PhonePe, a Bengaluru-based company, has announced that it has partnered with LankaPay to enable PhonePe UPI payments in the country.

This partnership will allow Indian travelers to make UPI payments in Sri Lanka via the PhonePe app in Sri Lanka that will be facilitated by LankaPay National Payment Network. Indian travelers no longer need to carry cash and worry about currency conversion as the amount will be debited from their account in Indian currency. 

The launch event was attended by Central Bank of Sri Lanka Governor Nandalal Weerasinghe and India’s High Commissioner to Sri Lanka, Santosh Jha. 

Earlier in February, UPI was launched in Sri Lanka and Mauritius in a virtual event attended by Prime Minister Narendra Modi, President of Sri Lanka Ranil Wickremesinghe, and Prime Minister of Mauritius Pravind Jugnauth. 

Tourism from India has significantly contributed to boosting Sri Lanka’s economy. 

Unified Payments Interface (UPI) has been gaining popularity in India for digital and cashless payments. People are not only using UPI to buy groceries or daily essentials but also buying high-end gadgets, high-end appliances, and clothes.