NewsPublic interest litigation is to be filed in the Supreme Court against the attempt to establish the Sri Lanka National Payments Platform (NPP) developed by the Information and Communication Technology Agency (ICTA) outside the purview of the Central Bank. Parliamentarian Bandula Gunawardena said that he has instructed his lawyers to file a public interest case in the Supreme Court on Thursday (today) afternoon against the Finance Minister for violating the Payment and Settlement Systems Act. According to the Central Bank, a nationwide common platform for electronic payments is of great importance in achieving cost-effectiveness in the national payment system through sharing payment infrastructure in the country. There was also a plan to make technological arrangements for Point of Sale transactions, mobile payments and other electronic retail payments. The Finance Ministry in association with ICTA is duplicating the Central Bank’s LankaClear payment platform which is aimed at clearing cheques and facilitating online payments, legal experts said.

Source: Sunday Times November 17, 2016 09:10 UTC