NPCI International Expands UPI in Sri Lanka

National Payments Corporation of India===National Payments Corporation of India, the international arm of National Payments Corporation of India, has reaffirmed its commitment to expanding Unified Payments Interface (UPI) merchant acceptance in Sri Lanka. This initiative aims to enhance cross-border payment experiences for Indian tourists, support Sri Lanka's growing digital economy, and strengthen economic and cultural ties between India and Sri Lanka. Through a partnership with LankaPay, Indian tourists can now make digital payments across Sri Lanka by scanning LankaQR codes using UPI-enabled apps, reducing the need for physical cash. This integration is available at major establishments including hospitality chains, retail outlets, and supermarkets. The Sri Lanka===Central Bank of Sri Lanka is also involved in aligning the expansion with domestic payment frameworks. This move is expected to benefit both travelers with real-time payments and transparent exchange rates, and merchants with access to a large digital customer base and improved cash management.