Sri Lanka, April 6 -- The banking system bears a significant cost in providing cash transaction services through ATM machines, the Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe has stated.

He made this assertion during a special discussion held between President Anura Kumara Dissanayake and heads of banks and financial institutions, the President's Media Division said in a statement.

Following the launch of the National QR Payment Promotion Initiative, a meeting between President Dissanayake and the heads of banks and financial institutions was held today (06) at the Presidential Secretariat.

The President explained the responsibility entrusted to banks and financial institutions in ensuring the success of t...