LankaPay, Sri Lanka’s National Payment Network, and Ant International, a leading global digital payment, digitisation and financial technology provider, have jointly announced the launch of enabling cross-border mobile payments for Alipay+ partner users via the LANKAQR network, enhancing the connectivity between global consumers and Sri Lankan merchants.
Alipay+, a unified wallet gateway with cross-border payment and digitisation services under Ant International, will enable 14 of its international payment partners for use across Sri Lanka. Travellers from 10 countries and regions, can simply scan the LANKAQR at more than 400,000 merchants to make payment, just as they’re used to at home.
The Alipay+ partners enabled for cross-border payment acceptance in Sri Lanka in the first phase include: Alipay(Chinese mainland), AlipayHK (Hong Kong SAR), MPay (Macao SAR), Hipay (Mongolia), GCash (the Philippines), Changi Pay and OCBC Digital (Singapore), Touch ‘n Go eWallet and MyPB by Public Bank Berhad (Malaysia), Naver Pay and Toss Pay (South Korea), TrueMoney (Thailand), BigPay (Malaysia, Singapore, Thailand), and Tinaba (Italy).
The launch of Alipay+ represents the biggest acceptance of cross-border payments in Sri Lanka, including partners from top inbound operators and potential markets such as Italy, Singapore, Malaysia and China as identified by the Sri Lanka Tourism Development Authority (SLTDA), and other top growth markets like South Korea and Thailand.
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All these travellers will now be able to make seamless payments when they visit Sri Lanka paying with their preferred home payment app, which not only offers added convenience to mobile-savvy customers, but also ensures more business for local merchants.
Mr. Channa de Silva, CEO of LankaPay, expressing his views on this partnership said, “We are delighted to partner with Ant International and enable Alipay+ cross-border payment solution which signifies a landmark milestone in our global journey. This partnership connects us with international Alipay+ partner users worldwide enabling them to make seamless payments during their visit to Sri Lanka similar to their experience at home. This collaboration signifies our commitment to enhance payment convenience to tourists and business travellers to Sri Lanka and attract much needed foreign exchange into the country. Our aim is to support the country’s booming tourism sector with seamless and secure digital payments providing a greater convenience to the travellers whilst providing a cost-efficient digital payment acceptance mechanism to local merchants,”.
LANKAQR is a national initiative launched by the Central Bank of Sri Lanka to ensure all QR code-based transactions are standardized and interoperable in Sri Lanka. Introduced in 2020, LANKAQR network is managed and operated by LankaPay, providing a platform to connect consumers, banks and merchants into a single payment network across the country.
Mr. Edward Yue, General Manager for Southeast Asia, Australia and New Zealand, Ant International said: “The national LANKAQR infrastructure by the Sri Lanka Central Bank and LankaPay lays a strong foundation for the digitalisation of local businesses and we’re proud to partner with LankaPay to enhance interoperability and connect global customers to the local payment ecosystem. Tourism will be a significant driving force in the global economy and based on trends we are seeing, Sri Lanka will significantly benefit, as travellers seek rich cultural, nature and unique experiences. Beyond payments, Alipay+ also enables merchants to reach travellers through new digital services directly within mobile apps, digitalising key travel scenarios, opening new channels of engagements and driving even more vibrant and inclusive growth.”
About LankaPay
Incorporated in 2002 LankaPay is Sri Lanka’s National Payment Network. With a multitude of digital payment solutions, the entity facilitates domestic interbank payment solutions under the guidance of the Central Bank of Sri Lanka.
About Ant International
Headquartered in Singapore, Ant International is a leading global digital payment, digitisation and financial technology provider offering a unified techfin platform to unlock next-gen commerce for all.
