People’s Wave Mobile Banking app wins ‘Best Mobile Electronic Payment Initiative’

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.

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