COMPETITIVE · ASIA
NPCI International expands UPI merchant acceptance in Sri Lanka
Change
NPCI International Payments Limited expanded UPI merchant acceptance in Sri Lanka so Indian tourists can pay with UPI-enabled apps by scanning LankaQR codes.
Why it matters
NPCI International Payments Limited partnered with LankaPay to enable UPI acceptance via LankaQR codes across multiple Sri Lankan outlets. Indian travellers can use UPI-enabled apps to scan LankaQR codes to complete payments at participating merchants. Named participating outlets include Cinnamon Hotels, Taj Hotels, Barista, Keells Supermarket and Odel. UPI processes over 20 billion transactions monthly and enables instant account-to-account transfers; Indian arrivals numbered over 416,000 in 2024 and 531,000 in 2025.
Implications
- · Participating merchants can accept payments from Indian travellers via LankaQR-scanned UPI transactions.
- · Payments accepted through this channel will settle as instant account-to-account transfers on the UPI system.
- · Travellers using UPI will transact through UPI-enabled mobile apps with transparent exchange-rate presentation.
Who is affected
- · Indian tourists using UPI-enabled mobile apps
- · Hospitality and retail merchants participating in LankaQR acceptance
- · Payment operators, acquirers, and processors integrating UPI and LankaPay
Source
Topics