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…
First-ever nationwide Financial Literacy Survey finds 57.9% Sri Lankan adults to be financially literate
The financial literacy rate of Sri Lanka has improved almost by 23percentage points compared to the rate that was reported in 2014 byStandard and Poor’s Ratings Services, as per the…
Central Bank of Sri Lanka Launches the ‘National Remittance Mobile Application’
The Central Bank of Sri Lanka (CBSL) is currently taking steps to increase the inflows of foreign remittances to Sri Lanka as well as encourage the use of formal remittance…
Sri Lanka’s Fintech industry far away from reaching its full potential; Regulatory barriers seen as the main obstacle
By Chanuka Wattegama Sri Lanka’s Fintech industry has a long way to go before reaching its full potential, compared to some of its more developed neighbours such as Singapore and…
Sri Lanka’s Central Bank Completes Blockchain-based Shared KYC POC
The National Payment Council (NPC), Chairperson, and the Central Bank of Sri Lanka (CBSL) Deputy Governor, Yvette Fernando last week presented the Blockchain Technology based Shared KYC POC to the…
Central Bank of Sri Lanka Says no change in its stance on cryptocurrencies
The Central Bank of Sri Lanka (CBSL), Governor, Ajith Nivard Cabraal asserted that there has been no change in the Central Bank’s stance on cryptocurrencies amidst possible measures hinted by…
Sri Lanka’s Central Bank to launch “SL-Remit” mobile app to discourage forex earning transfer through informal channels
As Workers’ remittances inflows continued to tumble for the past three months, the Central Bank of Sri Lanka (CBSL) has decided to “SL-Remit” mobile application with the assistance of key…