Rule · CBSL · 26 Feb 2019 · Payment and Settlement System Circular No. 1 of 2019

Providing Real Time Notifications for Transactions Effected Through Electronic Payment Instruments/Mechanisms

The Central Bank of Sri Lanka issued this directive to mandate real-time notifications for transactions conducted via electronic payment instruments. The regulation requires financial institutions and payment service providers to implement systems that alert users immediately upon the execution of a transaction. This measure aims to enhance transaction security, reduce fraud, and improve transparency for consumers utilizing electronic payment mechanisms.

Sri LankaCentral Bank of Sri Lanka

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Source: Central Bank of Sri Lanka — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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