💳 Cabinet Approves Zero-Fee QR Payments Below Rs.5,000 in Sri Lanka 🇱🇰

💳 Cabinet Approves Zero-Fee QR Payments Below Rs.5,000 in Sri Lanka 🇱🇰

⭕ Sri Lanka 🇱🇰 Cabinet approves a proposal to remove all charges on QR payments below Rs.5,000

⭕ Q3 2025: 274,000 transactions worth Rs.1.18Bn → ~90,000/month (~Rs.390Mn), highlighting low usage and the need for policy intervention

⭕ Infrastructure in place: 20+ financial institutions + ~30 apps, but cash still dominates retail transactions

⭕ Policy linked to the 2026 Budget, targeting financial inclusion, efficiency, and transparency by accelerating digital economy adoption through removal of cost barriers

#SriLanka 🇱🇰