Sarvodaya Development Finance PLC (SDF), in partnership with Fintechnology Asia Pacific Lanka Pvt Ltd (FINAP), has launched CIXOR PayDay, an innovative digital WageTech platform. This platform allows employees to access a portion of their earned wages in real-time, while providing employers with a structured and capital-efficient method to offer this benefit.
CIXOR PayDay is positioned not as a loan product but as a financial wellness tool aimed at salaried and wage-earning Sri Lankans dealing with short-term cash-flow issues. It provides on-demand access to already-earned income and includes employer-side features that minimize disruption to working capital.
Eligible employees can securely access part of their accrued wages using a dedicated mobile app, available on both the Google Play Store and Apple App Store. Employers benefit from end-of-cycle instant settlement and a pre-approved liquidity float of up to 21 days.
Nilantha Jayanetti, Chief Executive Officer of Sarvodaya Development Finance PLC, stated: “Across Sri Lanka, many hardworking people are pushed into debt because their expected and unexpected bills arrive just days before payday. With CIXOR PayDay, we offer them a regulated, transparent alternative by allowing access to a portion of the salary they have already earned. This is a healthier, more responsible way to manage short-term financial stress, aligning with our mission to promote financial inclusion and protect vulnerable communities from predatory lending.”
Through the app, eligible employees can view their accrued earnings and request advances within limits agreed upon with their employer, with funds transferred directly to their designated bank account or wallet. This feature helps them manage essential expenses and avoid high-cost informal borrowing.
The technology platform behind CIXOR PayDay is developed by Fintechnology Asia Pacific Lanka Pvt Ltd (FINAP) and promoted by Sarvodaya Development Finance PLC, leveraging FINAP’s expertise in delivering enterprise-grade solutions for banks, finance companies, and other regulated institutions across the region.
Dr. Kutila Pinto, Founder and Chief Executive Officer of FINAP, commented: “Earned wage access has emerged globally as an innovative employee benefit because it addresses the stress created by the timing mismatch between income and expenses. With CIXOR PayDay, our collaboration with Sarvodaya Development Finance introduces this concept into Sri Lanka’s formal financial system as one of the world’s first dual-sided WageTech platforms, providing flexibility to both employees and employers through an independent, risk-managed infrastructure.”
The solution emphasizes responsible usage, data security, and regulatory compliance. Users will have clear visibility of applicable fees and limits on the proportion of wages that can be withdrawn early, supported by safeguards governing how customer information is handled.
The service was officially launched on December 11, 2025, and will initially be introduced through selected employers before being expanded to a broader employee base.
“The current economic environment has highlighted the need for practical, responsible financial tools,” Jayanetti added. “Allowing controlled, on-demand access to wages already earned can ease day-to-day financial stress for employees, while helping employers support their people without permanently raising fixed costs.”
