iPay has achieved an impressive milestone by processing transactions exceeding Rs. 300 billion. This achievement comes just six months after the platform surpassed the Rs. 200 billion mark.
This remarkable accomplishment highlights the rapid growth, increasing consumer trust and nationwide acceptance of the game-changing digital lifestyle app.
iPay has been a pioneer in Sri Lanka’s digital payment revolution since its inception, delivering a seamless and secure payment experience to its users. The award-winning app offers a wide range of services, including instant bank transfers, real-time utility bill payments, e-channeling services, mobile reloads, digital savings accounts, and digital fixed deposits.
With a growing merchant base of over 45,000, iPay has made financial transactions more accessible, and convenient for every user reflecting the increasing reliance on digital payments in a rapidly evolving economic landscape.
The platform’s user-friendly interface, available in Sinhala, Tamil, and English, ensures inclusivity and ease of use for a diverse audience. Features like hassle-free registration via a simple selfie, three-step bill payments and secure fund transfers demonstrate iPay’s commitment to simplicity and efficiency. Furthermore, iPay continuously upgrades its offerings, with updated features being released regularly to maximize user experience.
This evolution ensures the delivery of advanced services to both current and future generations, particularly those who are digital natives. Nimesh Fernando, AGM, iPay said, “Reaching this milestone not only affirms our platform’s reliability but also highlights the growing confidence in digital payments among Sri Lankans. We remain committed to enhancing the user experience and adding value through new features, ensuring that iPay continues to be an integral part of our users’ daily lives.”
Hasala Thilakaratne, Head of Consumer Banking & Digital, LOLC Finance emphasized the broader impact of iPay’s achievements, “This milestone is not just a reflection of our success, but a testament to the shift towards a digital economy in Sri Lanka.”
iPay’s steadfast focus on innovation has made it the recipient for numerous awards, including the Gold Award for Best Mobile Application for Retail Payments via Just Pay, and the Gold Award for Most Popular Digital Product (Internet & Mobile Banking) at Technovation 2024. These accolades and recognitions benchmark iPay as a role model for excellence and a pivotal driver in Sri Lanka’s journey towards a digital future.
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