LANKA QR transactions double in 2023
The number of transactions performed through LANKA QR nearly doubled in 2023 while the value of these transactions grew by 71.3% to Rs.3.4 billion. In 2023, LANKA QR facilitated 1,141,000 transactions…
PayPal launches a stablecoin in latest crypto payments push
PayPal Holdings Inc. is rolling out a stablecoin, the first by a large financial company and a potentially significant boost to the sluggish adoption of digital tokens for payments. PayPal…
Nimi Launches NimiKash, Revolutionizing Payroll Management for IT Workers
Nimi, a leading information technology firm specializing in Staff Augmentation and Development, Product Advisory, and Payments Advisory, is proud to announce the launch of its groundbreaking product, NimiKash. Designed specifically…
Sri Lanka’s IT experts demand a national trade policy before entering into future FTAs
An extensive discussion with experts in the fields of Information Technology and International Trade Agreements about the problems in the respective fields and the possible solution measures was held on…
It’s 2023 and Sri Lanka doesn’t have a cyber security authority
Sri Lanka’s Ministry of Technology has confirmed it will have a cyber security authority – at some point. According to local media, state minister Kanaka Herath told the Cyber Security Conference…
Capital Maharaja Group to introduce sustainable transportation powered by blockchain in Sri Lanka
The Capital Maharaja Group (CMG) has joined eTukTuk on its mission to introduce sustainable transportation powered by blockchain in Sri Lanka. The partnership is set to facilitate the growth of the network throughout…
BRICS Countries To Challenge the US Dollar Dominance With A New Form Of Currency
Russia’s State Duma Deputy Chairman Alexander Babakov said Thursday that ideas on creating a new form of currency will be presented at the upcoming BRICS summit in South Africa. “The…
FinTech App Penetration in SEA to reach 84% in 2023
Fintech apps have increased their rate of penetration in Southeast Asia by 3.3 times over the last five years. In 2023, it is to grow by another 2 p.p. ,…
Is Cryptocurrency Useful For Sri Lanka Amid Raging Economic Crisis?
Amid ongoing political unrest in the South Asian country, Sri Lanka has issued a warning to its residents against adopting Bitcoin, claiming that it is “mostly uncontrolled.” The nation’s central…
Sri Lanka’s Central Bank Says no Change in its Cryptocurrency Policy
The Central Bank of Sri Lanka (CBSL) announced that Virtual Currencies including Blockchain-based Cryptocurrencies will remain unregulated in Sri Lanka with no regulatory oversight or safeguards relating to their usage…