EN 



Enhance Your Payment Services with SLIPS

Sri Lanka Inter-bank Payment System (SLIPS)

Are you ready to offer your customers faster, more convenient payment solutions? Partner with SLIPS - the Sri Lanka Inter-bank Payment System, operated by LankaPay, and revolutionize your payment services.

SLIPS provides same-day electronic fund transfers, catering mainly to low-value payments, with advanced security features for added protection. With SLIPS, your customers can enjoy seamless transactions for salaries, utility bills, standing orders, and more.

Join the growing network of SLIPS system participants and elevate your payment services to new heights. With SLIPS, you can offer your customers the ultimate convenience and security in their financial transactions.

Key features of SLIPS

  • Process same day clearing (T+0) for retail bulk payments
  • Process value date transactions up to 14 business days
  • The interbank transactions get settled through the RTGS system of Central Bank Sri Lanka.

Types of participants

  1. Primary Participants - Any license commercial banks in Sri Lanka
  2. Secondary Participants- Non-commercial banks and any other financial institutions function in Sri Lanka

Transaction types

  1. Credit Transactions
  2. Debit Transactions

Financial institutions currently signed up with Sri Lanka Inter-Bank Payment System (SLIPS)

Statistics

Quarterly statistics as of 31st Mrach 2024

45

Number of participants

55.1 Million

Transaction volume

3.5 Trillion

Transaction value

SLIPS window cut-off time for financial institutions

We will carry out SLIPS operations during the following periods.

Clearing Session Clearing Leg Window Open Time Window Close Time Activity
Session 1 Outward 15:00 20:00 Financial institutions submit outward data to LankaPay
Inward 21:45 09:00 (next Working Day) LankaPay makes available inward data to download for financial institutions
Session 2 Outward 9:00 11:00 Financial institutions submit outward data to LankaPay
Inward 12:30 09:00 (next Working Day) LankaPay makes available inward data to download for financial institutions
Session 3 Outward 12:30 13:30 Financial institutions submit outward data to LankaPay
Inward 15:00 09:00 (next Working Day) LankaPay makes available inward data to download for financial institutions

How can we help

Have questions on LankaPay products? We've got you covered

Related products for financial sector







Subscribe us to receive latest updates

Sign up for LankaPay's newsletter to stay informed about the latest trends, regulations, and product details delivered straight to your email.

0

Event Calander