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.
————————–
(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.
