SL Fintech Forum Marks 1st Year: Targets Less-Cash Economy! 🚀

• The Fintech Forum Sri Lanka celebrated its 1st anniversary and inaugural AGM, successfully uniting the fragmented financial ecosystem, including banks, NBFIs, fintech companies, and regulators. • National Goal Defined: The industry has agreed on a shared target to reduce the country’s cash in circulation-to-GDP ratio from 4.5% to 3.5% within three years, aiming for a less-cash economy. • The milestone was capped by the successful Sri Lanka Fintech Summit 2025, which secured industry-wide consensus and attracted global fintech leaders. • Future Focus: The Forum is now focusing on building international partnerships, driving financial inclusivity, and positioning Sri Lanka as a regional fintech centre of excellence. • Regional collaboration is driven through the Asia Fintech Alliance, connecting SL with 14 other Asian fintech associations to boost visibility and investment. • The initiative to build talent was launched through the Finnovation Lab, mentoring over 200 interns and students. • With support from LankaPay and policy guidance from CBSL, the groundwork is set to align industry initiatives with the national digital agenda.