LankaPay Technnovation Awards 2024 to celebrate vision beyond borders

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LankaPay announced the sixth edition of the LankaPay Technnovation Awards, Sri Lanka’s pioneering and the only payment technology innovation awards programme, to recognise the payment technology innovators. 
The de facto recognition standard and one of the most looked forward to events amongst the country’s banking fraternity, kicked off with the much-awaited online poll for the Most Popular Digital Payment Product of the Year on February 09, 2024. The grand finale is scheduled to be held on March 20, 2024, at Shangri-La Hotel, Colombo. 
Initiated in 2017, the LankaPay Technnovation Awards is Sri Lanka’s first and the only payment technology innovation awards event, which aims to recognise the pioneers 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.

The country’s financial sector has been one of the most resilient sectors and fastest growing sectors that has shouldered the stability of the national economy, amidst numerous challenges. In the ever-changing landscape of finance and technology, Sri Lanka too has been able to keep pace with its regional counterparts, in terms of its digital transformation. In the year 2022/23, the financial transactions carried out via the LankaPay network exceeded Rs.27 trillion in value, compared to Rs.18 trillion in the preceding year. 
Marking a remarkable turning point in the country’s digital evolution, LankaPay, as the country’s national payment network, embarked on a journey beyond borders, with its renewed vision to go global. Guided by a vision beyond the ordinary, this isn’t a solitary flight but truly a collective effort by the entire financial sector to thrive and soar above the rest. 
The LankaPay Technnovation Awards is a tribute to those eagle-eyed financial institutions and fintechs, which have pioneered the changes in payment technology innovations towards enhancing customer convenience. It’s a platform that recognises those who have seized the opportunities amidst chaos.