The Central Bank of Sri Lanka together with LankaClear (Pvt) Ltd., ( LCPL) achieved a significant milestone in the country’s payment landscape by launching the National Card Scheme (NCS). NCS, will be operated by LCPL in partnership with the international payment card operator JCB International of Japan. Initially, a debit card will be issued under this card scheme. Additionally, the NCS cards will be accepted across over 4,800 ATMs Island wide connected to LankaPay network to facilitate cash withdrawals.
The first LankaPay-JCB co-badged debit card issued by MCB Bank went live via acquiring banks of the Common Point of Sales (CPS) Switch, namely, Cargills Bank and Commercial Bank of Ceylon. Seylan Bank will also join CPS on a non-commercial basis. Customers of MCB Bank who have been issued with LankaPay-JCB co-badged debit cards can now use all Point of Sale (POS) terminals operated by these banks.