Mobile Payment in Sri Lanka: Market Demand Assessment

Mobile Payment in Sri Lanka: Market Demand Assessment

The IFC commissioned a report on an assessment of the market demand of mobile payment services in Sri Lanka.

Reasons for the study:

    • Lack of reach to the bottom of the pyramid segments: Financial institutions have been limited in expanding their services to reach more people at the base of the pyramid. High cost and limited infrastructure means that more affordable solutions are needed.
    • Mobile, or branchless banking as a solution: Due to large unbanked population and widespread use of mobile phones, mobile banking offers a new business model and delivery channel, to increase financial access to a wide range of services while reducing transaction costs.
  • Demand for mobile banking in Sri Lanka: With no proven models of mobile banking in Sri Lanka, this study was conducted to understand the demand for mobile based financial solutions, to help establish the availability of a viable business model for such services in the country.

Downloads

zp8497586rq
zp8497586rq

Related Articles

Building Resilient Healthcare Supply Chains Across Asia Pacific

Building Resilient Healthcare Supply Chains Across Asia Pacific

The COVID-19 pandemic exposed critical vulnerabilities in global healthcare supply chains. In response, this initiative, led by the National Center...

16 Jun 2025 Reports
The UK’s Digital and Data Opportunity: Public Services for a New Era

The UK’s Digital and Data Opportunity: Public Services for a New Era

The UK government’s forthcoming spending review will be a clear indication of the government’s commitment, revealing through its funding allocations...

9 Jun 2025 Reports
Accelerating Trade Efficiency in APEC: Promoting the Utilisation of Paperless Trade Platforms

Accelerating Trade Efficiency in APEC: Promoting the Utilisation of Paperless Trade Platforms

As trade volume and importance grow across APEC, improving efficiency has become critical to sustaining trade growth. One key solution?...

29 May 2025 Reports
Impact of Competitive Digital Markets in Japan and South Korea

Impact of Competitive Digital Markets in Japan and South Korea

The global economy today has become digital-centric, with virtually every type of stakeholder increasingly reliant on digital activities and platforms...

12 May 2025 General