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

2024 CCAPAC Report: AI and Cybersecurity

2024 CCAPAC Report: AI and Cybersecurity

As Artificial Intelligence (AI) becomes increasingly integrated into various sectors across the Asia-Pacific region, cybersecurity risks are growing in complexity....

18 Oct 2024 Reports
The State of Healthcare Supply Chains in APEC: A Year-in-Review

The State of Healthcare Supply Chains in APEC: A Year-in-Review

Healthcare companies across APEC have made big moves to strengthen their resilience in 2023. As a follow-up to our study...

4 Oct 2024 Reports
Advantage Southeast Asia: Emerging AI Leader

Advantage Southeast Asia: Emerging AI Leader

Artificial intelligence (AI) is offering a once-in-a-generation opportunity for economic growth and societal transformation, with the conversation dominated by the...

2 Oct 2024 General
Advancing Malaysia’s Digital Potential through AI with Google

Advancing Malaysia’s Digital Potential through AI with Google

Malaysia’s ambition to become a high-income, digital-first nation is clear in the MADANI Economy framework. Recent discussions on investor-friendly policies...

1 Oct 2024 General