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Sampath Bank at the forefront of National Transport Modernisation through New Digital Fare System
Sampath Bank PLC is advancing a major national milestone through the commencement of the pilot phase of Sri Lanka’s Bus Fare Digitalisation Project, implemented in collaboration with Ceylon Business Appliances (Pvt) Ltd., and Nimbus Venture (Pvt) Ltd. The solution is being introduced through NCG Express, one of the country’s leading private bus operators, enabling commuters to make seamless digital fare payments and supporting the nation’s transition towards a modern transport environment.
The initiative delivers a fully integrated digital fare collection system that allows passengers to settle fares through contactless bank cards supported by Visa, Mastercard, UnionPay and JCB enhancing convenience, strengthening payment security and contributing to a more efficient and transparent commuter experience. The pilot phase aims to validate operational readiness ahead of wider expansion across private and public bus fleets.
Commenting on this landmark initiative, Darshin Pathinayake, Assistant General Manager, Advanced Analytics and Card Centre, Sampath Bank PLC, stated, “This initiative reflects our long-standing commitment to advancing national digital progress, as it enhances commuter convenience, strengthens fare collection efficiency and supports Sri Lanka’s journey towards a secure and inclusive cashless transport ecosystem.”
The project has been developed, in accordance with the guidelines issued by the Ministry of Transport, Highways, Ports and Civil Aviation, on bus fare collection, using bank cards, ensuring alignment with the Government’s priority of establishing a bank-led and interoperable digital payment infrastructure for the public transport sector.
As the certified Ticketing Application and Electronic Ticket Issuing Machine (ETIM) provider, Ceylon Business Appliances strengthens the reliability of the system through robust hardware and secure software capabilities built on more than five decades of Payments and FinTech expertise. Ruwath Fernando, Director/Chief Executive Officer, noted that, “Our commitment to delivering dependable ETIM technology and a seamless ticketing application remains central to this initiative, as it supports accurate fare acceptance, real-time information and overall system reliability, enabling a smoother, more efficient and commuter-friendly experience.”
Nimbus Venture functions as the system integrator responsible for backend connectivity, real-time processing and system stability. Reflecting on their contribution, Dayan Jayasekara, Director and Chief Technology Officer, stated, “Integrated, secure and transparent digital systems form the backbone of effective fare collection, and, through YamanBuddy, we are powering Sri Lanka’s shift towards smarter, connected travel. Our focus remains on enabling strong operational continuity across the transport network as we help shape the future of public transport.”
NCG Express becomes the first operator to introduce the solution across its fleet, setting the stage for wider adoption across the transport sector. In acknowledging this milestone, Nikitha Grero, Chairman of NCG Express, added, “As a leader in the transport industry in Sri Lanka, we are committed to transforming its landscape and supporting digitalisation efforts for national development. As the first operator to introduce this solution across our fleet, passengers can now benefit from a convenient, seamless, and future-ready payment method, making travelling easier for all. We look forward to driving wider collaboration across the transport industry in the future as well, facilitating seamless, convenient travel island wide.”
Through this initiative, Sampath Bank continues to serve communities by supporting impactful technological progress that enhances daily life and strengthens Sri Lanka’s long-term digital transformation.

From left: Chirath Samarasekara, Head of Card Centre, Sampath Bank; Darshin
Pathinayake, Assistant General Manager – Advanced Analytics & Card Centre, Sampath Bank; Sanjaya Gunawardana, Managing Director/CEO, Sampath Bank; Nikitha Grero, Chairman, NCG Express; Amila Ranmadala, General Manager, NCG Speed Holdings; and Guyanga Weerasekara, Senior Manager – Projects, NCG Speed Holdings.
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AKD warns of far reaching economic consequences of Middle East war
President Anura Kumara Dissanayake yesterday called for an immediate and peaceful resolution of the escalating Middle East conflict, warning that the crisis could have far-reaching repercussions on the global economy, including Sri Lanka.
Addressing Parliament, the President stressed that no military conflict benefited humanity, particularly at a time when destructive military technologies were rapidly advancing.
“Any military conflict does not create a favourable situation for any group of people,” he said, urging all parties to make urgent commitments towards peace. “As Sri Lanka, our position is that all parties involved in this war must, as soon as possible, take steps toward a peaceful world.”
He cautioned that Sri Lanka could not remain insulated from the fallout from the conflict, noting that disruptions to global oil and gas supplies, threats to migrant workers in the Middle East, and potential shocks to tourism, remittances, shipping and aviation were real concerns.
A national programme was being formulated to mitigate the impact, he said, adding that its success would hinge on broader international efforts to restore stability, the President said.
Acknowledging public anxiety shaped by past economic hardships, President Dissanayake said social stability could not be ensured through rhetoric alone but required tangible guarantees that citizens would not face another crisis.
While noting that the government had successfully navigated multiple challenges since assuming office, he described the Middle East situation as distinct due to the uncertainty surrounding its duration and outcome.
The government, he said, was closely monitoring developments. The Central Bank had conducted a review with a report on the likely economic impact expected shortly. The Ministry of Finance is also preparing an assessment of the potential effects on public life, alongside measures to ensure the uninterrupted provision of essential services locally and for Sri Lankans overseas.
“The primary responsibility for finding a path out of the crisis rests with the Government,” he said, calling on Parliament and the public to collectively confront the challenge under a unified national plan.
Providing a detailed account of the country’s energy reserves, the President said storage capacity rather than supply remained the key constraint. Excluding the Indian Oil Corporation tanks in Trincomalee, total storage capacity at Kolonnawa and Muthurajawela stands at approximately 150,000 metric tons.
Diesel stocks were currently sufficient for 33 days, with refining contributing around 1,800 metric tons daily. Petrol reserves will last 27 days, with a 35,000 metric ton shipment due on March 7 or 8 expected to extend availability to around 40 days.
Aviation fuel stocks are adequate for 49 days, supported by both daily refining and imports. Scheduled shipments include vessels from RM Parks on March 14, Sinopec on March 17, IOC on March 21 and the Ceylon Petroleum Corporation on March 28.
Crude oil supplies were sufficient to operate the refinery for 26 days, with an additional shipment expected to extend operations by a further 18 days, the President said.
“Because of this, there is no crisis regarding oil,” the President assured Parliament.
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