Regulatory Alerts2025-01-27 | Circular No. 1 of 2025Imposing a maximum per transaction fee for the payments effected through GovPay
The Central Bank of Sri Lanka issued Payment and Settlement Systems Circular No. 01 of 2025 to promote digital transactions via the Common Electronic Fund Transfer Switch. The directive mandates that all CEFTS members charge a maximum fee of Rs. 15.00 per transaction for payments made to government institutions through the GovPay platform. This regulatory requirement becomes effective on 01 February 2025.
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