Operator of Sri Lanka’s National payment network – LankaPay has launched the fifth edition of LankaPay Technnovation Awards - Sri Lanka’s pioneering and the only payment technology innovation awards.
The awards competition kicked off with the much-awaited online poll for the ‘Most Popular Digital Payment Product of The Year’ on February 21. The grand finale is due to be held on March 21 at the Shangri-La Hotel.
LankaPay Technnovation Awards aims to recognise the trailblazers of technology innovations in the financial services sector of the country. The objective is to reward those who have been steadfast to the cause of promoting digital payments, thereby enhancing customer convenience.
LankaPay Technnovation Awards 2023 is a tribute to those who were leading the pack in customer convenience via payment technology innovations.
The awards criteria for 2023 considers interbank transactions from April 1, 2021 to March 31, 2022. Banks, non-banking financial institutions and FinTech service providers who have steadfast to this cause and excelled in this endeavour will vie under 13 award categories. The categories include Overall Winner for Excellence in Interbank Digital Payments (Banking Category), Overall Winner for Excellence in Interbank Digital Payments (Non-Banking Financial Institutions Category), 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, Best Acquirer on LankaPay Online Payment Platform, Best Institution to adopt LankaSign Digital Signatures, Best Digital Payment Strategy and Best LankaPay Card Implementor of the Year.
The initial shortlisting has been carried out based on the performance of individual banks, non-banking financial institutions and FinTech service providers against a set criterion defined and communicated at the beginning of the period, subjected to an independent audit.
At the second phase of judging, the shortlisted winners will present their success stories before an independent, eminent panel of judges as to how they have achieved that performance.
The Chairman of the Panel of Judges of LankaPay Technnovation Awards 2023 is CEO, Colombo Stock Exchange, Rajeeva Bandaranaike.