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People's Bank and Mastercard unveil hi-tech virtual debit card via People's Pay App
Daily FT
|July 03, 2025
PEOPLE’S Bank, has embarked on a landmark digital transformation journey. As part of its mission to redefine customer convenience and spearhead innovation in the local banking sector, the bank has introduced a revolutionary product in collaboration with global payment technology leader Mastercard.
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In a significant stride toward advancing financial technology, People’s Bank has partnered with Mastercard to launch a cutting-edge Mastercard virtual debit card. This pioneering initiative marks a notable shift in Sri Lanka's banking landscape and reflects the bank's unwavering commitment to integrating global innovation with local financial needs.
The new Mastercard virtual debit card, which integrates seamlessly with the People's Pay App, offers customers a globally accepted, secure, and efficient payment experience. The launch is expected to enhance the way customers interact with their finances, providing instant access to digital payments, seamless transactions, and exciting reward benefits across multiple platforms — both locally and internationally.
This story is from the July 03, 2025 edition of Daily FT.
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