India's NPCI International expands UPI payments acceptance in Sri Lanka
→Merchant payment teams in Sri Lanka must accept LankaQR UPI scans at participating outlets
Change
NPCI International Payments Limited (NIPL) has implemented UPI merchant acceptance across Sri Lanka via a NIPL–LankaPay corridor, with transactions processed only when merchants present LankaQR codes at participating outlets.
Why it matters
The NIPL–LankaPay corridor delivers real-time processing and transparent exchange-rate display for Indian UPI transactions in Sri Lanka. NIPL is coordinating with Sri Lankan regulators, banks and merchants to expand UPI acceptance across hospitality, retail and tourism sectors.
Implications
- — Merchant payment operations teams at participating Sri Lankan hotels, supermarkets and retailers must configure point-of-sale systems immediately to display LankaQR codes — failure prevents those outlets from accepting Indian UPI payments.
- — Acquirer banks and payment-service providers in Sri Lanka must connect their processing systems to the NIPL–LankaPay corridor now — without the connection they cannot process Indian UPI transactions presented via LankaQR and will be excluded from NIPL-enabled flows.
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Source
View on Economic Times