Payment systems Archives — LIRNEasia


An article by an Indian journalist who attended the recently concluded Expert Forum in Islamabad,┬ásummarizes various “Mobile 2.0” initatives deployed by emerging South and Southeast Asian countries in recent years. “Mobile 2.0” applications can be described as those which offer services which are more-than-voice, such as payments, money transfers, and mobile banking. Bus tickets: The use of mobile phone to buy tickets has shown promising results for the public transport system in Sri Lanka.
One of the greatest contributions that can be made to help people pull themselves out of poverty is to facilitate safe, secure, low-cost transactions. Mobile payments which are potentially accessible to almost the entire populations of emerging economies need to be encouraged in this regard. At the beginning of the year, the Central Bank of Sri Lanka indicated it will be making policies for mobile payments. Not having seen much activity on this front, we facilitated a contribution from Muhammed Aslam Hayat, a legal expert currently based in Bangladesh but with extensive regional experience. It was published in the Financial Times, 12 July 2009.