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Merchant
Services

Merchant Solutions

Highlights & Features POS & IPG


Tariffs & Charges for POS **
Requirement
Terminal Type
PSTN (Land Line Connections)
GPRS (Wireless)
Basic Requirements
Business Registration
Business Registration
Account Type
People's Bank Current Account/ Savings A/C
People's Bank Current Account/ Savings A/C
Monthly Minimum Turnover of the Account ( Total Credits in statics report for 6months)
Above Rs. 1 Million Monthly Turnover
Above Rs. 2 Million Monthly Turnover
Target Card Sales
Rs.150,000/-
Rs.300,000/-
Monthly Penalty Charge if not met with Target Sale
Rs.2,500/-
Rs.2,500/-
Merchant Commission For LKR
3 %
3 %
Merchant Commission For Foreign Currency
3.5% - 4.0%
3.5% - 4.0%
Technical Requirement
Fixed Land Telephone Line
Availability of Dialog/Mobitel 3G/4G  signal coverage 

Internet Payment gateway (Visa / MasterCard)

People’s payment gateway is a merchant service provided by a world class e-commerce application service provider (CYBS by VISA) that authorizes Visa / Master card payments processing for e-businesses, online retailers


Tariffs & Charges for POS **
Charge Type
Amount LKR
One time setup fee
15,000.00
Discount rate
LKR 3%
Foreign Currency 3.5 % - 4.0 %
Monthly maintenance Fee
Free
Collateral/Guarantee Bond
500,000.00
Annual Fee
50,000.00

(These rates may vary depending on the average transaction size, nature of the business & target clientele, etc )

  • For More Information
  • Merchant Documents


    Merchant Application POS Machines
    Merchant Agreement For POS Facility
    Internet Payment Gateway Application
    Internet Payment Gateway Merchant Agreement
    Draft of The Resolution
    Branch Evaluation Report For POS/IPG Card Acceptance Facility
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    Chairman

    Mr. Sujeewa Rajapakse

    Mr. Sujeewa Rajapakse is a Managing Partner of BDO Partners which is the local representative of BDO - the fifth largest accounting network in the world. A Fellow of the Institute of Chartered Accountants of Sri Lanka (FCA) and a Fellow of Institute of Chartered Management Accountants of Sri Lanka (FCMA), Mr.Rajapakse holds a Master of Business Administration (MBA) from Postgraduate Institute of Management (PIM), University of Sri Jayewardenepura. During his professional career that spanned nearly four decades, he held the honorary positions of President, Vice President and Council Member (elect) of the Institute of Chartered Accountants of Sri Lanka (ICASL), Former Chairman of Auditing Standards Committee of ICASL, President of Practicing Accountants Forum of Sri Lanka, Treasurer of Sri Lanka Cricket, Treasurer for Cricket World Cup 2011, Board Member and Technical Advisor to South Asian Federation of Accountants (SAFA), Technical Advisor to Confederation of Asia Pacific Accountants (CAPA) and Council Member of University of Sri Jayewardenepura. He has also served in the directorates of National Development Bank PLC, Softlogic Insurance PLC, Dipped products PLC, Heycarb PLC, Development Holdings (Pvt) Ltd, Lanka Holdings (Pvt) Ltd, NDB Capital Ltd – Bangladesh, The Finance Company PLC and Unidil Packaging.

    Director

    Mr. Kumar Gunawardana

    Kumar Gunawardana was appointed to the Board of Directors of People’s Bank on 26.12.2019 as a non-executive director. He commands over 40 years of experience in diverse areas of banking. Having started his career with Commercial Bank PLC in 1979, he has moved on to Amsterdam Rotterdam Bank (Amro Bank), ABN Amro Bank and finally to National Development Bank PLC (NDB). He has served in Senior Management positions for over 20 Years having first appointed as an Assistant Vice President of ABN AMRO Bank in the year 2000. His areas of expertise is wide and varied and include Branch network management, Institutional banking, Trade finance, Operations, Administration and services. He has also served as a Member of the Board of Directors of Development Holdings (Pvt.) Ltd. which is an entity jointly owned by National Development Bank PLC (NDB) and Export Development Board (EDB) and Treasurer of Sri Lanka Tennis Association.

    Director

    Mr. Dushmantha Thotawatte

    Mr. Dushmantha Thotawatte was appointed to the Board of Directors with effect from 08.07 2022. Mr.Thotawatte is a fellow member of the Institute of Chartered Accountants of Sri Lanka with a Bachelor of Commerce (Special Degree) from the University of Sri Jayawardhanepura & a Master in Financial Economics from the University of Colombo. He is an accomplished leader who has extensive experience in the field of Financial Management, Corporate Governance, Strategic Management and Public Relations, together a successful track record as Chief Executive Officer, Chief Financial Officer and Chief Internal Auditor in many state owned enterprises and private organizations and counts over 38 years of experience.