Fi­nan­cial Life­line

The coun­try’s all-new M-ePay plat­form, en­ables peo­ple to trans­fer money via post of­fices.

Southasia - - FEATURE -

Meet Nadee­sha; a house­wife liv­ing in one of the ru­ral set­tle­ments around Anu­rad­ha­pura in the North Cen­tral Prov­ince of Sri Lanka with her three young chil­dren and ag­ing moth­erin-law. Her hus­band, Shehan, works as a se­cu­rity guard in one of the of­fices lo­cated on the ur­ban side of

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the city and is the sole bread­win­ner of his fam­ily. Each month, Shehan ac­cu­mu­lates a size­able por­tion of his in­come to send back home but is al­most al­ways faced with a vir­tu­ally in­sur­mount­able ob­sta­cle.

“Ru­ral ar­eas in Sri Lanka do not usu­ally have banks,” says T.M.D. Ekanayake, head of in­for­ma­tion com­mu­ni­ca­tion tech­nol­ogy di­vi­sion, Sri Lanka Post. The num­ber of banks in the coun­try stands at 14.12 for ev­ery 100,000; a fig­ure higher than that of In­dia’s 10.6. Alas, most of them are lo­cated in Sri Lanka’s ur­ban ar­eas, thus forc­ing many to rely on the coun­try’s net­work of sub-post of­fices for the trans­fer of money by hand. How­ever,

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