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Home Business & Finance Economic Policies

Sri Lanka central bank launches digital payments promotion todayheadline

January 16, 2025
in Economic Policies
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ECONOMYNEXT – Sri Lanka’s central bank has launched a digital payments promotion campaign in Hambantota, it said in a statement.

The campaign, under the theme of ‘Shaping the Future through Digital Transactions’ was launched by governor Nandalal Weerasinghe at the Magam Ruhunupura Administrative Complex in Hambantota.

The campaign was organized by CBSL with the support of District Secretary of Hambantota Bimal Indrajith De Silva, financial institutions and telecommunication service providers.

Weerasinghe emphasized the critical role of modern technology and digital payments in driving the economic development of the country and uplifting the quality of life of citizens.

He highlighted the importance of popularising digital payments among all, with the involvement of government institutions, businesses and financial institutions.

De Silva said there was a need to simplify the processes and use of technology by the financial institutions to serve all segments of society.

Island-wide awareness campaigns would increase the financial inclusion in the remote areas of the country enabling all citizens to benefit from digital payments, CBSL Deputy Governor J P R Karunaratne added.

Banks, finance companies, e-money service providers such as telecommunication companies, and mobile payment application providers present at the event facilitated the registration of digital payment applications and offered guidance to attendees on conveniently using their mobile phones to purchase goods from vendors present using LANKAQR payment method.

The awareness campaign is the first in a series of initiatives by CBSL aimed at accelerating the adoption of digital payments island-wide, aligning with the broader strategy of the Government and CBSL to promote digitalisation. (Colombo/Jan16/2025)

Tags: BankcentraldigitalLankalaunchesPaymentspromotionSritodayheadline
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