The Central Depository Systems (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE), recently signed an agreement with LankaPay, Sri Lanka's National Payment Network, joining its Online Payment Platformto develop an innovative payment platform to facilitate a seamless and a secure payment experience for investors.
The new payment platform promises to transform how investors participate in Initial Public Offerings (IPOs), Rights Issues and other offers.
The new CDS payment service, is an electronic IPO and e-rights payment service enabled via the CSE Mobile App and CDS Web Portal. This partnership with Lanka Pay enables investors the ease of investing in IPO’s and rights issues up to a transaction value of Rupees Ten Million (Rs. 10,000,000/-), as approved by the Central Bank of Sri Lanka (CBSL) online real-time basis.
Key Highlights of the Agreement
This landmark agreement between CDS and LankaPay, sets the stage for a more convenient and efficient process for shareholders. Some of the key highlights of this partnership are,
Streamlined investment process: The investors will no longer need to navigate complex procedures, making it easier for them to subscribe for investment opportunities.
Enhanced Convenience: The utilization of the CSE Mobile App and CDS Web Portal will empower investors to make payments from the comfort of their own homes or offices, eliminating the need for physical visits to banks or other financial institutions.
Security and Trust: The platform will prioritize the highest levels of security and data protection to ensure that investors' financial information remains safe and confidential.
With these measures in place, shareholders will be able to confidently perform the said transactions online real-time on 24x7x365 day basis.
LankaPay and CDS are dedicated to driving innovation within the financial sector, continually working to improve the investor experience and make it more accessible to a broader range of individuals.