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.
8 jk uy," wxl 30" ckdêm;s udj;" 8 Mk; khb> ,y. 30 rdhjpgjp khtj ;ij nfhOk;G 1 Level 8, No. 30, Janadhipathi Mawatha, Colombo 1 ;e ' fm ' 590" fld<U 01" Ys% ,xldj j. ng. ,y. 590> nfhOk;G 01> ,yq;if P . O. Box. 590, Colombo 01, Sri Lanka. 94 11 2477042 94 11 2387009 psd@cbsl.lk www.cbsl.gov.lk f.ùï iy mshùï fomd¾;fïka;=j nfhLg;gdTfs;> jPh;g ;gdTfs; jpizf;fsk; Payments and Settlements Department 27 January 2025 Payment and Settlement Systems Circular No. 01 of 2025
To: Chief Executive Officers of All Licensed Banks and All Licensed Finance Companies Imposing a maximum per transaction fee for the payments effected through GovPay This circular is issued in terms of Section 44 of the Payment and Settlement Systems Act, No. 28 of 2005 (Act) read with Section 4 of the Act to promote and facilitate the Common Electronic Fund Transfer Switch (CEFTS) in order to encourage the adoption of digital transactions. 2. All members of CEFTS shall adhere to a maximum per transaction fee of Rs. 15.00 for the payments effected through GovPay, the platform for making digital payments to the government institutions. 3. This Circular shall come into operation with effect from 01 February 2025. K V K Alwis Director Payments and Settlements