People’s Bank recently received certification from the Central Bank of Sri Lanka (CBSL) to acquire Lanka QR 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 islandwide.
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. Director (Payments & Settlements) of CBSL Dharmasri Kumaratunge and People’s Bank Chief Executive Officer/General Manager Ranjith Kodituwakku also were present at this occasion.
Minister of Trade Bandula Gunawardena, 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.