Mastercard Announces Agreement with Fintech Digital to Accelerate Financial Inclusion in Sri Lanka – Adaderana Biz English
Mastercard today announced an agreement with Fintech Digital (Pvt) Ltd, a firm specializing in introducing fintech innovations to the Sri Lankan banking and finance industry. As part of this agreement, Mastercard and Fintech Digital will work to accelerate financial inclusion in Sri Lanka by improving financial literacy and building greater awareness of digital payments.
Fintech Digital will leverage its AnybanQ.lk platform to promote tools and solutions for digital onboarding of customers and merchants into formal banking channels, leading to increased financial inclusion. It is expected that the general public will have greater convenience in choosing the right financial product for them. AnybanQ.lk enables customers to inquire about and subscribe to products and services offered by banks in Sri Lanka.
Hithesh Fernando, CEO and Founder of Fintech Digital said: “With free access to AnybanQ.lk, users will directly benefit from an easier decision-making process when choosing which banking and financial solutions they want to use, based on their needs. We also strive to engage with regulators, partner banks and key stakeholders to address Sri Lanka’s current foreign exchange reserve challenge through this digital platform.”
Ashan Jayasinghe, co-founder of Fintech Digital said: “AnybanQ.lk is a platform that has been developed with the motives of integrating future open banking services and metaverse technology adaptations. In addition to this, it will support environmental, social and governance (ESG) paperless onboarding with many more integrable connections to make banking and finance more convenient for users/customers. With the support of Mastercard, we believe we can enter the global space where a positive impact can be made for local communities.”
Sandun Hapugoda, Country Manager, Sri Lanka and the Maldives, MasterCardsaid, “Mastercard strives to drive financial inclusion by creating and supporting robust programs that enhance digital skills and financial literacy across various segments of the population. Here in Sri Lanka, Mastercard is excited to partner with Fintech Digital to bring more people into the digital economy, while supporting the firm in its efforts to expand internationally.”
Mastercard and Fintech Digital (Pvt) will work together to provide the public with easy, secure, meaningful access and education to help people better understand digital banking related products and services.
Picture Caption: Hithesh Fernando – Founder | CEO, Fintech Digital (Pvt) Ltd with Sandun Hapugoda – Country Manager, Sri Lanka and Maldives, Mastercard, after signing the agreement. Also pictured (l-r) Shashi Madanayaka – Manager, Account Management, Mastercard and Petula Wijesinghe – Director Strategic Partnerships, Fintech Digital (Pvt) Ltd
