LOLC Finance PLC, Sri Lanka’s largest Non-Banking Financial Institution (NBFI), has reaffirmed its leadership in digital financial services, with its flagship platform iPay 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 commitment to a secure, customer-centric digital ecosystem. At its core, iPay continues to enable seamless financial interactions for individuals and businesses, redefining digital payments.

Further demonstrating its digital strength, LOLC Finance was recognised across multiple categories.

• Overall Excellence in Digital Payments (Non-Bank Financial Institution) – Gold Award
• Best Digital Payment Application for Retail Payments of the Year (Bank and Non-Bank Financial Institutions) – Gold Award
• Best LankaSign Digital Signature Enabler of the Year – Gold Award
• Best Digital Government Payments Enabler of the Year (Non-Bank Financial Institutions) – Gold Award
• Best Cross-Border Transactions Enabler of the Year – Silver Award
• Most 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 payment app into a fully integrated lifestyle platform enables users to manage daily financial needs from merchant payments and fund transfers to utility bill settlements and government payments enhancing convenience while advancing financial inclusion.

Extending its impact beyond consumers, iPay Business empowers SMEs and MSMEs with a comprehensive suite of digital solutions. It supports LankaQR, card, foreign, and bill payment acceptance, along with secure internet payment gateways. Enhanced with tools such as iAds and marketplace features, and upcoming capabilities including booking management systems, inventory management, basic HR, and integrated accounting, iPay Business is positioned as a holistic growth partner.

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 and forward-thinking ethos of LOLC Finance. These accolades highlight the trust placed in us by our customers as we continue to deliver safe, secure, and accessible financial solutions through a digitally enabled ecosystem.”

This recognition has strengthened customer confidence, reflected in the growth of LOLC Finance’s deposit base. Through its ‘One App for Any Bank’ concept, iPay allows users to link multiple accounts in one interface, providing greater flexibility and control over their finances.

Strengthening its global presence, iPay continues to advance cross-border payment capabilities through LankaQR-enabled international transactions. The platform supports UPI payments for Indian travellers, AliPay for broader Asian markets, and UnionPay as a key gateway for Chinese customers, enabling seamless QR-based transactions for foreign visitors in Sri Lanka.

Reflecting this growth, iPay recorded cross-border transaction volumes exceeding LKR 22.05 million in 2025, showcasing its ability to deliver fast, secure, and seamless payment experiences. Further strengthening its leadership, iPay now facilitates transactions across 254 government institutions, covering over 3,110 sub-services, enhancing nationwide accessibility and convenience. This expanding reach highlights its evolution into a globally connected platform promoting financial inclusivity.

Mr. Conrad Dias, Chairman of LOLC Finance and Founder of iPay, added, “These recognitions reflect our commitment to continuously evolving within the digital payments landscape. Through platforms such as iPay and LOLC Real Time ,we remain focused on delivering secure, scalable, and customer- centric solutions that strengthen confidence in digital financial interactions.”

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

Mr. Conrad Dias, Chairman, LOLC Finance PLC and Mr. Krishan Thilakaratne, Director/Chief Executive Officer, LOLC Finance PLC together with the LOLC Finance team accepting the Overall Excellence Award at Technnovation Awards 2026