Mastercard announces agreement with Fintech Digital to accelerate financial inclusion in Sri Lanka

Fintech Digital Founder and CEO Hithesh Fernando together with Mastercard Country Manager Sri Lanka and Maldives Sandun Hapugoda following the signing of the agreement. Also seen (from left): Mastercard Manager - Account Management Shashi Madanayaka and Fintech Digital Director Strategic Partnerships Petula Wijesinghe 

Mastercard recently announced an agreement with Fintech Digital Ltd., a firm that specialises in introducing fintech innovations to the Sri Lankan banking and finance industry. 

As part of this agreement, Mastercard and Fintech Digital will work towards accelerating financial inclusion in Sri Lanka by improving financial literacy and building greater awareness around digital payments. 

Fintech Digital will leverage its AnybanQ.lk platform to promote tools and solutions for digital onboarding of customers and merchants to formal banking channels, leading towards increased financial inclusion. It is expected that the general public will enjoy greater convenience when choosing the right financial product for them. AnybanQ.lk enables customers to research about and subscribe to products and services offered by banks in Sri Lanka.

Fintech Digital CEO and Founder Hithesh Fernando said, “With free access to AnybanQ.lk, users will directly benefit from an easier decision-making process when choosing which banking and financial solutions they would like to utilise, based on their needs. We are also making efforts to engage with regulators, partner banks and key stakeholders to address Sri Lanka’s current foreign reserve challenge via this digital platform.”

Fintech Digital Co-Founder Ashan Jayasinghe said, “AnybanQ.lk is a platform that has been developed with the motives of integrating future open banking and metaverse technology adaptabilities. In addition to this, it will support environment, social and governance (ESG) paperless onboarding with many more integrable connections to make banking and finance more convenient to its users/customers. With the support of Mastercard, we believe that we could enter the global space where a positive impact can be made to the communities.” 

Mastercard Country Manager, Sri Lanka and Maldives Sandun Hapugoda said, “Mastercard strives to drive financial inclusion by creating and supporting robust programs that improve digital skills and financial literacy across different segments of the population. Here in Sri Lanka, Mastercard is delighted to partner with Fintech Digital to bring more people into the digital economy, while also supporting the firm in its efforts to expand internationally.”

Mastercard and Fintech Digital will work together to provide the public with simple, secure, meaningful access and education to help people better understand digital banking related products and services.