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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