what that intends to do is to assist companies, which are going to be affected by liberalization to become more competitive, and also to assist workers, whose jobs have been threatened, to re - train. now, i ’ ve talked on smes, for export promotion. there are four areas where they require support. 1. training ; 2. in - puts, including technology ; 3. access to finance ; and 4. marketing. invariable the biggest challenge is marketing. to get them to produce output that they can sell in the domestic market and abroad. so one challenge is really how we link our smes into international supply chains, either through larger companies, or directly. we really need to think in terms of linking up our smes to supply chains. the government has already taken some decisive measures to overcome the short - comings of the export sector. with some improvement in the performance in the export sector, so far, there are signs that the initiatives are favourable. since march, we have now seen an improvement in export numbers. we ’ ve got numbers up to may – in march april and may the numbers have shown an up - turn in export revenue. hopefully that will gather momentum. i think with the gsp - plus kicking in, and hopefully, a more stable macro - environment, export growth will continues. page 16 of 17 as i said, sri lanka cannot attain 6 - 7 % growth on a sustained basis without transformation of its export performance. nor can we overcome the constraints associated with our external debt burden without significantly enhanced non - debt creating foreign exchange receipts, generated, inter alia, by increased exports. so, export transformation is crucial for both boosting growth and employment, as well as to stabilize our vulnerability stemming from our external debt. the performance of the easl will be a key determinant of the future prosperity of all sri lankans. thank you very much. page 17 of 17

by the payments council on future payments : http : / / www. payyourway. org. uk / wp - content / uploads / 2012 / 10 / pay - your - way - 2025 - future - ofpayments. pdf bis central bankers ’ speeches as a result of the digitalisation of information, communication and commerce, payments – and in particular remote payments – are no longer perceived on a stand - alone basis. rather, they have become part of some increasingly long and complex value chains. users will above all want these value chains to seamlessly integrate e - commerce, social media and retail payments. in e - commerce, buying and paying with one click is easier than having to navigate from the merchant website to the bank online application and entering payment data, passwords, tans and so on. interestingly and unsurprisingly, the companies that dominate the digital world – the internet “ big five ”, namely apple, google, microsoft, amazon and facebook – are all offering payment services or considering doing so. 2 these payment services are incorporated seamlessly into their digital ecosystems and thus potentially have a global reach. their business case is clear. they provide the services free of charge to retail clients ( but not to merchants ), expecting to achieve indirect returns through increased customer loyalty, acquisition of customer data ( big data ), analysis of purchasing behaviour and personalised advertising. this is the big challenge for the incumbents in the market. however, the market pie in retail payments innovation in europe has not been sliced up and shared out yet. incumbents can still have an impact, provided they are far - sighted enough to realise that the challenges of digitalisation cannot be met by merely considering the internet and the smartphone as an additional channel for retail payments. while the new service providers and competitors should not be underestimated, let ’ s not forget the comparative advantages that banks can offer. data and operational security is one. many users are worried about some practices of the international providers in the digital sphere. confidence in the security of transactions is – and will remain – the basis for any kind of relationship between payment service provider and user. believe it or not, payment service users still trust their banks. against this background, the role of the regulators in general and central banks in particular has not changed that radically. the main concern of central banks is to maintain confidence in money by fostering safe and efficient retail payment systems. however, the issues that need to