Seventh Consecutive Overall Excellence Win for LOLC Finance at LankaPay Technnovation Awards 2026

Mr. Conrad Dias, Chairman of LOLC Finance and Founder of iPay, added, “Digital innovation is no longer a differentiator but a necessity in shaping resilient financial ecosystems. These recognitions reflect LOLC Finance’s ability to continuously evolve within the digital payments landscape with precision and foresight. Through platforms such as iPay and LOLC Real Time, we continue to introduce secure, intuitive, and scalable solutions that enhance customer convenience while strengthening confidence in digital financial interactions. As digital adoption accelerates, we remain committed to building a future-ready financial environment that is inclusive, secure, and resilient”

Commenting on the achievement, Mr. Krishan Thilakaratne, Chief Executive Officer of LOLC Finance, stated, “Winning the Gold Award for Overall Excellence for the seventh consecutive year reflects the strength, resilience, and forward-thinking ethos that defines LOLC Finance. As Sri Lanka’s most loved and most valuable financial services brand, our journey has always been closely aligned with the aspirations of the nation’s MSME sector. These accolades signify the trust placed in us by generations of customers who rely on our ability to deliver safe, secure, and accessible financial solutions. Our strategic focus remains on ensuring that every individual can access financial services effortlessly through a digitally enabled ecosystem that empowers them with confidence and peace of mind”

LOLC Finance PLC, Sri Lanka’s largest Non-Banking Financial Institution (NBFI), has once again reaffirmed its leadership in digital financial services, with its flagship platform iPay playing a central role in securing the Gold Award for Overall Excellence in Digital Payments for the seventh consecutive year at the LankaPay Technnovation Awards 2026.

The awards ceremony, held on 24th March 2026 at Cinnamon Life City of Dreams, Colombo, recognised LOLC Finance’s continued success in building a robust, secure, and customer-centric digital ecosystem. At the heart of this achievement is iPay, which continues to drive seamless, everyday financial interactions for individuals and businesses across Sri Lanka, shaping the way customers engage with digital payments.

Further underscoring the strength of its digital capabilities LOLC Finance was recognised across multiple categories:

nOverall Excellence in Digital Payments (Non-Bank Financial Institution) – Gold Award

nBest Digital Payment Application for Retail Payments of the Year (Bank and Non-Bank Financial Institutions) – Gold Award

nBest LankaSign Digital Signature Enabler of the Year – Gold Award

nBest Digital Government Payments Enabler of the Year (Non-Bank Financial Institutions) – Gold Award

nBest Cross-Border Transactions Enabler of the Year – Silver Award

nMost Popular Digital Payment Solution of the Year (Medium & Small Bank and Non-Bank Financial Institution) – Merit Award

iPay continues to lead the market with over 50% JustPay market share, more than 1.2 million downloads, and over 1.8 million transactions processed monthly. Its evolution from a digital payment app into a fully integrated lifestyle platform has enabled customers to seamlessly manage daily financial needs—from merchant payments and fund transfers to utility bill settlements and government payments—redefining convenience while advancing financial inclusion.

Extending its impact beyond consumers, iPay Business continues to empower SMEs and MSMEs through a comprehensive suite of digital solutions. From enabling LankaQR, card, foreign, and bill payment acceptance to offering secure internet payment gateways, the platform is further enhanced with value-added tools such as iAds and marketplace features to support business growth. With upcoming capabilities including booking management systems, inventory tools, basic HR functions, and integrated accounting features, iPay Business is rapidly positioning itself as a holistic digital growth partner for Sri Lanka’s entrepreneurial ecosystem.

Commenting on the achievement, Mr. Krishan Thilakaratne, Chief Executive Officer of LOLC Finance, stated, “Winning the Gold Award for Overall Excellence for the seventh consecutive year reflects the strength, resilience, and forward-thinking ethos that defines LOLC Finance. As Sri Lanka’s most loved and most valuable financial services brand, our journey has always been closely aligned with the aspirations of the nation’s MSME sector. These accolades signify the trust placed in us by generations of customers who rely on our ability to deliver safe, secure, and accessible financial solutions. Our strategic focus remains on ensuring that every individual can access financial services effortlessly through a digitally enabled ecosystem that empowers them with confidence and peace of mind.”

This sustained recognition has translated into growing customer confidence, reflected in the continued expansion of LOLC Finance’s deposit base. Reinforced by the reliability and everyday usability of platforms such as iPay built on the ‘One App for Any Bank’ concept, customers can seamlessly link multiple bank accounts within a single interface and select their preferred account for transactions, enhancing flexibility and control in managing their finances.

Showcasing its rapid evolution and strengthening global presence, iPay continues to position itself at the forefront of Sri Lanka’s digital financial ecosystem through its robust cross-border payment capabilities. iPay facilitates Lanka QR-enabled international transactions across key global networks, enabling seamless QR-based payments for foreign visitors. This includes UPI transactions, which allow Indian travellers to make instant payments in Sri Lanka by simply scanning a QR code, while AliPay supports users from broader Asian markets, and UnionPay serves as a key payment gateway for Chinese customers.

Reflecting this growing adoption, iPay recorded cumulatively exceeding LKR 22.05 million in total during year 2025 showcasing iPay’s ability to eliminate traditional payment barriers for international users, offering a fast, secure, and hassle-free payment experience through simple QR-based transactions.

Further reinforcing its leadership in digital payments, iPay now enables transactions across 254 government institutions, spanning over 3,110 sub-services, delivering unmatched convenience and accessibility to users nationwide. This expanding reach highlights iPay’s transformation from a domestically rooted FinTech solution into a fully-fledged, globally connected digital platform - bridging borders, enhancing financial inclusivity, and enabling effortless transactions for customers both within Sri Lanka and beyond.

Mr. Conrad Dias, Chairman of LOLC Finance and Founder of iPay, added, “Digital innovation is no longer a differentiator but a necessity in shaping resilient financial ecosystems. These recognitions reflect LOLC Finance’s ability to continuously evolve within the digital payments landscape with precision and foresight. Through platforms such as iPay and LOLC Real Time, we continue to introduce secure, intuitive, and scalable solutions that enhance customer convenience while strengthening confidence in digital financial interactions. As digital adoption accelerates, we remain committed to building a future-ready financial environment that is inclusive, secure, and resilient.”

By securing the Overall Excellence Award for seven consecutive years driven by the continued success and innovation of iPay LOLC Finance PLC has firmly established itself as the benchmark for digital excellence at the LankaPay Technnovation Awards.