“This would not have been possible if not for the banks, non-banking financial institutions as well as FinTechs who thrived for customer convenience through payment technology innovations,” the company said in a statement.

The firm is holding a LankaPay Innovation awards on March 21 to recognize, banks, non-banks and FinTech firms who had helped improve customer convenience with new technology.

LankaPay Chief Executive Channa de Silva said technology innovators have far reaching impact in driving the digital economy of the country and LankaPay Technnovation Awards was a platform to bring together the financial sector and reward technological trailblazers.

“We welcome this partnership and the opportunity to champion the innovators within the finance industry as they work towards developing better solutions for customers across the country,” Michelle Shao, General Manager of UnionPay International Hong Kong Branch said in a statement.