How FinTech is powering future payments
summary
Sri Lanka builds a digital public infrastructure with digital IDs by mid next year, API gateways and open banking; real‑time rails run on ISO 8583 plus ISO XML 2022 to settle remittances in about three to five seconds, using tokenisation for security. Visa processes 300 billion transactions per year worth $16.7 trillion and reports investing over $10 billion in AI; VAA scores use 500+ data points in under 300 ms for fraud decisions. Google Pay launch, Lanka QR uptake, BNPL and embedded finance are scaling.
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chapters (11)
- 0:00Welcome and context setting
- 2:10Sri Lanka’s digital economy vision and payment infrastructure
- 5:10FinTech trends shaping the future of payments
- 7:45Real-time payments and API-driven banking
- 10:30AI in fraud detection and risk scoring
- 14:30Digital wallets, tokenisation, and smart contracts
- 18:40Bank and FinTech collaboration in cross-border payments
- 22:50Regulation, trust, data protection, and compliance
- 27:10Financial inclusion, SMEs, and underserved segments
- 30:40Emerging business models including BNPL and embedded finance
- 33:40Payments in 2030 and closing insights
