LankaPay Technnovation Awards recognises payment technology innovators

LankaPay, the operator of the Country’s National Payment Network recently organised LankaPay Technnovation Awards 2023 at the Shangri-la, Hotel Colombo for the fifth consecutive year.

This is Sri Lanka’s first and the only Payment Technology Innovation Awards. Initiated with the objective of recognising the trailblazers of the country’s payment technology innovations, steadfast to the cause of providing excellence and convenience by promoting digital payments, the event was witnessed by over 400 guests from banks, non-banking financial institutions, FinTechs, policy makers and top government officials etc.

Commercial Bank of Ceylon PLC bagged the pinnacle of all awards by winning the Overall Gold Award for “Excellence in Interbank Digital Payments” under the “Banking Institutions” category while Bank of Ceylon claimed the Overall Silver Award. Sampath Bank PLC was adjured the Overall Bronze Award Winner while Peoples’ Bank bagged the Overall Merit Award. Under the “Non-Bank Financial Institutions” category, LOLC Finance PLC was crowned as the Overall Gold for “Excellence in Interbank Digital Payments” for the fourth consecutive year while Dialog Finance PLC made its way to become the Overall Silver Award winner for the first time, LankaPay said in a media release.

Altogether 35 awards under 11 categories were on offer at this year’s awards.

During the year 2021/22 alone, LankaPay empowered Sri Lankans from all walks of life across Sri Lanka to carry out a multitude of digital financial transactions amounting to a staggering Rs. 18 trillion via over 200 million number of transactions conveniently and securely from anywhere at any time. The statement said that this would not have been possible if not for the banks, non-banking financial institutions and FinTechs who made customer convenience their priority. LankaPay Technnovation Awards 2023 was a tribute to those who were leading the pack in customer convenience via payment technology innovations.