Vallibel Finance joins Lankapay’s national electronic fund transfer network

Monday, 24 November 2014 00:09 - - {{hitsCtrl.values.hits}}

Vallibel Finance, one of the country’s most progressive financial solutions service providers, is the latest entrant to Sri Lanka’s Interbank Payment System (SLIPS) operated by Lankaclear Ltd. Customers transacting at all 23 Vallibel Finance branches islandwide can now affect 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 Vallibel Finance also enables the company to extend an innovative new range of technology-based services to itsfast growing customer base.

Lankaclear GM/CEO Sunimal Weerasooriya exchanges the Lankapay SLIPS agreement with Vallibel Finance Managing Director Jayantha Rangamuwa “Vallibel Finance has manifested itself as one of the most trusted and easily accessible financial institutions in Sri Lanka,” says its Managing Director Jayantha Rangamuwa. “Our philosophy from the outset has been to provide a broad range of services to all Sri Lankans with simplicity and ease. Having successfully driven transformation and serving as an enabler at all levels, our advent to the ‘Lankapay’ network will help us drive the next wave of advancements in service to our customers, as we enter this fast-paced, secure realm of electronic payments,” Rangamuwa avers. Lankapay SLIPS electronic fund transfer services can be accessed island wide at over 3,000 branch locations of member institutions which comprise of all state banks and commercial banks and a large number of leading non-banking financial institutions. The banking and financial sector has gained significant advantage through the slips network, with corporate and individuals alike using derived services to add value to their business and enhance the ease of transacting. Lankaclear introduced same day fund transfer to Sri Lanka with slips, and now also has put the technology in place for real-time transactions, which could be made use of by the bank customers by the end of the year with the banks joining the system. “We are privileged to have vallibel finance on board electronic fund transfers, as Lankapay extends the reach of Sri Lanka’s fastest and most secure electronic transaction network. Technology is a great leveler – it carves inclusivity, and also offers a significant competitive advantage. The growing volume of transactions lends testimony to the maturity achieved by lankapayslips in our market. The advancements we proffer via the next wave of innovations with lankapayslips and our extended technology platforms promise much excitement for sri lanka’s business and growth prospects,” remarked Lankaclear Chief Executive Officer and General Manager Sunimal Weerasooriya.