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People’s Bank-Lanka Securities pioneer integrated banking, share trading platform

In a bold move that redefines the digital banking landscape in Sri Lanka, People’s Bank has partnered with Lanka Securities (Pvt.) Ltd to integrate share trading functionality into its flagship mobile wallet app People’s Pay.

This pioneering collaboration marks the first time in the local market that the customers can seamlessly access both banking and equity trading services through a single digital platform.

The official launch of this initiative was held recently at the People’s Tower auditorium, Colombo 2. The event was attended by People’s Bank Chairman Chandana Guniyangoda, Securities and Exchange Commission of Sri Lanka Chairman Senior Professor D.B.P.H. Hareendra Dissabandara, People’s Bank Directors Gillian Edwards and Dr. Gishan Illangakoon, Chief Executive Officer and General Manager Clive Fonseka, Colombo Stock Exchange Chairman Dimuthu Abeyesekera, Chief Executive Officer Rajeeva Bandaranaike, Lanka Securities Managing Director Kosala Gamage, members of the bank’s corporate and executive management, corporate leaders, industry representatives, special invitees and other officials.

With this innovation, the People’s Pay users can now transfer funds between their bank accounts and Central Depository System (CDS) accounts, open new CDS accounts, view their investment portfolios alongside bank balances and manage their equity transactions with unprecedented ease—all within the same app.

Guniyangoda said, “In line with the government’s digitalisation drive, the bank has yet again proven its commitment to spearhead the country’s digital journey by offering a meaningful, practical and an integrated solution that augurs well for an inclusive digital economy in the country”

Fonseka said, “Our partnership with Lanka Securities reaffirms our commitment to offering the customers not just convenience but a gateway to broaden their financial empowerment through intelligent, integrated solutions.” Gamage commented, “Our combined strengths will deliver a comprehensive financial ecosystem that brings together convenience, transparency and opportunity. This initiative is poised to democratise access to equity investments for thousands of Sri Lankans.”