LIRNEasia » Nivard Cabraal http://lirneasia.net a regional ICT policy and regulation think tank active across the Asia Pacific Fri, 19 Mar 2010 05:19:11 +0000 en hourly 1 Sri Lanka to regulate m payments? http://lirneasia.net/2009/01/3431/ http://lirneasia.net/2009/01/3431/#comments Sun, 04 Jan 2009 04:14:42 +0000 Rohan Samarajiva http://lirneasia.net/?p=3431 One hopes of course that this will not detract from the Central Bank’s work on bringing inflation down to single digits and rebuilding trust in the banking system.

Sri Lanka will issue new rules covering financial transactions through mobile phones, Central Bank Governor Nivard Cabraal said, as the island’s fast growing celcos join banks to offer new payment methods.

“Given the increased usage of mobile phones for financial transactions, the Central Bank intends to issue new operating guidelines for mobile payments during 2009,” Cabraal said in an annual policy speech Friday.

He said the move was part of an overall effort to improve the confidence in electronic payments, which would also cover payment cards.

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