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