Lankapay unveils new strategic direction to strengthen regional presence and contribution to economy
Ada Derana: LankaPay, the National Payment Network of Sri Lanka, has embarked on a new strategic vision, aimed at reinforcing its position within the region and enhancing its contribution to the island nation.
In pursuit of this ambitious goal, the company has recently launched a comprehensive business and organizational development strategy, accompanied by a significant internal restructuring process with the support and advise from the consultancy firm KPMG. Under the dynamic new strategic plan, LankaPay has introduced several key leadership positions, gaining the full endorsement of its Board of Directors.
Notably, Channa de Silva, the current Chief Executive Officer of LankaPay, has been entrusted with the pivotal responsibility of spearheading the expansion of services beyond Sri Lanka to drive cross-border transactions. With his extensive industry and technology expertise and visionary approach, de Silva is set to drive regional growth and position LankaPay as a key player in the international payments landscape.
Complementing de Silva’s efforts, Dinuka Perera has been appointed as the new Deputy Chief Executive Officer to lead the domestic operations of the organization. Having assumed the role on 1 June 2023, Perera brings a wealth of experience to his new position.
Previously serving as the Chief Operating Officer (COO) of LankaPay, Perera played a crucial role in ensuring the seamless operation of the existing payment systems infrastructure. Moreover, he was instrumental in executing and delivering special projects while closely monitoring the achievement of operational and strategic goals.
With over 25 years of diverse experience spanning the public and private sectors, particularly in telecommunications, banking and government, Perera brings a unique perspective to this position. He holds a bachelor’s degree in Computer Science from the University of Regina, Canada, a master’s degree in Business Administration from the Postgraduate Institute of Management (PIM), Colombo and prestigious certifications such as Project Management Professional (PMP) from the Project Management Institute of USA and Certified Scrum Master (CSM) from Scrum Alliance.
Founded in February 2002, LankaPay operates under the ownership of the Central Bank of Sri Lanka and all CBSL-licensed commercial banks in the country. The entity is regarded as a role model for public-private partnerships in the country.
The company’s new strategic direction, supported by a robust internal restructuring effort and the appointment of exceptional personnel to leadership positions, demonstrates LankaPay’s commitment to driving innovation, fostering regional expansion and empowering Sri Lanka’s financial ecosystem.
Sri Lankan businesses are on a growth and expansion path after facing challenging conditions due to the global pandemic and the economic crisis that followed. Despite the challenges, many businesses in Sri Lanka’s private sector managed to record profits indicating the growth potential of the private sector as well as the overall resilience of the country’s economy. Local businesses are now engaged in investing in further strengthening businesses and expanding their operations. Foreign businesses/investors could therefore explore the expanding opportunities in Sri Lanka.
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