Sri Lanka, April 3 -- Visa (NYSE: V), the global leader in digital payments, today announced that Visa debit card spends saw a significant increase of over 35% in the past year, indicating healthy growth of digital payments in Sri Lanka. This increase is buoyed by a 30%+ increase in face-to-face spends and over 40% increase in ecommerce spends.
As the Tamil & Sinhala New Year celebrations commence in the country, retail transactions are picking up with more active shoppers during the festive period. Consumers are increasingly paying by debit card, opting for safer, simpler and more convenient transactions.
Avanthi Colombage, Country Manager - Sri Lanka and Maldives said, "We are excited to see the jump in debit card usage by consumers in ...