NDB promotes LankaQR in Colombo together with CBSL

Friday, 29 January 2021 00:00 - - {{hitsCtrl.values.hits}}

NDB Bank recently assisted the Central Bank of Sri Lanka in its launch of ‘LankaQR’ in Colombo. The ceremony took place at the Waters Edge Boardwalk with the attendance of State Minister of Money and Capital Market and State Enterprise Reforms Minister Ajith Nivard Cabraal, Central Bank of Sri Lanka Deputy Governor Yvette Fernando and Central Bank of Sri Lanka Director, Payments and Settlements Department D. Kumaratunga.

LankaQR Code is a method in which all Sri Lankans will be encouraged to move towards cash-less and a digitally savvy society and will also increase financial inclusion in Sri Lanka.

Developed by the Central Bank of Sri Lanka, LankaQR is an integrated payment system that was launched in the very recent past at Matale. This recent event was the beginning of an endeavor to take this to every town in Sri Lanka.

The bank is instrumental in promoting the CBSL LankaQR payment method via the bank’s own QR payment method, NEOS Pay. Customers can make payments to merchants, pay bills and perform a host of other transactions via the same platform.

Since NEOS Pay is linked to the LankaClear JustPay platform, customers can simply use their other bank account details to register for NEOS Pay. Upon registering customers will be able to avail the QR payment facility to settle merchant payments as well as bill payments with ease and convenience. Customers can add accounts of any other bank linked to the JustPay system onto NEOS Pay.

This QR payment method will allow the customer to avoid using cash, and instead, make payments or pay bills via their NEOS App – powered by NDB, from their NDB Bank account or their other bank accounts registered with NEOS. The user does not need to have an account at NDB to use this facility, as NEOS Pay delivers a one stop payment app for all bank customers.

NDB Bank named the ‘Bank of the Year Sri Lanka 2020’ by the Banker Magazine UK, is the fourth largest listed bank in Sri Lanka and the parent company of the NDB Group. The only financial services conglomerate in Sri Lanka, NDB Group is uniquely positioned towards assisting the growth and development of the Sri Lankan capital market to provide its customers seamless access to the product and service offerings of all its group companies.