HomeLATESTLankaPay and NPCI Collaborate for Cross-Border Merchant Payments

LankaPay and NPCI Collaborate for Cross-Border Merchant Payments

Published on

Celebrating a momentous stride in our global journey, LankaPay proudly announces its collaboration with the National Payments Corporation Of India (NPCI), facilitating cross-border merchant payments via BHIM and other UPI-powered applications at all #LankaQR merchant points.

This groundbreaking initiative was inaugurated by His Excellency President Ranil Wickremesinghe and Indian Prime Minister Narendra Modi, underscoring a significant milestone in India-Sri Lanka bilateral trade, investment, and interpersonal relations.

Initially, 10 banks and 2 FinTech institutions (covering 95% of LankaQR merchant points) will be equipped to accept UPI payments, providing Indian tourists with convenient payment options at #LankaQR merchant locations.

We anticipate onboarding approximately 10,000 merchants to accept UPI payments within three weeks of the launch, with a goal of reaching 65,000 merchants frequented by Indian tourists by March 2024.

This partnership aims to enhance the payment experience for Indian tourists and business travelers in Sri Lanka, thereby bolstering the tourism industry in phase-1.And then in phase-2 we will expand to cover

LATEST NEWS

SLIIT Kandy UNI Holds Inaugural DTechBiz Symposium Exploring Pathways for Innovation, Growth and Wellbeing

SLIIT Kandy UNI hosted its inaugural DTecBiz 2026 Symposium on Emerging Digital Technologies and...

Renault Returns to Sri Lanka with AMW, Unveiling a New Era of French Automotive Excellence

Renault, France’s No. 1 automotive brand, has officially returned to Sri Lanka through Associated...

People’s Leasing Wins Leasing & Finance Title at CSE Masterminds Quiz 2026

People’s Leasing & Finance PLC has won the Leasing & Finance Category at the...

IMF Projects Global Growth of 3.1% in 2026

The International Monetary Fund projects global economic growth of 3.1% in 2026, recovering to...

MORE LIKE THIS

SLIIT Kandy UNI Holds Inaugural DTechBiz Symposium Exploring Pathways for Innovation, Growth and Wellbeing

SLIIT Kandy UNI hosted its inaugural DTecBiz 2026 Symposium on Emerging Digital Technologies and...

Renault Returns to Sri Lanka with AMW, Unveiling a New Era of French Automotive Excellence

Renault, France’s No. 1 automotive brand, has officially returned to Sri Lanka through Associated...

People’s Leasing Wins Leasing & Finance Title at CSE Masterminds Quiz 2026

People’s Leasing & Finance PLC has won the Leasing & Finance Category at the...