People’s Bank Sri Lanka’s Premier Licensed Commercial Bank was once again recognised at the fifth edition of the LankaPay Technnovation Awards, held at the Shangri-La Colombo recently.
At this event the bank was awarded two Gold Awards namely ‘the Most Popular Digital Payment Product (Banks and Non-Bank Financial Institutions - Internet Banking)’ and ‘the Best Common ATM Enabler of the Year - Category A’.
People’s Bank Chairman Sujeewa Rajapakse said, “We are once again honoured to be acknowledged by our peers at the Technnovation Awards. Our team at People’s Bank has been awarded the Gold Award in two prestigious categories and an overall merit award for implementing ‘Excellence in Interbank Digital Payment’ (Banking institutions). We as Pride of the Nation are constantly looking at ways to offer the benefits of the most cutting-edge technology to enhance the lives of the masses and achievements such as these act as strong encouragement for us in this endeavor.”
People’s Bank Acting Chief Executive Officer and General Manager, Clive Fonseka stated, “We are proud of the banking facilities we provide, our team at People’s Bank is constantly looking at ways to provide an enhanced banking experience for our customers through our suite of digital banking products.. We are also pleased that users of most of our digital banking products are not limited to Western Province. For example one of our key online products, People’s Wave has over 70% of its active users outside the Western Province. As such, our digital banking products have made a significant contribution to the Bank’s mission of driving financial inclusivity.”
People’s Wave is the most downloaded finance app in Sri Lanka with over 1.6 million downloads since its launch in 2018. The app allows customers to carry out a wide range of banking transactions anytime, anywhere, without having to step into a branch.
People’s Bank also received the Gold Award for ‘Best Common ATM Enabler of the Year’ based on the number of transactions carried out through People’s Bank ATMs. The transactional volumes were measured annually from the 1st of April 2021 to the 31st of March 2022. People’s Bank ATMs are preferred because of the Bank’s digitization expertise and accessibility, being one of the widest single automated machine networks in the country. People’s Bank now has over 290 self-banking units and over 1,200 self-service automated machines across the country.
LankaPay Technnovation Award is Sri Lanka’s first and only Payment Technology Innovation Award ceremony. The event was witnessed by over 400 guests from the banking, non-banking financial institutions, fintech, policymakers and top government officials, etc. The awards ceremony was held under the patronage of Central Bank of Sri Lanka Governor Dr Nandalal Weerasinghe, as the Chief Guest.
The keynote speaker was Neal Cross who is the former Managing Director and Chief Innovation Officer of DBS Bank, Singapore popularly known as the World’s Best Digital Bank.
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