Transforming government payments to digital while empowering financial institutions

Government Digital Payment Platform

In the current digital era, recognizing the inefficiencies of traditional cash transactions and handwritten receipts withing within most of the government organizations, LankaPay, Information Communication Technology Agency and the Ministry of Technology has taken the initiative of filling this gap spearheading the implementation of a groundbreaking Government Digital Payment Platform.

With the 2023 budget proposal backing this project, all government payments and collections will soon be mandated to transition to electronic platforms. This strategic move not only addresses the current shortcomings but also aligns with global trends towards digitalization.

For financial institutions, this represents a significant opportunity to streamline operations and enhance service offerings. By integrating with the Government Digital Payment Platform, institutions can tap into a secure and efficient channel for handling government transactions. This transition promises greater efficiency, transparency, and reliability in financial processes, ultimately benefiting both institutions and their clientele.

Explore the advantages for financial institutions

  • Enhanced efficiency: The Government Digital Payment Platform streamlines transaction processes for banks, reducing manual efforts associated with handling cash transactions and handwritten receipts.
  • Cost savings: By transitioning to electronic payments, banks can reduce operational costs related to cash handling, storage, and processing, leading to significant savings over time.
  • Improved security: Digital payments offer heightened security compared to cash transactions, reducing the risks associated with theft, fraud, and errors.
  • Enhanced customer experience: Digital payment options provide customers with greater convenience, flexibility, and accessibility, leading to higher satisfaction levels and improved loyalty.

Government institutions currently signed up

  • Department of Ayurveda
  • Jaffna Divisional Secretariat
  • Kegalle Divisional Secretariat
  • Mahara Divisional Secretariat
  • Ratmalana Divisional Secretariat
  • Thimbirigasyaya Divisional Secretariat
  • Gampaha Municipal Council
  • Rambukkana Pradeshiya Sabhawa
  • Sri Lanka Atomic Energy Board
  • SLPA - Clearing Pass Management System
  • Sri Lanka Survey Department
  • Telecommunication Regulatory Commission of Sri Lanka
  • University of Moratuwa
  • Vocational Training Authority
  • Future Organizations (All Local Authorities and many more governments organizations)

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