PhonePe Partners with LankaPay, Introduces UPI Payments for Travelers in Sri Lanka

PhonePe has forged a groundbreaking partnership with LankaPay, marking a significant milestone in facilitating digital payments for travelers in Sri Lanka. Through this collaboration, PhonePe users now have the convenience of utilizing UPI (Unified Payments Interface) for seamless transactions across LankaPay QR merchants, eliminating the hassle of carrying cash and navigating currency conversions.

UPI Payments Go Global: A Boon for Indian Travelers

As highlighted by PhonePe, this integration leverages the robust infrastructure of both the Unified Payments Interface (UPI) and LankaPay, Sri Lanka's national payment network.

Here's how it works:

• Travelers simply scan the LankaQR code displayed at merchants.

• They can then make secure and hassle-free payments without carrying cash or worrying about currency conversions.

• The transaction amount will be deducted from their Indian Rupee (INR) account, with a clear display of the applicable exchange rate.

Ritesh Pai, CEO, International Payments at PhonePe, expressed his enthusiasm about the collaboration. He believes it offers unparalleled convenience to Indian tourists, allowing them to use their preferred and trusted payment method while exploring Sri Lanka and making payments at LankaQR merchants.

LankaPay CEO, Channa de Silva, echoed this sentiment, highlighting the potential of this partnership. He expects it to significantly enhance the payment experience for Indian tourists and business travelers visiting Sri Lanka. Additionally, LankaPay merchants will benefit from a cost-effective alternative to traditional card payments.

Merchant Benefits and Cost-Effective Solutions:

LankaPay CEO, Channa de Silva, emphasized the potential of the collaboration in enhancing payment experiences for Indian tourists and business travelers alike. Beyond catering to the needs of travelers, the partnership also provides merchants with a cost-effective alternative to card payments, further streamlining payment processes and fostering economic growth in the region.

Benefits for All:

This innovative partnership offers a win-win situation for all parties involved:

• Indian Tourists: Experience unmatched convenience and security when making payments in Sri Lanka. Use the trusted PhonePe app and eliminate the need for cash or currency exchange calculations.

• LankaPay Merchants: Benefit from a cost-effective alternative to traditional card payments, attracting a wider range of Indian tourists who increasingly rely on digital payment methods.

• Sri Lankan Economy: Promote cashless transactions and potentially boost tourism spending by Indian visitors. (H3)

In conclusion, PhonePe's collaboration with LankaPay represents a significant step forward in promoting digital payments and enhancing the overall travel experience for Indian tourists in Sri Lanka. By leveraging the power of UPI technology, this partnership is poised to revolutionize payment ecosystems and drive greater convenience and efficiency for travelers and merchants alike.