India’s Unified Payment Interface (UPI) transactions, via LankaQR, was introduced to Sri Lanka at a virtual launch held on Monday (12 Feb.).

The real-time payment system aims to enhance digital payments for Indian tourists in Sri Lanka.

According to the President’s Media Division (PMD), the initiative, led by the National Payments Corporation of India (NPCI) International Payments Limited & LankaPay Pvt Ltd, aims to rapidly expand, with 10,000 merchants set to accept UPI payments shortly after the launch.

By March 2024, this number will reach 65,000, providing a seamless payment solution for Indian tourists, the PMD reported