LOLC Finance PLC with iPay, jointly launched ‘OYES,’ a simplified platform for salary advances. Plausibly a technology-driven solution, to own and to unlock earned salaries. The latest product was launched with the ultimate objective of elevating the financial requirements of the Nation’s workforce whenever they aspire. OYES will now function as a facilitator in drawing salary advances, by offering easy access with the help of a KIOSK or through iPay mobile app to ones earned salary.
The Sri Lankan middle class and upper-lower salaried workforces engaged in multiple sectors and industries are frequently in need of quick access to credit facilities during unforeseen economic circumstances. Thus, cash emergencies remain a frequent requirement for these communities.
The inauguration was ceremonially contracted by Conrad Dias, Chairman of LOLC Finance PLC, Krishan Thilakaratne, Director/CEO of LOLC Finance PLC, Gunendra Jayasena, Chairman of LOLC Motors, and Kithsiri Gunawardena, Director of LOLC Motors. The ceremony was also graced by the key officials from LOLC Finance and LOLC Motors.
On the day of the launch, Conrad Dias, Chairman of LOLC Finance PLC, as the visionary behind the idea of OYES, steered a complete dialogue on the functionalities of the new platform. He said “Our approach is very simple, OYES is not another payday loan, but we are enabling the employees to essentially draw their earned salary. OYES is promoting financial wellness to the employee while providing an obvious value addition to the employer, to attract and to recruit more talent. We make ‘every day a payday’ to the employees on behalf of the employer.”