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People's Bank Rings Openings Bell at CSE to Mark Integration of Share Trading Facility to People's Pay App
People’s Bank ringing the market opening bell at the Colombo Stock Exchange (CSE) marked a significant milestone in the Bank’s digital transformation journey, celebrating its pioneering partnership with Lanka Securities (Pvt) Ltd (LSL) to integrate share trading facilities into its flagship mobile wallet application, People’s Pay. This landmark initiative enables customers to access banking and equity trading services through a single digital platform, bringing banking, investment management and share trading together in a seamless and convenient digital experience.
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; Acting Director General Thushara Jayaratne; People’s Bank Chief Executive Officer/General Manager Clive Fonseka; Colombo Stock Exchange Chairman Dimuthu Abeyesekera; Chief Executive Officer Rajeeva Bandaranaike; Chief Regulatory Officer Nilupa Perera; Lanka Securities Managing Director Kosala Gamage; members of the Bank’s corporate and executive management; corporate leaders; industry representatives; special invitees; and other officials.
Through this integration, People’s Pay users can transfer funds between their bank accounts and Central Depository System (CDS) accounts, open new CDS accounts with Lanka Securities, view their investment portfolios alongside their bank balances, and manage equity transactions through the same application. The initiative simplifies access to investment services while enhancing customer convenience through digital technology.
Commenting on the initiative, People’s Bank Chairman Chandana Guniyangoda said, “People’s Bank remains committed to supporting Sri Lanka’s economic progress through innovation and digital transformation. This initiative, aligned with the Government’s digitalisation agenda, brings banking and investment services together on a single platform, promoting greater accessibility and financial inclusion.”
People’s Bank Chief Executive Officer/General Manager Clive Fonseka said, “People's Bank has always been at the forefront of taking the digital banking benefits to the masses with introduction of true value features. The integration is yet another milestone in that journey. Through our partnership with Lanka Securities, we are enhancing customer convenience and expanding access to investment opportunities through a seamless, integrated digital experience.”
Colombo Stock Exchange Chairman Dimuthu Abeyesekera, said "This partnership demonstrates what can be achieved through collaboration between stakeholders in the capital market. Wider participation deepens market liquidity and channels more savings into productive investment, which ultimately supports Sri Lanka’s economic growth. We congratulate People’s Bank and Lanka Securities on this milestone.”
Lanka Securities Managing Director Kosala Gamage said, “Our partnership with People’s Bank combines our expertise to make equity investment more accessible and convenient. By integrating banking and share trading through People’s Pay, we aim to encourage wider participation in Sri Lanka’s capital market.”
The collaboration is expected to create new opportunities for both institutions while delivering benefits to customers. For People’s Bank, the integration strengthens its digital service offering and enhances market differentiation. For customers, it provides convenient access to equity investment and the Colombo Stock Exchange, enabling them to explore portfolio diversification and manage their financial activities directly through their smartphones.
