Srilanka, May 5 -- E-commerce transactions via card payments in Sri Lanka witnessed robust growth of 27.4 percent YoY valuing at Rs.367.6 billion in 2024, fuelled by the adoption of digital payment systems, according to the Central Bank's Payments Bulletin for the fourth quarter of 2024.

Data reveals a 23.8 percent year-on-year YoY) increase in e-commerce transaction volume through payment cards, reaching 121.8 million in 2024, up from 98.4 million in 2023. Debit cards dominated this space, accounting for 99.7 million transactions (18.4 percent growth), while credit card usage rose by 27.7 percent to 22.1 million transactions. In value terms, e-commerce spending via cards surged to Rs. 367.6 billion, a 27.4 percent jump from the previo...