Kanrich Finance connects with LankaPay’s National Electronic Fund Transfer Network

Friday, 3 July 2015 00:29 - - {{hitsCtrl.values.hits}}

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LankaClear DGM IT and Operations Harsha Wanigatunga exchanges the LankaPay SLIPS agreement with, Kanrich Finance GM – Marketing Eranda Amal Godage as Kanrich Finance Chief Manager IT Ravi Joseph, Kanrich Finance Manager Finance Chathura Kumarapperuma, LankaClear Senior Manager Help Desk and Bank Services Isuru Jayawera and LankaClear Manager Electronic Fund Transfer Delan Wimalaratne look on

Kanrich customers now enjoy same day fund transfers within banks and finance institutions in the country. Kanrich Finance, one of the country’s most progressive financial services providers with a special focus on micro financing, is the latest member to join Sri Lanka Interbank Payment System (SLIPS).

Customers transacting at all 44 Kanrich finance branches/centres island wide can now effect same day transfer of funds to every single personal and corporate account in the country through the LankaPay SLIPS Electronic Fund Transfer Network. Customers can transfer up to Rs. 5 million per transaction, and the advent of Kanrich Finance to LankaPay SLIPS also enables the company to extend an innovative new range of technology-based services to its fast growing customer base.

“Kanrich believes in forging the closest of ties with customers and stakeholders as a key facet of its business approach, thereby giving life to its tagline ‘Relationships without Borders’,” said S.H. Piyasiri, Chairman/Director of Kanrich Finance.

“Our goal is to build a unique financial powerhouse that is superior in every way to serve the biggest corporate and high net worth individuals in the country and at the same time simple enough to give the same time and service to the poorest sections of our society. Thus, we strongly believe that the inclusive payment technology services offered by LankaPay does support us in achieving our business goals in reaching out to all segments of our society.”

LankaPay SLIPS Electronic Fund Transfer services can be accessed island wide at over 3,000 branch locations of 39 member institutions which comprise of 26 commercial banks, five specialized banks and eight NBFIs, and is accessible from any part of the country.

Commenting on the partnership, LankaClear Chief Executive Officer and General Manager Sunimal Weerasooriya states: “Kanrich brings in a new segment of customers to the LankaPay network as the company has extensive reach and penetration at the bottom of the pyramid, through its microfinance business. The value and success of our national payment infrastructure lies in the empowerment and enrichment created across all segments of our society and this partnership has helped us penetrate further creating more value on the network. We will continue to support the banking and finance sector with our innovative and inclusive payment solutions forging towards a cashless Sri Lanka.”