PhonePe collaborates with LankaPay to promote UPI payments in Sri Lanka

Fintech major PhonePe has collaborated with Sri Lanka-based LankaPay to enable Unified Payments Interface (UPI) transactions for the company’s users in the island nation.

The Bengaluru-based fintech’s users travelling to Sri Lanka can make payments using Unified Payments Interface’s (UPI) rails across LankaPay’s merchants throughout the country. Users will transact in Indian Rupees (INR), and will see currency exchange rates levied on such transactions.

Apart from the National Payments Corporation of India’s (NPCI) UPI, these transactions will be facilitated by the LankaPay National Payment Network.