BIZ

UPI launched in Sri Lanka (Update)

Published

8 months ago

February 12, 2024

nipuni

A virtual launch held today (Feb. 12) introduced UPI transactions via LankaQR, enhancing digital payments for Indian tourists in Sri Lanka.

Led by NPCI International Payments Limited & LankaPay Pvt Ltd, the initiative aims to rapidly expand, with 10,000 merchants set to accept UPI payments shortly after launch.

By March 2024, this number will reach 65,000, providing a seamless payment solution for Indian tourists, the Presidential Media Division states.

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(Previous News : Published at 2024/02/12 at 9:26 am)

India-Sri Lanka launch UPI to boost tourism

Foreign Minister Ali Sabry says that the Unified Payments Interface (UPI) will be launched between India and Sri Lanka from Monday (12).

The UPI is a digital payment gateway that facilitates instant person-to-person or person-to-merchant transactions using a mobile phone.

Launched in India in 2016, this is currently the most popular payment method in India.

Foreign Minister Ali Sabry said that UPI will be officially launched online on today (12).

The Minister said the system is expected to be implemented centering Colombo and is expected to increase tourism in Sri Lanka.

The agreement regarding the UPI between Sri Lanka and India was signed between Indian Prime Minister Narendra Modi and President Ranil Wickremesinghe in October last year, during President Wickremesinghe’s two-day official visit.

BIZ

Import tax on potatoes & big onions upped

Published

1 day ago

October 6, 2024

editor

The Ministry of Finance has announced an increase in the special import tax on potatoes and big onions.

The import tax on potatoes has risen by Rs. 10 per kilogram, from Rs. 50 to Rs. 60. Similarly, the import tax on big onions has been raised by Rs. 20 per kilogram, from Rs. 10 to Rs. 30.

These measures have been implemented to regulate imports and support local agriculture.

BIZ

Laugfs gas prices to remain unchanged

Published

3 days ago

October 4, 2024

editor

Laugfs Gas PLC announced that the company will not revise domestic LP gas prices for the month of October.

This was communicated by the Cluster Director/CEO of Laugfs Gas PLC, Dr. Niroshan J Peiris.

Earlier, Litro Gas had also announced that gas prices will remain unchanged during the month of October.

BIZ

PickMe shares enters CSE for debut trading

Published

5 days ago

October 3, 2024

editor

Shares of leading mobility solutions app, PickMe owner Digital Mobility Solutions Lanka Ltd., will debut today for trading at the Colombo Stock Exchange following its highly successful Initial Public Offering (IPO).

The shares of the Company amounting to 333, 323, 673 would be listed on the Main Board of the CSE with Security Code PKME-N-0000 and will be classified under “20304040 – Passenger Ground Transportation.” sector.

The IPO involved issuance of shares worth Rs. 1.56 billion (43,474,179 existing ordinary voting shares at Rs. 36 each), and when it closed on the opening day itself on 13 September, the demand had been for shares worth Rs. 4.2 billion. The shareholding percentage on offer is 13.04%. There had been 866 applications requesting for 116.646 million shares worth Rs. 4.199 billion.

Ahead of today’s debut, Digital Mobility Solutions Chairman Ajit Gunewardene said: “We are thrilled to mark this pivotal moment as our company goes public, as we bring our vision of technology enabled, accessible, reliable mobility to even more communities. This listing represents not only a milestone for us, but a commitment to pioneering digital inclusion using advanced technology across Sri Lanka.”

CEO Jiffry Zulfer said: “PickMe will offer investors a new dimension, exposure into the digital economy. We will be the first and at this point in time the only technology company of scale to be listed on the CSE. It has been an exciting journey so far and having reached an inflection point, we are confident that we can continue to generate strong profitable growth. Our long term goal is for our app to become ubiquitous in everyday life. We have the team and the skills to execute this.”

(ft.lk)

(Except for the headline, this story, originally published by ft.lk has not been edited by SLM staff)