CEFTS meaning in Academic & Science ?

Answer:

What is Common Electronic Fund Transfer Switch mean?

LankaClear (formerly National Cheque Clearing House) is the largest payments infrastructure provider in Sri Lanka. Established in February 2002, the organization is owned by the Central Bank of Sri Lanka (CBSL) and all CBSL-licensed commercial banks in the country. LankaClear is the operator of LankaPay, the country's largest interbank payment network.

As at February 2016, the shareholders of LankaClear includes Amana Bank, Axis Bank, BOC, Cargills Bank, CBSL, Citibank, Commercial Bank, Deutsche Bank, DFCC Bank, Habib Bank, HNB, HSBC, ICICI Bank, Indian Bank, Indian Overseas Bank, MCB Bank, NDB, Nations Trust Bank, Pan Asia Bank, People's Bank, Public Bank, Sampath Bank, Seylan Bank, Standard Chartered Bank, State Bank of India, and Union Bank.

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