Sri Lanka, an island nation in the Indian Ocean, is experiencing growth in digital payments. The country has a growing mobile phone penetration, and mobile wallets, online banking, and electronic payment gateways are becoming increasingly popular. Sri Lanka’s financial system is gradually modernizing, and the government is promoting the adoption of digital payments to improve financial inclusion. Sri Lanka’s payment system is a blend of traditional and modern methods. While cash transactions are still prevalent, particularly in smaller businesses and across rural areas, credit and debit card usage is growing, particularly in urban areas and among younger demographics. Mobile money services are also expanding, although their penetration remains limited compared to some other South Asian countries. Online banking and electronic transfers are widely used, especially for business transactions. The recent economic crisis significantly impacted the payment system and will likely influence future trends.
Estimated Population
22.3 million
Currency
Sri Lankan rupee (LKR)
All supported payment methods for Sri Lanka:
Visa, Mastercard, American Express, JCB, UnionPay International, Discover, Diners Club, Apple Pay, Google Pay, PayPal, MaestroPopular payment methods
Mastercard
Credit/Debit Cards
Unlock a world of payment possibilities with Mastercard, a trusted global leader in secure and convenient transactions
American Express
Credit/Debit Cards
Elevate your business with American Express, a premium payment network that attracts discerning customers and drives higher-value transactions.
JCB
Credit/Debit Cards
JCB is a leading international payment network, offering a unique opportunity for businesses to reach a growing customer base, especially in Asia-Pacific.
UnionPay International
Credit/Debit Cards
UnionPay is the world’s largest payment network, offering businesses the opportunity to tap into the vast Chinese market and beyond.
Discover
Credit/Debit Cards
Discover is a leading payment network that offers a unique combination of security, rewards, and customer service, making it an attractive option for businesses.
Diners Club
Credit/Debit Cards
Diners Club is a global payment network renowned for its premium services and exclusive benefits, offering businesses access to a discerning clientele.
Apple Pay
Wallets
Apple Pay offers businesses a convenient and secure way to accept payments from iPhone, Apple Watch, and Mac users, enhancing the customer experience and boosting sales.
Google Pay
Wallets
Google Pay empowers businesses to offer a fast, secure, and convenient mobile payment experience, attracting a wide range of customers.
