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Are there really zero fees?

Yes, indeed! We pride ourselves on transparency and simplicity. Our payment processing service is completely fee-free for basic transactions. There are no setup fees, monthly fees, or hidden charges. However, for certain advanced features or specialized services, additional fees may apply.

Is LankaPay secure?

Absolutely! Security is our top priority at LankaPay. We employ industry-standard encryption protocols to ensure the safety and confidentiality of your transactions. Our systems undergo regular security audits and updates to safeguard against any potential threats or vulnerabilities. Additionally, we comply with all relevant regulatory standards to maintain the highest level of security and trust for our users.

Does LankaPay replace my accounting software?

No, LankaPay is a payment processing service designed to facilitate secure and efficient transactions. While it streamlines your payment processes, it does not replace your accounting software. You can integrate LankaPay with your existing accounting software to seamlessly manage your financial records and reconcile transactions.

Are the payments really instant?

Yes, payments processed through LankaPay are typically instant for transactions within the network. This means that funds are transferred and available in the recipient's account immediately after the transaction is completed. However, the speed of payment processing may vary depending on factors such as the participating banks' systems and any potential network congestion.

How does LankaPay make money?

LankaPay primarily generates revenue through transaction fees charged to member banks and financial institutions for utilizing its payment processing services. These fees are typically based on the volume and value of transactions processed through the LankaPay network. Additionally, LankaPay may offer premium services or value-added features to its members for a fee.