People’s Bank declared “Best Digital Bank” in Sri Lanka at Asiamoney Best Bank Awards 2020

People's Bank has been crowned as the “Best Digital Bank” in Sri Lanka at the Asiamoney Best Bank Awards 2020, emphasizing the success of the bank’s accelerated digitalisation drive to realise the vision to become the “Most Digitalised Bank” by 2020.

Each issue of Asiamoney magazine contains in-depth reports and banking awards in up to six markets in Asia-Pacific. Issue one covered the best banks of Sri Lanka, India, Myanmar, Bangladesh, Pakistan and Uzbekistan, the state bank said in a media release.

Sharing his thoughts on the bank’s latest award, People’s Bank Chief Executive Officer / General Manager Ranjith Kodituwakku, “People's Bank is proud to be recognised on the global stage for our commitment to innovation and IT, both of which have become key strengths in achieving our vision. Spearheading the digital drive in Sri Lanka’s banking sector, we were the pioneers to launch Sri Lanka’s first ever Innovation Centre, to further strengthen our innovation drive and digital initiatives. We have accelerated our digitalisation drive to realise our vision to become the “Most Digitalised Bank by 2020”.”

People's Bank’s digitalisation drive has witnessed a number of ground-breaking digital initiatives being launched in the local market. The bank is the pioneer to launch Self-Banking Units (SBUs), a unique concept consisting of ATMs, Cash Deposit Machines (CDMs) and Kiosk machines enabling customers to bank at their convenience 24x7x365. 

“People’s Wave” is the revolutionary mobile banking app which has become the most downloaded finance app in Sri Lanka, gaining an impressive 4.3 rating on Google Play Store and over 570,000 downloads during the short period since its launch in 2018, the release said. 

This app has received international acclamation garnering several awards for its superlative features. “People’s Wiz” is the first-ever digital customer on-boarding application in South East Asia, Africa and the West Asian region. Since its launch, over 500,000 customers have been onboarded digitally through People’s Wiz. “People’s Wyn” is a specially-designed module for corporate clients, which is available as an Internet banking portal and a mobile app.