Regulatory Alerts2020-04-26 | Instructions to CEOs of LCBs, LSBs and FCExtension of Deadlines for Online Banking Services and Digital Wallet Accounts
The Central Bank of Sri Lanka extends regulatory deadlines for licensed banks and finance companies to 31 May 2020 to facilitate online banking and digital wallet accounts amid the COVID-19 pandemic. Institutions are required to waive registration fees for new online banking users and must ensure all digital wallet accounts are physically verified by 30 June 2020. While fund receipts for these accounts remain restricted to online transfers, banks must maintain secure identification methods for customer access.
Share