Cards and mobile wallets have largely failed to challenge the dominance of cash in retail transactions. Now, a unique concept using the simple smartphone is set to usher in a profound transformation. The less cash era has dawned in Sri Lanka with the participation of a few progressive fintech companies, and life will never be the same again
The retail space in Sri Lanka will soon be transformed by a revolutionary new concept – JustPay. It is expected to drive the shift from a largely cash-based society to a less cash one. The unique system revolves around the ubiquitous smartphone, leveraging its versatility to usher in a host of benefits across the board – for consumers, merchants, banks, fintech companies and the economy as a whole.