuna is a coastal town in Galle district of Sri Lanka. Unawatuna is a major tourist attraction in Sri Lanka and known for its beach and corals. It is a suburb of Galle, about 5 kilometres (3.1 mi) southeast to the city center and approximately 108 kilometres (67 mi) south of Colombo. Unawatuna is situated at an elevation of 5 metres (16 ft ...
Sri Lanka-China relations started as soon as the People's Republic of China was formed in 1949. The two countries signed an important Rubber-Rice Pact in 1952. [247] Sri Lanka played a vital role at the Asian–African Conference in 1955, which was an important step in the crystallisation of the NAM. [248]