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Sri Lanka to get digital transit card for bus, rail transport

Jan 03, 2019 18:19 PM GMT+0530 | 2 Comment(s)

ECONOMYNEXT – Sri Lanka’s central bank is working to help introduce a digital transit card to be used in buses and trains and supporting infrastructure for ticketing and fare collection, its governor Indrajit Coomaraswamy said.

The initiative was part of future plans and policies to promote digital payment mechanisms to establish a “less-cash society”, he said while introducing central bank monetary and financial sector policies for 2019 and beyond.

“The Central Bank will focus on promoting digital payment mechanisms to establish a less-cash society with a view to reducing cash management costs while enhancing safety and convenience.”

Coomaraswamy said the central bank will facilitate the implementation of a ‘National Transit Card’ and infrastructure framework for ticketing and fare collection in bus and rail transport.

“We will also continue to adopt measures to promote the usage of digital payment mechanisms by way of encouraging financial institutions to enable digital payment methods and creating awareness among general public on digital payment options and their benefits,” he said.
(Colombo/January 03/2019)
 


 

2 Comments

  1. Lalith January 04, 04:41 AM

    Cbsl must focus on getting its monetary and exchange rate policies right without wasting time and resources doing private sector business. Let our IT and telcos do this

  2. Judy January 04, 03:21 AM

    This is a good idea, but don't know how Sri Lankans take this. In KandySahasara is a failure in both parties, conductors rarely or most not use machines. Even they don't like of giving card.

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