PayMaster wins big at LankaPay Technnovation 2023 Awards

Leading home-grown one-stop payment app PayMaster has won two awards at the recent
LankaPay Technnovation 2023 Awards. The app won the Gold Award for Best Mobile
Application for Retails Payments in the Fintech sector and a Merit Award for Most Popular
Digital Payment App of the Year.
The PayMaster app has quickly gained the trust of Sri Lankan consumers in just four years by
providing a wide range of financial technology services to meet the daily payment needs of
Sri Lankans. The app is powered by JustPay, Sri Lanka’s national mobile payment processing
network, which operates under the full supervision of the Central Bank of Sri Lanka.
Through the PayMaster app, users can easily fulfill their online payment needs, including local
currency exchange, 18 types of bill payments, doctor channeling, medicine search (Medi
Search), sending money to Sri Lanka from abroad, paying for goods and services in Sri Lanka,
and donating money to help Sri Lanka from abroad, among many other services.
One of the PayMaster app’s unique features is the PayMaster Money Transfer service, which
provides customers with the convenience of transferring money through a single app, even if
they have several bank accounts with different banks. This service has gained great
popularity by avoiding the inconvenience of switching to separate apps from bank to bank
and providing fast and reliable service.
In addition, the PayMaster app offers an in-app credit service to pay bills in case of a cash
emergency. Customers can easily access credit for bill payment, and there are many
convenient payment methods available to them. It’s worth noting that the Medi Search
service, introduced last year, is a completely free service and is a social responsibility
initiative by PayMaster. This service has become very popular among Sri Lankans, allowing
customers to easily find the nearest pharmacy that has the medicines they are looking for
from the comfort of their homes.
This year, the PayMaster app has introduced a new service that allows users to send money
from abroad to Sri Lanka easily. Users can add their credit or debit card to send money,
even if they don’t have cash on hand. This feature enables users to send money from any
country around the world to any bank account in Sri Lanka in just two seconds.
PayMaster’s success can be attributed to the app’s ability to complete more than one billion
transactions in a very short period, which is proof of the trust that customers have placed in
it. Winning two awards at the LankaPay Technnovation 2023 Awards is a testament to the
app’s success and the commitment of the PayMaster team to provide innovative financial
technology services to Sri Lankans.

From left: PayMaster Solutions (Pvt.) Ltd Chief Product Officer Nimanthi Dissanayake,
LankaPay Chairman Kenneth De Silva, Central Bank of Sri Lanka Deputy Governor
T.M.J.Y.P. Fernando, PayMaster Solutions (Pvt.) Ltd Director/Chief Executive Officer Ransika
De Silva and Lanka Pay Institute CEO Channa De Silva

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