CBSL launches digital payments promotion campaign

Friday, 17 January 2025 00:02 - - {{hitsCtrl.values.hits}}

Launch of the Digital Payments Promotion Campaign

CBSL Governor Dr. Nandalal Weerasinghe makes a LANKAQR digital payment

The Digital Payments Promotion Campaign 2025 under the theme of “Shaping the future through digital transactions” was launched by Central Bank Governor Dr. Nandalal Weerasinghe on 9 January, at the Magam Ruhunupura Administrative Complex in Hambantota.

The campaign was organised by CBSL with the support of Hambantota District Secretary Bimal Indrajith De Silva, financial institutions and telecommunication service providers. The event was attended by a large number of public officials, Micro, Small and Medium Enterprises (MSMEs), and the general public.

In his address, the Governor emphasised the critical role of modern technology and digital payments in driving the economic development of the country and uplifting the quality of life of the citizens. He highlighted the importance of popularising digital payments among all, with the involvement of Government institutions, businesses and financial institutions.

Addressing the gathering, Bimal Indrajith De Silva highlighted the need to simplify the processes and use of technology by the financial institutions to serve all segments of the society. CBSL Deputy Governor J.P.R. Karunaratne stated that similar island-wide awareness campaigns would increase the financial inclusion in the remote areas of the country enabling all citizens to benefit from digital payments.

At this occasion, banks, finance companies, e-money service providers such as telecommunication companies, and mobile payment application providers, facilitated the registration of digital payment applications and offered guidance to the attendees on conveniently using their mobile phones to purchase goods from the vendors present at the venue using LANKAQR payment method, which is a fast, safe, less expensive and an easy way to make payments for their daily needs.

This 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 sustainable and inclusive economic growth through digitalisation.