Business News from Sri Lanka: The Board of Investment of Sri Lanka has taken another significant step forward to provide further convenience to the customers. This initiative is facilitated via LankaPay Online Payment Platform, a real-time and online payment platform of LankaClear. Such an initiative on the part of BOI clearly signifies the importance BOI places on providing a more efficient and convenient service to its customers.
At the ‘LankaPay Technnovation Awards 2019’ ceremony held on 7th October 2019 at Sangri-La Hotel, Colombo, the handing over of a plaque symbolise the positive stance taken by a dynamic government institution and conveys the heartfelt appreciation of LankaClear to Board of Investment of Sri Lanka for taking very progressive steps forward to move Sri Lanka towards a less-cash economy.
Now, customers of BOI have the convenience of making their payments online directly to BOI instead of physically visiting the institution to make such payments. It is not only the customers of BOI who stand to gain from this initiative but also improves the internal efficiencies within BOI where activities related to physical payment acceptance and reconciliation will be reduced dramatically saving the time of relevant staff to focus on other important activities.
These endeavors would undoubtedly contribute towards the realization of the vision of BOI, which is to make Sri Lanka the most preferred destination for sustainable investments in Asia.
We would like to acknowledge Sampath Bank as the first bank to offer the online payment facility for BOI payments to their customers while a number of other banks will follow suit in the near future.
While there is a number of staff at BOI whose untiring efforts culminated in making this initiative possible, LankaClear recognizes the patronage of the senior management of BOI and the contribution of IT and Finance departments of BOI.