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The General Direction No 01 of 2018 as per the Monetary Board of the Central Bank of Sri Lanka under section 44 of the Payment and Settlement Systems Act No 28 of 2005 came into immediate effect as of 25 July 2018 implies to the operations of the Common Electronic Fund Transfer Switch, Lanka Clear (Pvt) Ltd and members of CEFTS. [8]
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 ...
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.
Online bill pay is an electronic payment service offered by many banks, credit unions and bill-pay services. It allows consumers to make various types of payments through a website or app, such as ...
The National Water Supply and Drainage Board (commonly abbreviated as NWSDB) is the National Organization responsible for the provision of safe drinking water and facilitating the provision of sanitation to the people in Sri Lanka. The organization had its beginning as a subdepartment under the Public Works Department for water supply and drainage.
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 ...
Sri Lanka’s parliament on Wednesday overwhelmingly approved an internet regulation bill that was highly criticized as a move to stifle speech in an election year while the Indian Ocean island ...
qvik [17] enables payment within Hungarian National Bank's Instant payment system (AFR) by scanning a QR code, approving a payment request, NFC-based touch or clicking on a deep link within a mobile application. In addition to offering the same fast and secure payment as credit card systems for both purchases and bill payments, qvik is free for ...