Sathosa Ad Final Eng 1
Nov 17, 2016

Joint opposition goes to courts against the NPP

The Joint opposition will file a petition at the Supreme Court against the setting up of Sri Lanka National Payments Platform (NPP) developed by of the Information and Communication Technology Agency or ICTA outside the ambit of Central Bank.

The public interest petition was to be filed at the Supreme Court this afternoon against the Finance Minister for violating the Payment and Settlement Systems Act. But it was not confirmed as to whether this petition was filed at the Supreme Court or not. 

MP Bandula Gunawardena told Parliament that the establishment of NPP was against the constitution as the Central Bank is the country’s financial regulator.

According to Finance Ministry sources, all government institutions will be able to carry out business and citizens to make online payment on real-time for services offered by the NPP.

At present government institutions like Sri Lanka Customs, Department of Inland Revenue, and Excise Departments and many other state institutions and business cannot accept online payments.

ICTA will facilitate banks integrating with the NPP with the supervision of the Central Bank.

The Existing Financial Regulations on Payments to Government Institutions through Electronic Media have been amended to facilitate the implementation of the programme.

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