Cash lite economy News

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Local News

People’s Bank Spearheads Digital Payment Revolution to Advance Cash-Lite Economy.

May 10, 2026 at 12:01 AM

People’s Bank is actively supporting Sri Lanka's transition to a cash-lite economy through the National QR Payment Adoption Programme, leveraging the 'People’s Pay' digital wallet to provide secure, fee-free transactions.

10 sources

People’s Bank Spearheads Digital Payment Revolution to Advance Cash-Lite Economy

Image Credit : sundaytimes.lk

Travel

Image Source : exoticca.com

Why Cash is King: A Traveler's Guide to Avoiding Hidden Costs in the Galápagos.

May 9, 2026 at 4:13 PM

16 sources

Finance

CDB Unveils Nation's First QR Sound Box to Revolutionize Merchant Payments.

Citizens Development Business Finance PLC (CDB) has launched Sri Lanka's first QR Sound Box, a device that provides instant voice confirmation for digital payments to boost merchant transparency and SME adoption.

April 27, 2026 at 8:31 PM

5 sources

Local News

Bridging the Gap: How Sri Lanka is Shifting from Cash to Digital Payments.

Sri Lanka is focusing on behavioral shifts to move away from cash, with the Fintech Forum and global payment networks like UnionPay playing a pivotal role in promoting digital payment adoption.

April 20, 2026 at 2:37 AM

10 sources

Yemen Faces Severe Cash Crisis Despite Currency Stabilization Efforts

Image Source : atlanticcouncil.org

Middle East•

April 19, 2026 at 6:18 AM

Yemen Faces Severe Cash Crisis Despite Currency Stabilization Efforts.

While the Yemeni government's interventions have successfully slowed the riyal's devaluation, they have triggered a liquidity crunch, leaving citizens unable to convert foreign currency or access cash, effectively stalling local businesses.

13 sources

Local News

Sri Lanka Launches Zero-Cost QR Payments to Boost Digital Economy.

April 4, 2026 at 8:32 PM

The Sri Lankan government is set to introduce a zero Merchant Discount Rate (MDR) for QR-based payments to drive digital adoption, with banks absorbing the processing costs to support small businesses.

29 sources

Sri Lanka Launches Zero-Cost QR Payments to Boost Digital Economy

Image Credit : mawratanews.lk

Local News

Image Source : srilankachronicle.com

Sri Lanka’s Export Sector Faces Imminent Cash Flow Crisis Amid Rising Costs.

April 4, 2026 at 6:48 PM

10 sources