The launch of a Common Automated Teller Machines (ATM) Switch between all the commercial banks in Sri Lanka will encompass an advantage to all banks irrespective of their size whilst offering the much needed convenience to customers, an industry expert says. As the first step towards fulfilling this objective, the national
payment infrastructure provider LankaClear, last week launched the first
phase of the Common Card and Payment Switch (CCAPS), under the brand
name LankaPay – Common ATM Switch (LankaPay – CAS) between Sri Lanka’s
two large state-owned commercial banks, Bank of Ceylon and People’s
Bank. A compilation of all the articles written by Azhar Razak, a Business and Financial journalist based in Colombo, Sri Lanka. He can be contacted at bestazhar@gmail.com
Tuesday, August 6, 2013
Common ATMs, a win-win for all stakeholders
The launch of a Common Automated Teller Machines (ATM) Switch between all the commercial banks in Sri Lanka will encompass an advantage to all banks irrespective of their size whilst offering the much needed convenience to customers, an industry expert says. As the first step towards fulfilling this objective, the national
payment infrastructure provider LankaClear, last week launched the first
phase of the Common Card and Payment Switch (CCAPS), under the brand
name LankaPay – Common ATM Switch (LankaPay – CAS) between Sri Lanka’s
two large state-owned commercial banks, Bank of Ceylon and People’s
Bank. The Nation’s Azhar wins Business Journalist of the Year
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