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Sri Lanka to target $3bn revenue from fintech industry

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Colombo, Dec 15 (IANS) Sri Lanka will aim to scale up its Information Communication Technology (ICT) and Business Process Management (BPM) export industry to $3 billion, state media quoting a government Minister has reported.

Namal Rajapaksa, Minister of Youth and Sports as well as State Minister of Digital Technology and Enterprise Development, was quoted in state-owned Daily News on Tuesday, saying that an expert committee has been appointed to formulate a fintech roadmap for Sri Lanka, Xinhua news agency reported.

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“The Covid-19 crisis has highlighted the need for significant support and investment on digital transformation, effective digital governance across all countries in the region, in particular delivery of core government functions,” Rajapksa said.

Inclusion should be at the heart of digital transformation and that modern technology should be integrated into all sectors of the economy, including agriculture, industry and services, he added.

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–IANS

int/khz/

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