LankaPay's inception can be traced to the former Sri Lanka Automated Clearing House (SLACH) owned by the Central Bank of Sri Lanka (CBSL). In 2002 the CBSL took a policy decision to divest the activities of the SLACH and together with all licensed commercial banks operating in Sri Lanka.
On 8th February 2002 LankaPay (Pvt) Ltd was incorporated under the guidance of the Central Bank, entrusting the ownership and operations formally carried out by SLACH. The company commenced operations on the 1st of April in the same year.
LankaPay (Pvt) Ltd is considered one of the best Public Private Partnerships in the region. The company is owned by the Central Bank and other licensed commercial banks operating in the country.
LankaPay (Private) Limited
Incorporated as a private limited liability company under the Companies Act No. 17 of 1982 on February 8, 2002 and reregistered under the Companies Act No. 7 of 2007.
| Bank Name | Percentage of Shareholding | |
|---|---|---|
|
Central Bank of Sri Lanka |
19.34% |
|
Bank of Ceylon |
13.77% |
|
People's Bank |
13.77% |
|
Sampath Bank PLC |
13.11% |
|
Commercial Bank of Ceylon PLC |
6.56% |
|
Hatton National Bank PLC |
14.43% |
|
Seylan Bank PLC |
6.56% |
|
Union Bank of Colombo PLC |
0.33% |
|
DFCC Bank PLC |
0.66% |
|
Pan Asia Banking Corporation PLC |
0.66% |
|
Nations Trust Bank PLC |
0.98% |
|
National Development Bank PLC |
0.98% |
|
Habib Bank Ltd |
0.33% |
|
Indian Bank |
0.66% |
|
Indian Overseas Bank |
0.66% |
|
State Bank of India |
0.33% |
|
MCB Bank Ltd |
0.66% |
|
The Hongkong and Shanghai Banking Corporation Ltd |
1.31% |
|
Deustche Bank AG |
0.98% |
|
Citi Bank NA |
0.66% |
|
Standard Chartered Bank |
0.98% |
|
Public Bank Berhad |
0.66% |
|
ICICI Bank Ltd |
0.33% |
|
Amana Bank PLC |
0.33% |
|
Axis Bank |
0.33% |
|
Cargills Bank Ltd |
0.33% |
|
Bank of China Limited |
0.33% |
The Chairman is appointed by the Governor of the Central Bank of Sri Lanka, in accordance with the Articles of Association.
Two Directors represent the Central Bank of Sri Lanka.
Two Directors represent the two state banks, ie Bank of Ceylon and People’s Bank
Three Directors are nominated by the Sri Lanka Banker’s Association, two of whom represent the private local commercial banks and the other represents foreign banks.
The Secretary General of the Sri Lanka Banker’s Association constitutes the final Board member, who participates as an observer and is usually invited to express his views.
Tel : +94 11 2015900
Fax : +94 11 2015950
Tel : +94 11 2463500
Fax : +94 11 2697369
Tel : +94 11 4510368
Fax : +94 11 4512404
