Tuesday, September 29, 2026


Can someone tell % of FinTech Adoption in SL?

It is interesting a compare the FinTech adoption of two neighbors India (87%) and Sri Lanka (unknown %). When we consider the main drivers of FinTech adoption in two countries, the spider chart looks like following.


Dimension

India

Sri Lanka

DPI Infrastructure

India-Stack: Integrated 3 layer architecture

Fragmented infrastructure

Governance and Ownership

Quasi-Public

CBSL regulated, heavily by commercial banks, private Telcos

Identity Verification

e-KYC

Physical NIC

Data Governance

Digital Personal Data Protection (DPDP) Act

Personal Data Protection (PDP) Act (Jan 27)


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