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

Dearo Venture Capital Strengthens Leadership and Unveils New Vision for Sri Lanka’s Growth

Dearo Venture Capital Ltd has strengthened its leadership with the appointment of a new...

NCE Export Awards 2026 to Celebrate Over Three Decades of Sri Lanka’s Export Excellence

The National Chamber of Exporters of Sri Lanka (NCE) is preparing to host the...

DIMO Unveils the All-New GLB 2026

DIMO, The Home for Mercedes-Benz in Sri Lanka, unveiled the All-New Mercedes-Benz GLB 2026...

ABC Trade and Investment Partners with All-China Environment Federation to Advance Green Infrastructure in Sri Lanka

ABC Trade and Investment Ltd. has signed a strategic Memorandum of Understanding with the...

MORE LIKE THIS

Dearo Venture Capital Strengthens Leadership and Unveils New Vision for Sri Lanka’s Growth

Dearo Venture Capital Ltd has strengthened its leadership with the appointment of a new...

NCE Export Awards 2026 to Celebrate Over Three Decades of Sri Lanka’s Export Excellence

The National Chamber of Exporters of Sri Lanka (NCE) is preparing to host the...

DIMO Unveils the All-New GLB 2026

DIMO, The Home for Mercedes-Benz in Sri Lanka, unveiled the All-New Mercedes-Benz GLB 2026...