September 09, 2021

LankaPay Bags Gold Four Years In A Rowat Annual Report Awards

LankaPay (Pvt) Ltd., the operator of LankaPay National Payment Network of Sri Lanka,completed another memorable year by winning the coveted Gold award for the fourth consecutive years at the 55thAnnual Report Awards held recently.Functioning as Sri Lanka’s most successful public private partnership, the company has revolutionized the entire financial sector by introducing cutting-edge solutions since its inception in 2002. They achieved this rare feat by competing under the Small and Medium Sized Entities Category in addition to the many other accoladesreceived across several competitions. Continuously winning the pinnacle of awards is a clear testament tothe unwavering commitment of the company towards excellence in financial reporting.

Commending the teamfor their wonderful achievement, Mr. Anil Amarasuriya, Chairman of LankaPay, said "Our organization is managed and operated by a team of professionals who are skilled, experienced and passionate about achieving excellence in everything they do. LankaPay has become the catalyst for the entire financial sector by introducing innovative solutions as initiativesconnected with the National payment network.In order to maintain a leadership role in the financial sector, ensuring transparency and accountability in all our activities remain to be one of our keypriorities.We continue to benchmarkourselves against the best in the industry to enhanceour reporting excellence and winning the Gold award for the fourth consecutive year is ample proof of same.”

LankaPay has been responsible for introducing many technologically advanced solutions as a pioneer in the region and is spearheading country’s journey towards a less cash economy. Their untiring efforts have galvanized the entire financial sector in Sri Lanka to achieve speed, convenience, economies of scale and higher security in providing financial services to all citizens and businesses alike. Jointly owned by the Central Bank of Sri Lanka and all licensed Commercial Banks, LankaPay has launched several innovative technological solutions such as Government Payment Platform (LPOPP), Retail mobile payment platform (JustPay), Standardized National QR Code (Lanka QR) and Peer-to-Peer Payment mode (Payment Exchange Name) etc.

Elated by this remarkable achievement of the company, Mr. Channa de Silva, General Manager /CEO of LankaPay stated “Convenience, as a concept in retail, once meant providing a product or a service within a reasonable walk or drive, perhaps on the way home from work or in a town nearby. However, the new generations of Millennials and Gen-Z are responsible for turning this established concept upside down since they live, work and consume by a different set of rules and expectations. Driven by technology and an on-demand culture, younger generations of consumers have grown up with services that are available at the push of a button, anytime and anywhere. Our key focus for the year under review was to address these dynamic changes in the behaviour of the modern day consumer and provide solutions to support their multitude of needs. We continued to demonstrate accountability, transparency and good governance in everything we do to achieve this objective, which is clearly evident by us winningthe pinnacle of awardscontinuously at the CA annual report awards.”

Caption – (L-R)Mr. Rasika Galappaththy – DGM Finance, LankaPay; Mr. HeshanaKuruppu - Chairman of Annual Report Awards Committee; Prof. Lakshman Watawala – Past President, CA Sri Lanka; Mr. Channa de Silva – GM/CEO, LankaPay; and Mrs. Dulani Fernando – CEO, CA Sri Lanka