Sri Lanka’s GovPay completes 1 year, exceeds Rs. 2.7 billion in payments
The Morning: Sri Lanka’s GovPay digital payment platform has marked its first year in operation, processing transactions exceeding Rs. 2.7 billion while linking 252 Government entities to a single electronic payment system.
Introduced to simplify financial transactions between the public and state institutions, GovPay functions as a unified gateway for payments related to Government services. Since its launch, the platform has facilitated more than 133,000 transactions, covering 3,783 services offered by various agencies.
Official figures show that traffic fine payments made online generated Rs. 121.4 million, with over 94,000 such transactions completed through the system. The islandwide implementation of the GovPay traffic fine payment programme concluded on February 3, 2026, allowing motorists across the country to settle penalties digitally.
The project is overseen by the Ministry of Digital Economy in partnership with the Information and Communication Technology Agency (ICTA) and LankaPay, supported by several other institutions. Authorities view the platform as a component of broader efforts to digitize public administration and improve access to state services.
GovPay was established to enhance efficiency and transparency in government transactions by limiting dependence on manual procedures and cash-based payments.
OSL take:
Sri Lanka’s expanding economy has further expanded the country’s digital industry. With Sri Lanka poised as an emerging business destination in the South Asian region and the target of becoming a regional hub, the country’s digital industry is on a fast expansion to meet the increasing demand while also being on par with the fast-evolving global digital industry. All these factors indicate that the country’s digital industry presents a host of business/investment opportunities that also expand to sectors related to the industry as well. The increasing payments on digital platforms, the Sri Lankan government’s commitment to transform the country into a digital economy and the ongoing digitization drive covering all sectors of the country are indicative of the expanding opportunities in the country’s digital industry and related sectors. Also, the growth as well as profits recorded by businesses in the local digital industry and the increasing interest among foreign businesses/investors to enter the industry are clear indications of the increasing business potential in Sri Lanka’s digital industry and related sectors. Given these developments, foreign businesses/investors could confidently explore the expanding business/investment opportunities in Sri Lanka’s digital industry and related sectors.
| Article Code : | VBS/AT/20260218/Z_1 |