Sri Lanka’s state-run Bank of Ceylon has tied up with an Indian mobile commerce firm to start a text message based electronic payment system that could overtake credit card transactions, officials said.
Bank of Ceylon’s new service allows its six million customers to use pay shops that join the system at the cost of a text message using a system developed by India’s, PayMate.
The mobile transaction service will initially start with selected large merchants like SriLankan Airlines, Odel, Singer, Abans and Stone & String before linking up retailers in rural areas.
“This opens a lot of avenues to merchants because we are bringing them six million of our customers,” Bank of Ceylon’s IT chief Nissanka Janaratne said.
Read the full report in LBO here.
2 Comments
Susantha
Its nice to see a government bank taking the initiative. This indicates ‘Ceylon’ is catching up with the world finally despite all the ostacles its facing. Good work n keep it up.
desilva
i want to check my account details
Responsible AI in Asia: Draft Report Open for Comments
LIRNEasia has drafted a regional (Asia) report for the Global Index on Responsible AI (GIRAI) that focuses on responsible Artificial Intelligence in the Asia region, which is open for public review until April 13, 2025. This report, the final output a Global Center on AI Governance (GCG)-funded project, exists in three main parts: The first section examines where Asia stands in the Global Index, identifying key trends and regional patterns.
Responsible AI in Asia: Summary of Upcoming Report
The following document is a summary of an upcoming regional report for the Global Index on Responsible AI (GIRAI) that focuses on responsible Artificial Intelligence in the Asia region. The broader report, to be released in April 2025 as the final output of a Global Center on AI Governance (GCG)-funded project, was authored by Merl Chandana and Sukitha Bandaranayake from LIRNEasia, with the India case study written by Anushka Jain and Aarushi Gupta (of Digital Futures Lab, India).
LIRNEasia CEO Helani Galpaya at the Canada-in-Asia Conference 2025
LIRNEasia’s CEO Helani Galpaya, participated in the Canada-in-Asia 2025 (CAIC) Conference held in Singapore from February 19-21, 2025. The event, organized by the Asia Pacific Foundation of Canada and Universities Canada, brought together over 800 participants from across Canada and the Asia-Pacific region to discuss investment opportunities and strengthen ties between the two regions.
Links
User Login
Themes
Social
Twitter
Facebook
RSS Feed
Contact
12, Balcombe Place, Colombo 08
Sri Lanka
+94 (0)11 267 1160
+94 (0)11 267 5212
info [at] lirneasia [dot] net
Copyright © 2025 LIRNEasia
a regional ICT policy and regulation think tank active across the Asia Pacific