LOLC Finance Wins Three Awards At Lankapay Technnovation Awards 2017

Jun 30, 2017

Sri Lanka's non-banking financial institution (NBFI) giant,LOLC Finance PLC bagged three top awards at the inaugural LankaPay Technnovation Awards 2017held recently, competing against prestigious banks and NBFIs to gain these top positions.

At the glittering awards ceremony, LOLC Finance was bestowed with the following coveted titles: Financial Institution of the year for Customer Convenience, Most Popular Electronic Payment Productand Best Mobile Payment Application of the Year.

LankaPay Technnovation Awards, an initiative of LankaClear, the operator of the national payment network is an effort to enhance the efficiency of the country’s national payment infrastructure and promote the use of electronic transactions.

The awards recognise member banks and non-banking financial institutions who have excelled in electronic transactions during the financial year starting April 1, 2016 to March 31, 2017.

Central Bank of Sri Lanka Governor Dr. Indrajit Coomaraswamy was the Chief Guest. LOLC Finance Director/CEO Ashan Nissanka said, Winning three prestigious awards at the LankaPay Technnovation Awards 2017 clearly demonstrates that our customers have come to embrace our value-added payment process and that it is well accepted in the industry purely due to its hassle-free and user friendly features.

This is also an honour bestowed upon us that pays tribute to the expertise and dedication of our team of professionals.

Conrad Dias, LOLC Group’s Chief Information Officer said, "In the 2015/2016 financial year, the total number of instant transactions through LOLC Real Time was 3,257. However, this has surged tremendously in the last financial year to 28, 394 transactions."

"These statistics as well as the recent wins at the Technnovation Awards prove that LOLC Real Time is now immensely popular amongst customers."