Key Points
At an event to mark the collaboration, PhonePe said its app users travelling to Sri Lanka can make payments using UPI across LankaPay QR merchants...
The transactions will be facilitated by UPI and LankaPay National Payment Network...
PhonePes CEO, International Payments, Ritesh Pai, said the collaboration with LankaPay offers unparalleled convenience to Indian tourists who can now use a familiar and secure payment method while travelling and paying across LankaQR merchant points...
We are excited about the potential of this collaboration that would enhance payment experience to Indian tourists and business travellers during their stay in Sri Lanka and also provide the merchants with a cost-effective proposition to card payments, LankaPay CEO Channa de Silva said.. Central Bank of Sri Lanka (CBSL) Governor Nandalal Weerasinghe mentioned about the collaborations capacity to unlock new opportunities, enhance competitiveness and the benefits that it would bring to Sri Lankan merchants...
Speaking at the event, Santosh Jha, High Commissioner of India to Sri Lanka, said the UPI launch is an important part of a larger goal for both countries to collaborate through a digital partnership...
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