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The LankaPay Technnovation Awards is back!

“One person pays and the others immediately Venmo the cash,” explains Frank Cutitta. In the US, this is how technology is changing the way a bill at dinner is split amongst a group. Apps like Venmo bring convenience to fingertips. And despite positive efforts like NTB releasing an API, Sri Lanka is far from such convenience. Yet, LankaClear wants to encourage this to change with the LankaPay Technnovation Awards 2018.

Lankapay Technnovation Awards

Channa De Silva – CEO of LankaClear speaking at the launch of the LankaPay Technnovation Awards (Image credits: LankaPay)

In case you’re lost, the LankaPay Technnovation Awards is an initiative by LankaClear. Its goal is to recognize entities that have made the process of making payments more convenient. The initiative began last year as a way of promoting financial inclusivity. And now its back for a second time happening on the 20th of September 2018 at the Shangri-La Hotel.

The event will feature a yet to be announced international keynote speaker sharing insights on the future of payment technologies. But the star of the event is the awards itself. These awards are open to Banks, non-banking financial institutions, and FinTech service providers. And there are 15 awards up for grabs.

LankaPay Technnovation Awards - Categories

There are 15 awards up for grabs

Some of the awards that the applicants would be competing for are: Overall Winner for Excellence in Interbank Payments-Banking Category, Overall Winner for Excellence in Interbank Payments-Non-Banking Category, Bank of the Year for Excellence in Customer Convenience, Best Common ATM Acquirer of the Year, Best Bank for Seamless Back-end Operations Bank of the Year for Financial Inclusivity.

Additionally, there are also awards to recognize: Most Innovative Bank of the Year, Financial Institution of the Year for Customer Convenience, Most Popular Electronic Payment Product-banking and non-banking financial institutions, Most Popular Electronic Payment Product-FinTech category, Best Mobile Payment Application of the Year, Best Bank for Retail Payments, Best Application for Retail Payments, Best Acquirer on LankaPay Online Payment Platform and Best Acquirer for US Dollar Online Clearing.

LankaPay Technnovation Awards

Wasantha Deshapriya – Chairman of the judging panel speaking at the launch

Ultimately, the winners would be decided by a panel of judges led by Wasantha Deshapriya – Secretary to the Ministry of Telecommunication and Digital Infrastructure. Who these winners will be are a mystery for now. One we shall know on the 20th of September 2018. We wish all the applicants the best of luck and hope they continue their work towards making payments more convenient and accessible in Sri Lanka.

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