Real Time Payments (CEFTS)

In today's fast-paced business environment, every second counts. That's why LankaPay CEFTS is here to revolutionize your payment processes. Our Common Electronic Fund Transfer Switch (CEFTS) enables seamless, real-time fund transfers upto Rs.5 Mn between any LankaPay CEFTS member bank or financial institution, 24/7/365 days a year.

Whether you need to pay suppliers, or employees, or settle invoices, CEFTS offers a convenient and efficient solution. Say goodbye to delays and waiting times – with CEFTS, your payments are processed instantly, allowing you to focus on growing your business without any hindrances.

As a business owner, security is paramount. Rest assured, CEFTS transactions are conducted under the strict guidance and supervision of the Central Bank of Sri Lanka, ensuring compliance with the highest security standards, including PCI-DSS version 3.2.

Don't let outdated payment methods slow you down. Embrace the future of banking with LankaPay CEFTS and streamline your payments like never before!

Explore the advantages for business

Efficient cash flow management: CEFTS enables businesses to manage their cash flow more efficiently by facilitating real-time fund transfers. This allows for timely payments to suppliers, employees, and other stakeholders, ensuring smooth operations and minimizing financial disruptions.

Enhanced business agility: With the ability to initiate peer-to-peer or corporate payments 24/7, 365 days a year, CEFTS offers businesses greater flexibility and agility in managing their financial transactions. Whether it's responding to urgent payment requests or capitalizing on time-sensitive opportunities, CEFTS empowers businesses to act swiftly and decisively.

Streamlined operations: CEFTS simplifies the payment process by providing multiple channels for initiating transactions, including internet banking, mobile banking portals, ATMs, and over-the-counter services. This streamlines payment operations and reduces the administrative burden associated with traditional payment methods, saving businesses time and resources.

Enhanced security: Operating under the guidance and supervision of the Central Bank of Sri Lanka, CEFTS adheres to stringent security standards, including PCI-DSS version 3.2. This ensures that businesses can conduct transactions with confidence, knowing that their financial data is protected against unauthorized access and fraud

Cost savings: CEFTS offers businesses cost-effective fund transfer solutions with maximum customer charges regulated by the Central Bank. By minimizing transaction fees and eliminating the need for costly manual processes associated with traditional payment methods, CEFTS helps businesses save money and improve their bottom line.

Competitive advantage: By leveraging the speed, convenience, and security of CEFTS, businesses can gain a competitive edge in the market. The ability to execute real-time payments and respond quickly to changing market conditions can differentiate businesses from their competitors and enhance customer satisfaction and loyalty.

Statistics for financial year ending 31st March 2024

47

Number of participants

164.3 Million

Transaction volume

13.5 Trillion

Transaction value

Verify the account number formats, before you initiate the fund transfer

Financial Institution	Account Number Format
Amana Bank PLC	13 digits for any account number
Asia Asset Finance PLC	12 digits for any account number
Bank of Ceylon	10 digits for any account number, without the branch code
Bank of China Limited	15 digits for any account number
Cargills Bank PLC	12 digits for any account number
CBC Finance Limited	10 digits for any account number
Central Finance PLC	12 digits for any account number
Citibank, N.A.	10 digits for any account number
Citizen Development Business Finance PLC	18 digits for any account number
Commercial Bank of Ceylon PLC	10 digits for any account number
Commercial Credit & Finance PLC	06 digits account number
Deutsche Bank AG	10 digits for any account number
DFCC Bank PLC	12 digits for any account number
Dialog Finance PLC	12 digits for any account number
Fintrex Finance PLC	13 digits for any account number
Habib Bank Limited	13 digits for any account number
Hatton National Bank PLC	12 digits for any account number
HDFC Bank	12 digits for any account number
HNB Finance PLC	12 digits for any account number
Hongkong & Shanghai Banking Corporation Limited	12 digits for any account number
Indian Bank	12 digits for any account number
Indian Overseas Bank	12 digits for any account number
L B Finance PLC	15 digits for any account number
LOLC Finance PLC	11 digits for any account number
MCB Bank Limited	12 digits for any account number
Mercantile Investments & Finance PLC	Maximum 16 digits for account number
Merchant Bank of Sri Lanka & Finance PLC	12 digits for any account number
National Development Bank PLC	12 digits for any account number
National Savings Bank	12 digits for any account number
Nations Trust Bank PLC	12 digits for any account number
Pan Asia Banking Corporation PLC	12 digits for any account number
People Leasing & Finance PLC	12 digits for any account number
People's Bank	15 digits for any account number
Public Bank Berhad	13 digits for any account number
Regional Development Bank	12 digits for any account number
Richard Pieris Finance Limited	12 digits for any account number
Sampath Bank PLC	12 digits for any account number
SANASA Development Bank Limited	10 digits for any account number
Sarvodhaya Development Finance Limited	12 digits for any account number
Senkadagala Finance PLC	12 digits for any account number
Seylan Bank PLC	15 digits for any account number
Singer Finance (Lanka) PLC	12 digits for any account number
Softlogic Finance PLC	12 digits for any account number
Standard Chartered Bank	11 digits for any account number
State Bank of India	14 digits for any account number
Union Bank of Colombo PLC	16 digits for any account number
Vallibel Finance PLC	12 digits for any account number

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Real Time Payments (CEFTS)

Streamline your payments with LankaPay real-time payments