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

Siyapatha Finance PLC Appoints Two Independent Non-Executive Directors to Board

Siyapatha Finance PLC has announced the appointment of Deshal de Mel and Nishani De...

Home Lands Strengthens Port City Colombo Presence with Second Strategic Land Acquisition

Home Lands Group has further strengthened its presence within Port City Colombo with the...

Kunming Expo Strengthens Sri Lanka’s Access to China’s Expanding Consumer Market

Sri Lanka’s participation at the 10th China-South Asia Exposition in Kunming has reinforced the...

Sri Lanka and Thailand Target Stronger Trade Growth Through FTA as Business Council Celebrates Silver Jubilee

Sri Lanka and Thailand are poised to strengthen bilateral trade, investment and economic cooperation...

MORE LIKE THIS

Siyapatha Finance PLC Appoints Two Independent Non-Executive Directors to Board

Siyapatha Finance PLC has announced the appointment of Deshal de Mel and Nishani De...

Home Lands Strengthens Port City Colombo Presence with Second Strategic Land Acquisition

Home Lands Group has further strengthened its presence within Port City Colombo with the...

Kunming Expo Strengthens Sri Lanka’s Access to China’s Expanding Consumer Market

Sri Lanka’s participation at the 10th China-South Asia Exposition in Kunming has reinforced the...