Payment rail · Sri Lanka
Payment rail · Sri LankaWhat is SLIPS?
SLIPS — the Sri Lanka Inter-bank Payment System — is Sri Lanka’s system for same-day rupee transfers between banks, operated by LankaPay under the Central Bank of Sri Lanka. Poplin pays out to Sri Lanka over SLIPS, settling the same business day at the latest.
Source: LankaPay (opens in a new tab)
Updated · Reviewed by Joyce Chin, Chief Operating Officer & Compliance Officer
Which rail reaches…
Which rail reaches your recipient?
No destinations match that search.
A payout to Sri Lanka clears fastest over
SLIPS
settles the same business day · 1% + $1.00 on a business account
Also reaches USD accounts over
Set from your location — change it above.The recipient’s account details decide the rail — the fee is always shown before you send.
// at a glance
What the rail sets for a payout over SLIPS — and what Poplin charges to send.
Settlement
Same day
a ceiling, not the typical time
Reaches
1
country — Sri Lanka
Paid out in
LKR
Sri Lankan rupee
Business fee
1%
plus a $1.00 fixed fee
Clearing
Local
domestic clearing
Days are business days — a Saturday delays a same-day or next-day payout. These are ceilings, not typical times: within the window, how fast the money lands depends on the receiving bank.
// how it moves
How SLIPS payouts move.
From your US-dollar balance to an account in Sri Lanka — four steps.
You send from USD
Enter an amount in your Poplin US-dollar account and confirm the payout — the full fee shows before you send.
Converted at mid-market
Dollars become Sri Lankan rupees at the mid-market rate — no markup added.
Cleared over SLIPS
Poplin clears the payout over SLIPS, Sri Lanka’s same-day batch transfers.
Arrives inside the window
SLIPS settles the same business day — a ceiling, not the typical time; how fast it lands depends on the receiving bank.
// coverage
Where SLIPS reaches.
Sending somewhere else?
Each destination clears over its own set of rails. See the rail, speed, and fee for any destination — or the fee for every rail on one page.
SLIPS — FAQ
Basics
What is SLIPS?
SLIPS — the Sri Lanka Inter-bank Payment System — is Sri Lanka’s system for same-day rupee transfers between banks, operated by LankaPay under the Central Bank of Sri Lanka. Poplin pays out to Sri Lanka over SLIPS, settling the same business day at the latest.
Speed
How long do SLIPS payouts take?
Over SLIPS, Poplin payouts settle the same business day. Payments leave your account in seconds; SLIPS then clears the payout to the recipient’s bank.
Cost
How much does it cost to send money over SLIPS with Poplin?
A percentage of the amount plus a $1.00 fixed fee — 1% on a business account and 1% on a personal account, shown in full before you send. Conversion, where the payout currency isn’t US dollars, is at the mid-market rate with no markup.
Coverage
Which countries does Poplin reach over SLIPS?
SLIPS is how Poplin pays out to Sri Lanka, in LKR. Poplin also reaches Sri Lanka over SWIFT (USD) — which one a payout uses depends on the bank details your recipient has.
Send US dollars to Sri Lanka over SLIPS.
Open a US-dollar account in minutes. No monthly fees.