LOLC Finance iPay platform offers convenience to its customers

LOLC Finance PLC, one of Sri Lanka’s Non-Banking Financial Institution (NBFI), has unveiled yet another financial service and convenience to its customers.

The LOLC Finance Digital Speed Draft is the latest innovation of LOLC Finance. It is an advancement of the conventional Speed Draft facility that LOLC introduced over a decade ago which became a pioneering lending solution that won the hearts of many people across the country.

However, this ground-breaking product which has now been re-introduced by LOLC Finance with a host of added features by linking it with the revolutionary payment aggregator platform, iPay offers unparalleled convenience and speed to customers seeking cash for diverse, urgent requirements.

Conrad Dias, Director and CEO of LOLC Finance said, “With the digitalization of the LOLC Finance Speed Draft it will give the customer the opportunity of operating his or her Speed Draft facility from the comfort of their home or business premises where payments to third parties or withdrawals of their own accounts as well as repayments from any bank account is facilitated using the advanced iPay Digital Platform. Customers can therefore experience greater convenience and increased speed of service”.

LOLC Finance East and Uva Region and Product Head of Speed Draft Yanik Fernando said, “This new product will have all the features that any conventional overdraft facility would have, where the customer could experience firsthand, the flexibility to withdraw and repay whenever he deems it necessary using iPay. The interest will be calculated on the daily balance.”

iPay, a unique payment aggregator introduced by LOLC – Sri Lanka’s most valuable and globally diversified financial conglomerate is a simple, easy to use real-time payment platform which is built on an architecture that allows easy integration with any system. It has been designed with a host of features, giving the user a unique, one of a kind transaction experience.