📈 Sri Lanka Targets US$ 15 Bn Digital Economy by 2030

The Government of Sri Lanka has announced a strategic roadmap to digitize 100% of state transactions and scale the digital economy to US$ 15 Bn by 2030, supported by the Ministry of Digital Economy and public-private partnerships. • Strategic Milestones: The ‘Access Unlocked V2.0’ initiative, launched in collaboration with Mastercard, introduced South Asia’s first Mastercard SoundBox and SoftPOS solutions to reduce barriers for digital payment adoption. • SME Empowerment: Focus is placed on providing low-cost digital payment infrastructure for Small and Medium Enterprises (SMEs) to drive financial inclusion and integrate local entrepreneurs into the global market. • Technological Integration: New services powered by Mastercard Merchant Cloud allow small business owners to accept digital payments via mobile devices, eliminating the need for expensive traditional hardware. • Economic Impact: The transition aims to increase national transparency and accelerate the ICT/BPM and FinTech sectors, which are critical for sustainable economic growth and modernizing the country’s financial ecosystem.