KOKO Makes Winning Debut with Overall Gold at LankaPay Technnovation Awards | Daily FT
Analysis Summary
- Propaganda Score
- 0% (confidence: 100%)
- Summary
- The article reports on KOKO's recognition at the LankaPay Technnovation Awards 2026, highlighting its awards for digital payments innovation and growth metrics. It includes quotes from company leadership and industry officials emphasizing KOKO's role in Sri Lanka's fintech ecosystem.
Fact-Check Results
“Michael Sathasivam, Regional CEO of KOKO receiving the Overall Gold from Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka.”
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“The KOKO team; (from L to R) Piyumini Jayawardene (Head of Legal), Fayaz Fazul (Head ofProduct), Shimry Naizer (Head of Strategic Partnerships and Alliances), Gihan Thakshara (Dataand Risk Manager), Luke Perera (Head of Commercial), Dinuki Karunatilake (Head of KOKO),Shennon Perera (Marketplace Manager), Michael Sathasivam (Regional CEO - KOKO), RazikLafir (Manager - Collections and Care), Zaidh Ishan (Product Marketing Analyst), UchithaKotelawela (Manager – Finance Business Partnering), Jonathan Sundersingh (Lead HRBP).”
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“The award haul of the Gold “Overall Award for Excellence in Digital Payments” alongside the three category gold awards.”
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“KOKO, Sri Lanka’s premier BNPL platform and fintech innovator, won the Overall Gold Award for Excellence in Digital Payments together with three category Gold Awards at the Grand Finale of the LankaPay Technnovation Awards 2026, marking a standout result in the company’s first year of participation.”
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“KOKO received Gold for Best Enabler for LankaSign Digital Signatures, Most Popular Digital Payment Solution, and Best Digital Payment App for Retail Payments.”
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“KOKO was also shortlisted for Best Institution for Financial Inclusivity.”
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“During the year under review, the company enabled approximately LKR 4 billion in transactions, recorded 100,000 registered JustPay users, and supported 1,200 merchants on the KOKO system.”
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“KOKO also achieved an 846% year-on-year increase in users and merchants, reinforcing its position as one of the fastest-growing digital payment businesses in the country.”
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“Today, KOKO serves roughly 2 million users and is available across approximately 6,500 merchants, reflecting the breadth of its presence in everyday commerce.”
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“KOKO is incubated under Daraz, a part of the Unicorn fintech blue chip; Ant Group.”
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“Since its launch in 2020, KOKO has been focused on enhancing the shopping experience for both merchants and consumers through flexible, interest-free payment solutions for online and in-store purchases.”
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