People’s Bank moves ahead with more advanced ATM technology

People’s Bank Head of IT Sandalal  Edirisinghe, LankaClear General Manager/CEO Sunimal Weerasooriya and People’s Bank Chief Manager – IT Krishantha Gunarathna

People’s Bank introduced a new revolutionary ATM technology which will support the bank’s ambitious plan of owning the largest and best serving ATM network in the country.

The bank partnered with HP technology to increase the speed of transactions and provide a reliable and robust ATM network. This initiative is part of the bank’s commitment to serve not only its own customers but customers of the other banks who use People’s Bank ATMs connected via the LankaPay network of 2,650 ATMs. People’s Bank currently owns 500 ATMs across Sri Lanka, giving the bank the widest reach via unique locations across the country. 

Commenting on the effect of this initiative, People’s Bank Head of IT Sandalal Edirisinghe stated, “We have used the latest technology to customise our ATM network with the vision of transforming it into a highly secure, scalable and efficient customer servicing point.  We now process the infrastructure in place to serve our customers’ banking needs and strengthen our position as the undisputed market leader in the financial and banking services arena. We are proud to have achieved this milestone on our journey becoming a fully digitalised bank, once again proving to lead the way in the industry.” 

LankaClear General Manager/CEO SunimalWeerasooriya commenting on this initiative stated, “People’s Bank has indeed invested in a technology that will enhance its service fulfilment capabilities drastically for its vast customer base. This technology upgrade would further strengthen People’s Bank’s position as the largest acquirer in the LankaPay ATM Network and would no doubt help them achieve the goal of having the largest, most reliable and best serviced ATM network which will add value to all ATM users in the country. 

“Our partnership with People’s Bank has strengthened the single largest common ATM network in the country, which is LankaPay, bringing convenience and efficiency to the general public. This initiative facilitates us to secure and enhance the LankaPay network further as the Bank is now poised to take significant strides in digitalising its service offering, which will also add value to new payment systems like the LankaPay Common Electronic Fund Transfer Switch by providing real time fund transfer facilities through People’s Bank ATMs.”

Also commenting on this new approach, People’s Bank Chief Manager – IT Krishantha Gunarathna said, “Through this investment, People’s Bank is not only providing its customers with the most reliable ATM network, but also extending these benefits to the customers of other banks who are connected to the broadest ATM network linked through LankaPay, to meet their banking needs with greater convenience. Developed by HP, this technology enables us to double the serving capacity of daily transactions and offer all our ATM users, a seamless banking experience.”

People’s Bank Chairman Hemasiri Fernando stated, “It is essential that we invest in superior technology that is highly stable and secure as we embark on our journey to sustain the largest ATM network in the country, in collaboration with our valued partner, LankaPay. This investment further strengthens People’s Bank’s position as the most frequently used and most easily accessible ATM network in the country due its strategic positioning, touching all walks of life across the country.” 

Commenting on the new technology People’s Bank CEO/General Manager N. Vasantha Kumar stated, “This new technological advancement is a part of our long-term vision of empowering the aspiring people of the country by customising our banking solutions to best suit their evolving financial needs. Our widely spread customer base which is further broadened with our LankaPay partnership, will now have access to ATM services that ensure transactions are hassle-free and efficient. This is essentially what our strategic focus is over the next few years – to satisfy all modern banking needs of our valuable customers and become the leader in local digital banking arena.”

Since its inception 54 years ago, People’s Bank has opened its doors to customers across the country, from all walks of life, providing them with banking services that meet their unique needs and uplift their lives. The bank has been a long-standing institution that has always remained close to the country’s people and understood their pulse and needs. People’s Bank currently serves over 16 million customer relationships, through 737 branches and is also connected to a network of over 2,650 ATMs linked via the LankaPay network.