People’s Bank receives certification to acquire LANKAQR Payments

Tuesday, 13 October 2020 01:59 - - {{hitsCtrl.values.hits}}

People’s Bank recently received certification from the Central Bank of Sri Lanka (CBSL) to acquire LANKAQR Payments that aims to revolutionize the payments landscape in Sri Lanka. As a bank in the forefront of IT and innovation, People’s Bank’s digitalization drive has witnessed a number of ground-breaking digital initiatives being launched in the local market in the recent past.

As an extension of this approach, People’s Bank will deploy LANKAQR, a common Quick Response (QR) code standard, introduced and mandated to enable fast, secure and low-cost digital payments island-wide. Introduced by the CBSL, LANKAQR will ensure that Sri Lanka enters a new era of digital transactions. The official launch event, “Rata Puraama LANKAQR» was held at the CBSL premises, where the Governor of CBSL Deshamanya Prof. W.D. Lakshman presented a token of appreciation to People›s Bank Chief Information Officer Dhammika Dasa. CBSL Director of Payments and Settlements Dharmasri Kumaratunge and People’s Bank Chief Executive Officer/General Manager Ranjith Kodituwakku also were present at this occasion. Minister of Trade Bandula Gunawardana, State Minister of Money & Capital Market and State Enterprise Reforms Ajith Nivard Cabraal, State Ministers Shehan Semasinghe and Lasantha Alagiyawanna and Secretary to the Treasury S.R. Attygalle also participated in the event.