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GovPay
GovPay is a digital payment platform launched by the Government of Sri Lanka to streamline and modernise payment processes for government services. Officially introduced on 7 February 2025, under the patronage of President Anura Kumara Dissanayake, GovPay represents a significant step toward the digitalization of public services in Sri Lanka. The initiative, spearheaded by the Information and Communication Technology Agency (ICTA) in collaboration with LankaPay, the Ministry of Digital Economy, and the Central Bank of Sri Lanka, aims to enhance efficiency, transparency, and accessibility in citizen-government financial interactions. The platform serves as a centralised "Citizen's One Stop Shop" for online payments, catering to individuals and businesses. Background Sri Lanka's transition to digital public infrastructure has been driven by the need to address inefficiencies in traditional cash-based transactions and handwritten receipt systems prevalent in government institutio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Information And Communication Technology Agency
The Information and Communication Technology Agency (ICTA; ; ) is the lead agency in Sri Lanka for implementation of information and communications technology (ICT) initiatives by the Government of Sri Lanka. It was established to develop the economy of Sri Lanka through ICT. To this end, it works to improve the country's technological capacity, such as building infrastructure, and the readiness of its people, through education and human resources. It is also active in developing regulations around the use of technology and disseminating information worldwide about Sri Lankan ICT. Its current Chairman is Prof. Malik Ranasinghe. Establishment ICTA was established on 12 May 2003 under the Information and Communication Technology Act, No. 27 of 2003, and strengthened by the ICT Amendment Act No. 33 of 2008. ICTA is functioning under the Ministry of Technology. The main thrust of ICTA is to set ICT policy as well as guide and direct national ICT development activities. The e-Swabh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
LankaPay
LankaPay (formerly LankaClear) national payment network of Sri Lanka which provides the central payment infrastructure to the country's financial sector. Established in April 1, 2002, the organization is owned by the Central Bank of Sri Lanka (CBSL) and all CBSL-licensed commercial banks in the country. Shareholders As at April 2025, below are the shareholders of LankaPay: CITS In May 2006, LankaPay launched the Cheque Imaging and Truncation System (CITS), a groundbreaking platform that facilitates the electronic presentment and clearance of cheque images. The introduction of CITS positioned Sri Lanka as the first country in South Asia and the second worldwide to implement such an advanced payment and settlement infrastructure, enabling nationwide cheque clearance on a T+1 basis where beneficiaries can encash a cheque on the next business day. Operating under the provisions of the Payment and Settlement Systems Act No. 28 of 2005, which outlines procedures for automated ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of Sri Lanka
The Central Bank of Sri Lanka ( CBSL; ), known until 1985 as the Central Bank of Ceylon, is the central bank of Sri Lanka. It was established in 1950 under the Monetary Law Act No.58 of 1949 (MLA) and in terms of the Central Bank of Sri Lanka Act No. 16 of 2023, the CBSL is a body corporate with perpetual succession and a common seal. The Central Bank has administrative and financial autonomy. The CBSL has two main boards in operation, namely, the Governing Board (GB) and the Monetary Policy Board (MPB). History The Central Bank of Sri Lanka was established in 1950, two years after independence. The founder governor of the Central Bank of Sri Lanka was John Exter, while the minister of finance at the time was J. R. Jayewardene. Under the former name of Central Bank of Ceylon, it replaced the Currency Board that until then had been responsible for issuing the country's money. It is a member of the Asian Clearing Union. The bank's main tasks are the conduct of monetary policy in S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sri Lanka
Sri Lanka, officially the Democratic Socialist Republic of Sri Lanka, also known historically as Ceylon, is an island country in South Asia. It lies in the Indian Ocean, southwest of the Bay of Bengal, separated from the Indian subcontinent, Indian peninsula by the Gulf of Mannar and the Palk Strait. It shares a maritime border with the Maldives in the southwest and India in the northwest. Sri Jayawardenepura Kotte is the legislative capital of Sri Lanka, while the largest city, Colombo, is the administrative and judicial capital which is the nation's political, financial and cultural centre. Kandy is the second-largest urban area and also the capital of the last native kingdom of Sri Lanka. The most spoken language Sinhala language, Sinhala, is spoken by the majority of the population (approximately 17 million). Tamil language, Tamil is also spoken by approximately five million people, making it the second most-spoken language in Sri Lanka. Sri Lanka has a population of appr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anura Kumara Dissanayake
Anura Kumara Dissanayake (born 24 November 1968), commonly referred to by his initials AKD, is a Sri Lankan politician who has been the tenth and current president of Sri Lanka since 2024. Dissanayake is the first Sri Lankan president to be elected in a second round of vote counting, and the first not to be a member of the traditional political parties of Sri Lanka. Born on 24 November 1968 in the village of Galewela in the Central Province of Sri Lanka, Dissanayake moved with his family to the village of Thambuththegama in the North Central Province in 1972. While he was a student at the University of Peradeniya, he joined the Socialist Students Union, the student wing of the Janatha Vimukthi Peramuna (JVP) as a student when the Indo-Sri Lanka Accord was signed in 1987 and engaged in clandestine revolutionary activity until he was forced to go underground due to threats posed by the counterinsurgency operations undertaken by the government. A year later, he transferred ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gross Domestic Product
Gross domestic product (GDP) is a monetary measure of the total market value of all the final goods and services produced and rendered in a specific time period by a country or countries. GDP is often used to measure the economic performance of a country or region. Several national and international economic organizations maintain definitions of GDP, such as the OECD and the International Monetary Fund. GDP is often used as a metric for international comparisons as well as a broad measure of economic progress. It is often considered to be the world's most powerful statistical indicator of national development and progress. The GDP can be divided by the total population to obtain the average GDP per capita. Total GDP can also be broken down into the contribution of each industry or sector of the economy. Nominal GDP is useful when comparing national economies on the international market according to the exchange rate. To compare economies over time inflation can be adjus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sri Lanka Police
Sri Lanka Police (; ) is the civilian national police force of the Democratic Socialist Republic of Sri Lanka. The police force is responsible for enforcing criminal and traffic law, enhancing public safety, maintaining order and keeping the peace throughout Sri Lanka. The police force consists of 43 Territorial Divisions, 67 Functional Divisions, 607 Police Stations with more than 84,000 people. The professional head of the police is the Inspector General of Police (Sri Lanka), Inspector General of Police who reports to the Minister of Law and Order and Southern Development, Minister of Law and Order as well as the National Police Commission. The last Inspector General of Police (Sri Lanka), Inspector General of Police was Deshabandu Tennakoon. The Acting Inspector General of the Police is currently Senior DIG Priyantha Weerasooriya, who was appointed on September 27, 2024 During the Sri Lankan civil war, the police service became an integral part of maintaining of the nation' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sri Lanka Post
The Department of Posts, functioning under the brand name Sri Lanka Post ( Sinhala: ශ්රී ලංකා තැපැල් ''Shri Lanka Tæpæl''), is a government operated postal system in Sri Lanka. The postal headquarters is the General Post Office which is located in Colombo. The department itself comes under the purview of the Ministry of Information and Mass Media. It was formerly known as the ''Ceylon Post and Telecommunications Department'' and is one of the oldest Government departments in existence today. The head of the Sri Lanka Post is the Postmaster General, currently Ranjith Ariyaratne. Assisting in administration there is a deputy Postmaster General in every province. Sri Lanka Post employs more than 22,000 employees in various positions to staff and support the 4738 post offices across the country. History Sri Lanka Post has a long history of 222 years, dating back to 1798, when the colonial Dutch rulers started five post offices in the Maritime Distri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2025 Establishments In Sri Lanka
5 (five) is a number, numeral and digit. It is the natural number, and cardinal number, following 4 and preceding 6, and is a prime number. Humans, and many other animals, have 5 digits on their limbs. Mathematics 5 is a Fermat prime, a Mersenne prime exponent, as well as a Fibonacci number. 5 is the first congruent number, as well as the length of the hypotenuse of the smallest integer-sided right triangle, making part of the smallest Pythagorean triple ( 3, 4, 5). 5 is the first safe prime and the first good prime. 11 forms the first pair of sexy primes with 5. 5 is the second Fermat prime, of a total of five known Fermat primes. 5 is also the first of three known Wilson primes (5, 13, 563). Geometry A shape with five sides is called a pentagon. The pentagon is the first regular polygon that does not tile the plane with copies of itself. It is the largest face any of the five regular three-dimensional regular Platonic solid can have. A conic is determined ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Sri Lanka
The Government of Sri Lanka (GoSL) (; ) is a Semi-presidential republic determined by the Constitution of Sri Lanka, Sri Lankan Constitution. It administers the island from both its commercial capital of Colombo and the administrative capital of Sri Jayawardenepura Kotte. Constitution The Constitution of Sri Lanka has been the constitution of the island nation of Sri Lanka since its original promulgation by the National State Assembly on 7 September 1978. It is Sri Lanka's second republican constitution and its third constitution since the country's independence (as Ceylon) in 1948, after the Donoughmore Constitution, Soulbury Commission, Soulbury Constitution, and Sri Lankan Constitution of 1972, Constitution of 1972. As of October 2020, it has been formally amended 21 times. Executive branch The President, directly elected for a five-year term, is head of state, head of government, Chief executive (gubernatorial), chief executive, and commander-in-chief of the armed for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services In Sri Lanka
Finance refers to monetary resources and to the study and discipline of money, currency, assets and liabilities. As a subject of study, is a field of Business Administration wich study the planning, organizing, leading, and controlling of an organization's resources to achieve its goals. Based on the scope of financial activities in financial systems, the discipline can be divided into personal, corporate, and public finance. In these financial systems, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. Due to its wide scope, a broad range of subfields exists within finance. Asset-, money-, risk- and investment management aim to maximize value and minimize volatility. Financial analysis assesses the viability, stability, and prof ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Payment Systems
A payment system is any system used to settle financial transactions through the transfer of monetary value. This includes the institutions, payment instruments such as payment cards, people, rules, procedures, standards, and technologies that make its exchange possible.Biago Bossone and Massimo Cirasino, "The Oversight of the Payment Systems: A Framework for the Development and Governance of Payment Systems in Emerging Economies"The World Bank, July 2001, p.7 A payment system is an operational network which links bank accounts and provides for monetary exchange using bank deposits. Some payment systems also include credit mechanisms, which are essentially a different aspect of payment. Payment systems are used in lieu of tendering cash in domestic and international transactions. This consists of a major service provided by banks and other financial institutions. Traditional payment systems include negotiable instruments such as drafts (e.g., cheques) and documentary credits such ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
