Sarvodaya Development Finance and FINAP launch CIXOR PayDay

Sarvodaya Development Finance PLC (SDF), in collaboration with Fintechnology Asia Pacific Lanka (Pvt.) Ltd (FINAP), officially launched CIXOR PayDay, a next-generation digital WageTech platform that enables the employees to access a portion of their earned wages in real time, while giving the employers a structured and capital-efficient way to offer this benefit.
Positioned as a financial wellness tool rather than a loan product, CIXOR PayDay is aimed at salaried and wage-earning Sri Lankans facing short-term cash-flow pressures, combining on-demand access to already-earned income with employer-side features that minimise disruption to working capital.
CIXOR PayDay allows eligible employees to securely access part of their accrued wages through a dedicated mobile app, now available on both the Google Play Store and Apple App Store, while the employers benefit from end-of-cycle instant settlement and a pre-approved liquidity float of up to 21 days.
SDF Chief Executive Officer Nilantha Jayanetti said, “Across Sri Lanka, many hardworking people are pushed into debt because their expected and unexpected bills arrives just days before payday. With CIXOR PayDay, we give 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 and it is fully aligned with our mission of promoting financial inclusion and protecting vulnerable communities from predatory lending.”
Eligible employees will be able to view their accrued earnings through the app and request advances within limits agreed with their employer, with funds transferred directly to their designated bank account or wallet. This helps them manage essential expenses and avoid high-cost informal borrowing.
The technology platform powering CIXOR PayDay has been developed by FINAP and promoted by SDF, leveraging FINAP’s experience in delivering enterprise-grade solutions for banks, finance companies and other regulated institutions across the region.
FINAP Founder and Chief Executive Officer Dr. Kutila Pinto said, “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 SDF brings this concept into Sri Lanka’s formal financial system as one of the world’s first dual-sided WageTech platforms, delivering flexibility to both employees and employers through an independent, risk-managed infrastructure.”
The solution has been designed with emphasis on responsible usage, data security and regulatory compliance. The 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 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 the employees, while helping the employers support their people without permanently raising fixed costs.”