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Native name
LankaClear (Private) Limited
National Cheque Clearing House
IndustryBanking and finance
FoundedFebruary 8, 2002 (2002-02-08) in Sri Lanka
Area served
Sri Lanka

LankaClear (formerly National Cheque Clearing House) is the largest payments infrastructure provider in Sri Lanka. Established in February 2002, the organization is owned by the Central Bank of Sri Lanka (CBSL) and all CBSL-licensed commercial banks in the country. LankaClear is the operator of LankaPay, the country's largest interbank payment network.[1]

As at February 2016, the shareholders of LankaClear includes Amana Bank, Axis Bank, BOC, Cargills Bank, CBSL, Citibank, Commercial Bank, Deutsche Bank, DFCC Bank, Habib Bank, HNB, HSBC, ICICI Bank, Indian Bank, Indian Overseas Bank, MCB Bank, NDB, Nations Trust Bank, Pan Asia Bank, People's Bank, Public Bank, Sampath Bank, Seylan Bank, Standard Chartered Bank, State Bank of India, and Union Bank.[1]


The Sri Lanka Interbank Payment System (or SLIPS in short) is the largest account-to-account fund transfer network in Sri Lanka.[2] Created by LankaClear, it enables member banks to carry out same-day transfers of up to Rs. 5 million, in a secure paperless process.[3][4]


Launched under the brand name LankaPay in July 2013, the Common Card and Payment Switch (CCAPS) is the first phase of creating a more robust, efficient, and secure payment infrastructure for Sri Lanka. The Central Bank of Sri Lanka has since approved the CCAPS as Sri Lanka's "National Payment Switch".[5]

CCAPS can be further divided into the following areas:

  • LankaPay Common ATM Switch (CAS)
  • LankaPay Shared ATM Switch (SAS)
  • LankaPay National Card Scheme (NCS)
  • LankaPay Common Electronic Fund Transfer Switch (CEFTS)
  • LankaPay Common POS Switch (CPS)
  • Common Mobile Switch (CMobS)

As per the Payments and Settlements Systems Circular No. 7 of 2015 issued by the Central Bank dated 30 November 2015, all licensed banks in Sri Lanka should join the CAS, CEFTS, CPS, and CMobS networks by 31 March 2016, 30 September 2016, 31 December 2016, and 30 September 2017, respectively.[6]

Common ATM Switch[edit]

The Common ATM Switch (or CAS in short), is an interbank ATM network that allows participating banks to use each other's ATMs for free or at a minimal charge. The system was launched in July 2013 with BOC and People's Bank, with the first transaction carried out by the former governor of the Central Bank Ajith Nivard Cabraal, and deputy governor Ananda Silva. The aim of CAS is to create a single unified ATM network in Sri Lanka.[7]

As at March 2016, twelve banks have joined the LankaPay CAS network, expanding the countrywide member ATMs to over 3,000 and making LankaPay the largest ATM network in the country. Member banks include BOC, Cargills Bank, Commercial Bank, HNB, Habib Bank, National Savings Bank, Nations Trust Bank, NDB, People's Bank, Regional Development Bank, Sampath Bank, Seylan Bank, Standard Chartered Bank and Union Bank.[8]

Common Electronic Fund Transfer Switch[edit]

The Common Electronic Fund Transfer Switch (or CEFTS) for short is a fully automated paperless fund transfer system which allows instantaneous fund transfers between member banks.[9]

Maximum Customer Charges (LKR)
as at 1 January 2019[10]
Internet Banking Mobile Banking Over the Counter ATM
රු.50 රු.50 රු.100 රු.50

See also[edit]


  1. ^ a b "LankaClear: Corporate Profile". Retrieved 9 February 2016.
  2. ^ "SL Interbank Payments: Statistics". Retrieved 9 February 2016.
  3. ^ "SL Interbank Payments". Retrieved 9 February 2016.
  4. ^ "LankaClear enhances service to banks". Daily FT. 17 March 2011. Retrieved 9 February 2016.
  5. ^ "Common Card and Payment Switch". Retrieved 9 February 2016.
  6. ^ "Payments and Settlements Systems Circular No. 7 of 2015: Timelines for Joining Common Card and Payments Switch - LankaPay" (PDF). Central Bank of Sri Lanka. 30 November 2015. Retrieved 9 February 2016.
  7. ^ "Sri Lanka's first Common ATM Switch, 'Lanka Pay' launched". Daily Mirror. 24 July 2013. Retrieved 9 February 2016.
  8. ^ "Common Card and Payment Switch: LankaPay Common ATM Switch". Retrieved 9 February 2016.
  9. ^ "Common Electronic Fund Transfer Switch (CEFTS)". Retrieved 14 January 2019.
  10. ^ "HSBC: CEFTS". 1 January 2019. Retrieved 14 January 2019.

External links[edit]