WEBXPAY has announced the appointment of Thilak Piyadigama as its new Executive Chairman, marking a significant step forward in enhancing digital payment solutions in Sri Lanka. With over 30 years of expertise in banking and technology, Piyadigama brings a wealth of experience to his new role. Piyadigama is set to lead WEBXPAY into an era
More than 135,000 beneficiaries of Sri Lanka’s Aswesuma poverty alleviation program cannot receive their monthly payments due to not having bank accounts, a top government official has stated. Although the government has approved 1.8 million households as Aswesuma beneficiaries from last year’s applicants, around 200,000 beneficiaries have not received any benefits, according to the official.
Sarvodaya Development Finance (SDF) has reported its highest-ever profits for the financial year 2023/24, driven by significant growth in key financial metrics: SDF’s Total Assets grew by 27.7%, surpassing the industry average of 7.7%, while the Lending Portfolio increased by 29.5% against the industry average of 4.5%. Deposits rose by 21%, outpacing the industry’s 8.8%.