Same-day fund transfers now enabled through all LOFC branches

Providing yet another value addition to its superior customer service, Lanka ORIX Finance PLC (LOFC) became the latest finance company to join the Sri Lanka Inter Bank Payment Systems (SLIPS) network enablingsame-day financial transactions between LOFC and all other LankaPay SLIPS participants.

SLIPS is an online interbank electronic fund transfer system operated by LankaClear (Pvt) Ltd, facilitating the movement of funds from one account to another. Electronic fund transfers can be performed between banks and finance institutions already connected with the LankaPay SLIPS network. It ensures speedy transactions without the hassle of handling intermediary level documentation, providing island wide reach for added convenience to all its users.

Through this partnership, LOFC customers are provided a highly efficient and secure system to fulfill their daily financial transactions. Individual and corporate customers alike can now access any one of LOFC’s branches located island wide and perform their transactions as and when required. The SLIPS network is comprised of 26 Banks, 5 Specialized Banksand 7 NBFI’s, and is accessible from any part of the country.

Commenting on the partnership Chief Executive Officer and General Manager of LankaClear Mr. Sunimal Weerasooriya stated, “We welcome LOFIN as a valued member on Sri Lanka’s largest electronic fund transfer network and we are certain this partnership will help LOFIN innovate and deliver next generation financial services to its valued customers. The LankaPay SLIPS network has grown rapidly over the years and today we proudly boast of 38 member institutions extending our service reach at well over 3000 branch locations island wide. I take this opportunity in inviting all institutions to take full advantage of the payment infrastructure facilities we offer and assure anexciting new year on electronic payments with “LankaPay” where, retailreal-time payments will be a reality in the immediate future”