Dialog hosts first UPI transaction in Sri Lanka
View(s):India’s Unified Payment Interface (UPI) made its official debut in Sri Lanka in partnership with LankaPay, where Dialog’s Fintech solution, genie business conducted the inaugural UPI transaction in the presence of President Ranil Wickremesinghe, Prime Minister of India Narendra Modi, and Prime Minister of Mauritius Pravind Jugnauth.
India’s UPI is a real-time payment system that enables Indian users to link multiple bank accounts and conduct seamless fund transfers and transactions using UPI powered applications. Sri Lankan businesses big or small can now embrace the opportunity to accept payments from UPI powered applications.
Renuka Fernando, Chairperson of Dialog Finance PLC said, “We are honoured to conduct the first transaction in Sri Lanka at the inauguration launch of UPI. This ground-breaking initiative will not only enable a wider range of businesses to participate in the digital financial system but brings us closer to our mission at Dialog Fintech to bring financial inclusivity and access to finance for the MSME sector”.
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