LankaPay – Sri Lanka’s National Payment Network announced the seventh edition of its signature event – LankaPay Technnovation Awards 2025, Sri Lanka’s first and the only payment technology innovation awards, at a press conference held on 4th March at Hilton Colombo Residencies.
Mr. Channa de Silva, CEO – LankaPay
The de facto recognition standard for payment technology innovations in the country, LankaPay Technnovation Awards has emerged the most anticipated event amongst the country’s banking fraternity. The competition kicked off with the much-awaited online poll for the ‘Most Popular Digital Payment Product of the Year – 2024’ on 07th February 2025. The grand finale and awards ceremony is scheduled to be held on 26th March at Grand Ballroom, Shangri-la Colombo under the patronage of Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka – the Chief Guest; and Guests of Honour Eng. Eranga Weerarathne, Deputy Minister of Digital Economy; and Dr. Hans Wijayasuriya, Chief Advisor to the President on Digital Economy.
Initiated in 2017, LankaPay Technnovation Awards aims to recognize the pioneers of technology innovations in the financial services sector of the country. The objective is to recognize the banks, non-bank financial institutions, government institutions and FinTechs who have been steadfast to the cause of promoting digital payments, thereby enhancing customer convenience.
The country’s financial sector has been one of the most resilient and fastest-growing industries, playing a pivotal role in maintaining economic stability despite numerous challenges. In the ever-evolving landscape of finance and technology, Sri Lanka has kept pace with its regional counterparts in digital transformation. As technology continues to redefine financial services, LankaPay, as the country’s National Payment Network, remains at the forefront of driving financial innovation (Finnovation) by introducing cutting-edge solutions that enhance accessibility, efficiency, and inclusivity. This transformation is not just an individual effort but a collective mission by the entire financial sector to push boundaries, embrace new technological frontiers, and revolutionize financial services to meet the evolving needs of consumers. LankaPay Technnovation Awards 2025 serves as a tribute to financial institutions and FinTech pioneers who have been instrumental in Finnovation, leveraging advanced technologies to reshape the financial ecosystem. It is a platform that recognizes those who have seized opportunities, adapted to change, and introduced groundbreaking solutions that drive the future of financial services.
LankaPay Technnovation Awards 2025 is aptly supported by a host of sponsors. The Strategic Partner of the event is Mastercard, marking its first partnership with LankaPay Technnovation Awards. The Platinum Sponsors are UnionPay International and BPC, with UnionPay associating the event for the third time. The Gold Sponsor is Alipay+, partnering with the event for the second time. The Silver Sponsors are JCB International and NETS Singapore, with JCB International sponsoring the event since its inception in 2017, and NETS Singapore partnering for the fourth consecutive year. Rolling & Action joins as the Official Creative Agency, partnering with the event for the first time. The Media Sponsors include Daily Mirror, Daily FT, Sunday Times, Ada Derana Biz, FM Derana, and TV Derana.
In a quest to drive financial inclusivity in the country, which is a key objective of the Central Bank of Sri Lanka, LankaPay Technnovation Awards intends to enhance the efficiency of the country’s national payment network. Award criteria for 2025 considers interbank transactions during the period from 1st April 2023 to 31st December 2024. Banks, non-banking financial institutions and FinTech service providers who have steadfast to this cause and exceled in this endeavor will be vying under 14 award categories. The categories include Overall Award for Excellence in Digital Payments, Excellence in Customer Convenience, Best Common ATM Enabler of the Year, Financial Institution of the Year for Financial Inclusivity, Most Innovative Bank of the Year, Most Popular Digital Payment Product, Best Bank for Retail Payments, Best Mobile Application for Retail Payments via JustPay, Best LANKAQR Enabler, Best Bank for Digital Government Payments, Best Government Institution for Enabling Digital Payments, Best LankaPay Card Implementer of the Year, Best Institution to adopt LankaSign Digital Signatures and Best Digital Payment Strategy.
The initial shortlisting for the LankaPay Technnovation Awards 2025 was conducted based on the performance of individual banks, non-banking financial institutions, and FinTech service providers against a predefined set of criteria, which was communicated at the beginning of the evaluation period and subjected to an independent audit. In the second phase, the shortlisted winners presented their success stories before an independent and esteemed panel of judges. The Chairman of the Panel of Judges is Mr. Rajeeva Bandaranaike, Chief Executive Officer of the Colombo Stock Exchange and Board Member of the Lanka Financial Services Bureau Ltd. He is also a member of the Nominations and Governance Committee of the World Federation of Stock Exchanges (WFE). The panel also includes Mr. Lasantha Wickremasinghe, Partner at B R De Silva & Company and Past President of CA Sri Lanka; Mr. Manil Jayesinghe, Chairman of the Statutory Accounting Standards Committee and Accounting Standards Committee of the South Asian Federation of Accountants (SAFA), and Former Country Managing Partner of Ernst & Young Sri Lanka & Maldives; Ms. Chamila Cooray, Chairperson of the South Asian Federation of Accountants Women’s Leadership Committee and Member of the Governing Council of the Institute of Chartered Accountants of Sri Lanka; Mr. Dulith Herath, Founder and Chairman of Kapruka PLC, Sri Lanka’s largest e-commerce enterprise; and Mr. Oshada Senanayake, Board Director and Group Chief Operating Officer – Digital Transformation at Brandix, and Non-Executive Independent Director at Ceylinco Life PLC.
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