Company Information

Get to know iPay SriLanka

iPay is a digital payment platform and mobile wallet powered by LOLC Finance PLC, a major regulated financial institution in Sri Lanka. Launched to promote a cashless economy, the application enables users to perform a wide range of financial transactions directly from their smartphones. Key services include linking multiple bank accounts, instant fund transfers, bill payments for utilities and other services, and QR code-based payments at merchant locations via the national LankaQR standard. Its mission is to provide a simple, secure, and convenient payment solution for everyday Sri Lankans.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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iPay SriLanka

Sri Lanka

Founded in

2018 (8 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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--/10

Reviews

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

FSC

ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.