Sri Lanka had an internet user base of about 6 million as of July 2016, about 28.2% of the population. Despite being a developing country, the E-commerce industry has been receiving funding over the span of 10 years. Market conditions in Sri Lanka are similar to those in India, as cash on delivery is the most preferred payment method.
According to experts, Sri Lanka’s annual domestic E-commerce sales value including services is an estimated US$40 million. This is expected to grow to US$400 million by 2022. Currently, only 0.4% of Sri Lanka’s total annual retail sales (US$10 billion) is in e-commerce.
Government involvement
The Government of Sri Lanka has shown interest in promoting the country's e-commerce industry further.
See also
- E-commerce in other Asian counties:
- E-Commerce elsewhere in the Global South:
References
- "Sri Lanka: internet penetration rate 2016 | Statistic". Statista. Retrieved 2019-02-27.
- "Better regional infrastructure, rules, mooted at Sri Lanka e-commerce meeting". www.economynext.com. Retrieved 2019-02-27.
- "'Sri Lanka's e-commerce segment records 34% growth'". Daily News. Retrieved 2019-02-27.
- Weerakoon, Ravidu Mario (2019-01-11). "Five Ways to Stay Ahead of Competition in Growing E-commerce Market". Entrepreneur. Retrieved 2019-02-27.
- "SL e-commerce to hit US$ 400 mn by 2022". Daily News. Retrieved 2019-02-27.
- "Three Reasons Why eCommerce Is The Future Of Fashion In Sri Lanka". roar.media. 2018-02-15. Retrieved 2019-02-27.
- Hewage, Indunil. "Growth in Sri Lankan e-commerce sector - Daraz". Daily News. Retrieved 2019-02-27.
- "Policies promoting e-commerce and digital transactions key for Sri Lanka to enter Fourth Industrial". www.dailymirror.lk. Retrieved 2019-02-27.
- "Second dialogue on Sri Lanka e-commerce reforms opens on September 6". Adaderana Biz English | Sri Lanka Business News. 2018-09-04. Retrieved 2019-02-27.