Sampath Bank SLPA real-time dollar payment system has been launched to enable instant US dollar transactions for Sri Lanka’s maritime sector, helping streamline payments, improve operational efficiency, and support the country’s digital transformation agenda.
Sampath Bank SLPA real-time dollar payment system modernises port transactions
Sampath Bank, in partnership with the Sri Lanka Ports Authority (SLPA), has introduced a real-time US dollar payment solution designed to simplify foreign currency transactions for businesses operating within the country’s shipping and logistics ecosystem.
The new Sampath Bank SLPA real-time dollar payment system replaces conventional manual payment processes with an integrated digital platform that enables shipping lines, freight forwarders, logistics providers, and other port users to make instant US dollar payments directly to the SLPA.
Powered by Sampath Bank’s FC Quick Connect platform, the solution combines the bank’s transaction banking expertise with advanced digital infrastructure to deliver a seamless end-to-end payment experience. Transactions are processed in real time, while automated payment notifications provide immediate confirmation, improving transparency and operational convenience for users.
The Sri Lanka Ports Authority currently uses US dollar-based billing for selected port services, making timely and efficient settlement an important requirement for companies involved in international shipping and trade.
According to Sampath Bank, the new solution is expected to significantly reduce processing times while improving the overall customer experience. By eliminating manual procedures, businesses can complete transactions more efficiently and minimise delays associated with traditional payment methods.
The Sampath Bank SLPA real-time dollar payment system also supports broader digital payments Sri Lanka initiatives by encouraging greater adoption of secure electronic payment channels across critical industries.
Commenting on the launch, Sampath Bank Managing Director and Chief Executive Officer Sanjaya Gunawardana said the platform delivers secure, real-time payment capabilities that enhance convenience, strengthen transparency, and contribute to the continued modernisation of port-related services.
The initiative has also received support from the Government’s maritime development agenda.
Advisor to the President on Maritime, Ports and Logistics, Dr. Parakrama Dissanayake, noted that digital transformation is becoming increasingly important in strengthening Sri Lanka’s competitiveness as a regional logistics hub.
He described the platform as more than a banking solution, highlighting its potential to improve efficiency, effectiveness, and competitiveness across the maritime industry while supporting faster trade facilitation.
Beyond its immediate application within the Sri Lanka Ports Authority, the platform has been designed as a scalable framework capable of being extended to other port operators and maritime service providers in the future.
This flexibility could support wider digital integration across Sri Lanka’s shipping sector as demand grows for faster, more secure, and transparent payment systems.
Industry participants are expected to benefit from improved cash flow management, faster settlement cycles, and enhanced operational efficiency through the new platform. These improvements can help businesses better manage international transactions while supporting smoother logistics operations.
The launch of the Sampath Bank SLPA real-time dollar payment system reflects the increasing collaboration between financial institutions and public sector organisations to modernise essential trade infrastructure.
As Sri Lanka continues investing in digital transformation and trade facilitation, initiatives that combine advanced banking technology with public sector services are expected to play an increasingly important role in strengthening the country’s logistics ecosystem and supporting long-term economic growth.