A virtual launch introduced UPI transactions via LankaQR, enhancing digital payments for Indian tourists in Sri Lanka a short while ago, the President's Media Division said.
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 PMD said.
The partnership with National Payment Corporation of India, allows Indian tourists and business travelers to pay at nearly 400,000 Lanka QR-enabled merchants using their familiar UPI payment apps.
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The Presidents’ Entitlements (Repeal) Bill under which benefits for former Presidents would be reduced has been gazetted.
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