The Sunday Times newspaper carried an article today (August 20) saying the Government has suspended ICTA’s controversial National Payment Platform with immediate effect.

This move follows allegations against the agency, that it took capricious action in handing over its operations to private companies, by going against Central Bank regulations.

Speaking to the Business Times on Friday, Dr. Harsha de Silva, the Deputy Minister of National Policies and Economic Affairs, noted that he directed the Chairperson of ICTA, Chitranganie Mubarak, to immediately suspend all activities related to the National Payment Platform, and that he called for a report into the whole process of the National Payment Platform development. This move was taken  following the resignation of the CEO of ICTA, Muhunthan Canagey.

Canagey’s resignation came in on August 14.

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