Sri Lanka’s central bank in drive to increase digital payments

Digital payments, understood as all those other than cards and cash, will represent 79 percent of global e-commerce by 2030, with an expenditure of $8.6 trillion (trillions) of dollars, according to The Global Payments Report 2025. Worldpay’s study’s projection is that e-commerce spending will grow from $6.8 trillion in 2024 to $10.8 trillion by the end of the decade. A decade of growth in digital payments The study documents how the share of e-…

Sri Lanka’s central bank in drive to increase digital payments

ECONOMYNEXT – Sri Lanka’s central bank will conduct a digital payments promotion in the hillside town of Nuwara Eliya, to encourage people to register for mobile payment apps. “At this event, it is expected to facilitate the public to register for mobile payment apps, to enable making digital payments for their daily needs, which is safe, convenient, and less expensive compared to using cash for such payments,” the monetary authority said. Mobil…