People’s Wave Mobile Banking App by People’s Bank was recognized as the 'Best Mobile Electronic Payment Initiative' at the Asian Digital Finance Forum and Awards event held recently in Colombo.

Several leading dignitaries participated in the event organised by the Asian FinTech Academy (AFTA) including Dharmasri Kumaratunge - Assistant Governor of the Central Bank of Sri Lanka, Rajkumar Kanagasingam - President of the FinTech Association of Sri Lanka (FASL), and Takeshi Kito - Vice-chair, Fintech Association of Japan. People's Bank was represented by Chairman Sujeewa Rajapakse, Chief Executive Officer/General Manager Ranjith Kodituwakku, and Chief Digital Officer Mangala Kariyawasam.

People’s Wave is a revolutionary and the most downloaded finance app in Sri Lanka with over 1 million active users since its launch in 2018. Integrated to the Bank’s core system, the app allows customers to carry out over 50 different banking transactions from the comfort of their homes or offices, without having to step into a branch. The app offers many useful features including balance inquiries of multiple accounts, loans and credit cards, payments, bill payments, transaction history, fund transfers to own or third-party People’s Bank or other bank accounts and set future-date transfers and standing orders. With over 70% of active People’s Wave users outside the Western Province, the app has made a significant contribution to the Bank’s mission of driving financial inclusivity.

Back in 2015, the bank embarked on an industry-leading digital transformation journey by taking a pioneering role in digitalization and customer engagement. Since then, People’s Bank has been delivering a wide array of diversified, world-class digital banking solutions that have provided enhanced convenience, speed, efficiency and security to customers at every point in their interactions with the bank. Notably, People’s Bank has taken these digital financial services to even the more rural parts of the island, achieving unmatched levels of success in supporting the nation’s evolution into a digital society.

Asian FinTech Academy (AFTA) is affiliated with Colorado, USA based International Board of Standards (IBS), a certifying body which operates in over 40 nations worldwide. The IBS owns the certifications and trademarks conferred by the Global Academy of Finance and Management (GAFM).