Though the Central Bank of Sri Lanka (CBSL) was first to introduce PayPal to Sri Lanka through the Sampath Bank, it is revealed that three other banks too have been now earmarked by the CBSL.
A senior official from the CBSL told AdaderanaBiz, “We were to first introduce PayPal through the Sampath Bank. However, we now plan to introduce this service to the country through four banks. We also plan to gradually involve the rest of the banks in the country.”
While the CBSL is discussing with the PayPal branch in India to introduce the service to Sri Lanka, PayPal’s Indian arm has reportedly requested a report on Sri Lanka’s exports.
The senior CBSL official told AdaderanaBiz that they would be submitting such a report and hence the introduction of PayPal to Sri Lanka would face a slight delay.
Though cash cannot be remitted to Sri Lanka through the world renowned PayPal money transfer service sending money from Sri Lanka is possible even now.
While those who provide services to foreign countries would benefit with the opportunity of cash remittances into Sri Lanka it would also help develop this sector.
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Sampath Bank, has partnered with Sri Lanka Ports Authority (SLPA) to expedite port related landing and delivery payments and deliver a hassle-free facility to exporters and importers in Sri Lanka.
This is the first time this landing and delivery payment facility is being made available to private commercial banks in Sri Lanka and Sampath Bank is the first to be chosen by SLPA to manage the same.
Commenting on the new partnership, an official said that Sampath Bank intends to simplify the port related payments procedure and guarantee transparency in documentation via its innovative information and technological knowhow. He further stated that this partnership was a step further in keeping with the government’s e-Sri Lanka initiative.
Now, Freight Forwarders, Logistic Solution providers, or Cargo Agents can use Sampath Vishwa Internet banking retail or corporate facility or Sampath Bank Branches and make port related payments and get their cargo cleared in the least time possible.
To expedite payments for the SLPA, the customer is given two options to make payments through Sampath Bank delivery channels; through Sampath Internet Banking Solution (Sampath Vishwa retail and corporate) or via a visit to the nearest bank branch. The payment should be done by the customer based on the invoice number issued by the SLPA system.
Once the payment is made, the invoice number will be validated real time by the Sampath Bank system by connecting online to SLPA and simultaneously the payment details will be directly posted to the SLPA System. An SMS Alert will be sent to the customer for the relevant debit transaction. Finally, the customer can clear the goods without a hassle.
To process these payments, customers can use their iPad, mobile phone or a computer to log on to the online payment system or visit the nearest Bank branch or any Sampath Bank super branch located island wide. Another unique feature is that Sampath Bank customers and non-customers can make port related payments through Super Branches, 365 days of the year, including holidays, from 8.00am to 8.00 pm at their convenience .
Sampath Bank is the only bank to maintain such a payment gateway for Information and Communication Technology Agency in Sri Lanka (ICTA).
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Sampath Bank (Sampath Bank PLC) is a licensed Commercial Bank incorporated in Sri Lanka in 1986 with Over 209 branches and over 220 ATMs island wide. It has won the "Bank of the Year" award by "The Banker" of Financial Times Limited – London, for the second consecutive year and the "National Business Excellence Awards 2010". It has become the third largest private sector bank in Sri Lanka with Rs. 125,960,000 deposits as year ended 31 December 2009.
Company Registration No. : PQ 144
Ratings:
Fitch Rating : Fitch Rating Lanka Limited has affirmed National Long Term Rating of
AA-(lka) positive to Sampath Bank.
Ram Rating : AA (stable)
Stock Exchange Listing Profile :
Incorporated as a Public Limited Company with a broad share holding and listed under the Bank Finance & Insurance sector on the Colombo Stock Exchange with 167,787,605 ordinary shares in issue, 15,000,000 Unsecured Subordinated Debentures of Rs.100/- each - 2012/2017 (Listed).
Registered Office (Head Office) :
110 Sir James Peiris Mawatha,
Colombo 02,
Sri Lanka.
Postal Address :
110 Sir James Peiris Mawatha,
Colombo 02,
Sri Lanka.
Telephone :
+94 (0) 11 2300 260
+94 (0) 11 2303 050
+94 (0) 11 2358 358
+94 (0) 11 4730 630
+94 (0) 11 5331 441
Fax : +94 (0) 11 2303 085
Telex : 22931 SAMBK CE, 22761 SAMBK CE,22760 ICBANK CE
SWIFT : BSAMLKLX
E-mail : mgr@oper.sampath.lk
Auditors : Ernst and Young - Chartered Accountants.
Lawyers : Nithya Partners - Attorney at Law.
Group Company Secretary :
Mr. S. Sudarshan
Chartered Secretary
VAT Registration Number: 134001194-7000
Board of Directors :
Mr. Dhammika Perera (Chairman)
Mr. Channa Palansuriya (Deputy Chairman)
Mr. Sanjiva Senanayake (Senior Director)
Mr. Aravinda Perera (Managing Director)
Mr. Ranjith Samaranayake (Executive Director/Group Chief Financial Officer)
Mr. Deepal Sooriyaarachchi
Mrs. Dhara Wijayatilake
Prof. Malik Ranasinghe
Ms. Annika Senanayake
Mr. Ranil Pathirana
Mr. Deshal de Mel
Mrs. Saumya Amarasekera
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Sampath Bank Easy Payment Plan (SEPP) with SriLankan Air Lines
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We are happy to announce that all Sampath Credit Cardholders can now purchase tickets
on-line for SriLankan Airlines and pay for their tickets in installments over 3,6,12,24 or 36 months.
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| Please register with Sampath Bank no sooner you make the air ticket purchase online. All what you have to do is simply log on to www.srilankan.com & select Sampath Bank under “SriLankan Easy Payment Plan” in order to enter the scheme. To enroll please download the application form and post it to us after filling it. |
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Terms & Conditions for Sampath Easy payment Plan (SEPP)
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1.
| This offer will be valid for all Sampath Credit Cardholders for transactions effected under 3,6,12,24 & 36 months installment payment plans. |
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2.
| The existing transactions could be converted to SEPP only within 30 days from the transaction date upon the receipt of the original copy of the relevant SEPP application form to Manager – Card Centre, Sampath Bank PLC, # 110, Sir James Peiris Mawatha, Colombo 02. |
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3.
| The respective card will be blocked for the total transaction value with the bank's handling fees. |
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4.
| Sufficient funds needs to be made available on the card at the time of processing the SEPP for the transaction value along with the applicable handling fees. |
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5.
| Bank SEPP handling fees.(The bank's handling fee will be calculated for the total transaction value)
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3 months
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6 months
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12 months
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24 months
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36 months
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| SEPP handling fees |
Free of Charge
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3.25%
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6.75%
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11.30%
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14.25%
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6.
| The minimum transaction value should be Rs. 15,000/- & the maximum value should not exceed Rs. 250,000/-. |
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7.
| Stamp duty/ other applicable bank fees will be charged for the installment transaction. |
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8.
| This offer cannot be used in conjunction with other promotional offers. |
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9.
| Sampath Bank PLC shall not be held liable to the cardholder for any claims, losses, damages or quality of goods & services that may cause by the partnering company. |
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10.
| The general Terms & Conditions for credit card transactions will be applicable. |
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11.
| In the event of any dispute, the decision of the bank shall be final. |
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12.
| The bank reserves the right to modify or change the terms & regulations applicable for the offer.
Download Application Form |
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