📈 People’s Bank and Lanka Securities Launch Sri Lanka’s First Integrated Banking & Equity Trading Platform

In a pioneering partnership, People’s Bank has joined forces with Lanka Securities Ltd. (LSL) to integrate direct share trading functionality into its flagship mobile wallet app, People’s Pay. This marks Sri Lanka’s first combined digital banking and equity investment platform. • Key Features & Platform Capabilities: • Seamless fund transfers between People’s Bank accounts and Central Depository System (CDS) accounts. • Direct opening of new CDS accounts via the People’s Pay app for instant share market access. • Integrated portfolio management, allowing users to track equities alongside bank balances. • Real-time trading directly on the Colombo Stock Exchange (CSE) via mobile smartphones. • Strategic & Institutional Value: • People’s Bank: Opens a new non-interest revenue stream through shared trading income while enhancing its digital banking offerings. • Lanka Securities (LSL): Expands retail distribution by tapping into People’s Bank’s vast national customer base and digital infrastructure. • National Impact: Supports government digitization goals and democratizes equity market participation to build a more inclusive financial services ecosystem. • Future Outlook: • Sets the stage for upcoming wealth management offerings, including bundled investment products, financial literacy tools, and enhanced real-time trading analytics.