India, Sri Lanka Working To Link UPI With Lanka Pay Says PM Narendra Modi

[Abhishek012]

India, Sri Lanka Working To Link UPI With Lanka Pay Says PM Narendra Modi:​

UPI has taken over as the primary payment method in India since its inception in April 2016​

India and neighbour Sri Lanka are working on collaborating on digital payments. A linkage between India's near ubiquitous Unified Payments Interface and the island nation's Lanka Pay is in the works, said Prime Minister Narendra Modi on Saturday.

The prime minister was speaking at a ceremony to flag off a ferry service between Nagapattinam, Tamil Nadu and Kankesanthurai in Sri Lanka, when he said, "Our vision for connectivity goes beyond the transport sector."

India and Sri Lanka collaborate closely in a wide range of areas such as FinTech and energy. Digital payments have become a mass movement and a way of life in India due to UPI, he said

UPI, which was launched in April 2016, has become the predominant mode of payment in the country. It is expected to account for 90% share of retail digital transactions volume in the next five years, up from 75.6 percent in FY23, according to the Reserve Bank of India's June 2023 bulletin, which is based on PwC data.

At the press conference to announce the outcome of the monetary policy committee's meeting on Aug. 10, RBI Governor Shaktikanta Das had said that the internationalisation of the UPI is being worked on. A number of countries in Europe as well as Japan have evinced interest, he said.

So far, India has linked its UPI with Singapore and has struck an agreement with the United Arab Emirates to connect the UPI with the Integrated Payment Platform there.

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If you dnt know what's Lanka Pay then let me tell you.

Lanka Pay is a Sri Lanka’s National Payment Network and Also launched LankaPay JCB cobranded Debit/Credit Card in Sri Lanka -

JCB has entered into a strategic partnership with our neighbour, India and has commenced issuing co-brand RuPay JCB cards in India. Hence, both Sri Lankan co branded card holders touring India and Indian co-branded card holders touring Sri Lanka will be benefitted by this added convenience of using their debit and credit cards securely cross-border.


Official Website - https://www.lankapay.net/products-and-services/ncs/

 

[Sahilhenzy]

India, Sri Lanka Working To Link UPI With Lanka Pay Says PM Narendra Modi:​

UPI has taken over as the primary payment method in India since its inception in April 2016​

India and neighbour Sri Lanka are working on collaborating on digital payments. A linkage between India's near ubiquitous Unified Payments Interface and the island nation's Lanka Pay is in the works, said Prime Minister Narendra Modi on Saturday.

The prime minister was speaking at a ceremony to flag off a ferry service between Nagapattinam, Tamil Nadu and Kankesanthurai in Sri Lanka, when he said, "Our vision for connectivity goes beyond the transport sector."

India and Sri Lanka collaborate closely in a wide range of areas such as FinTech and energy. Digital payments have become a mass movement and a way of life in India due to UPI, he said

UPI, which was launched in April 2016, has become the predominant mode of payment in the country. It is expected to account for 90% share of retail digital transactions volume in the next five years, up from 75.6 percent in FY23, according to the Reserve Bank of India's June 2023 bulletin, which is based on PwC data.

At the press conference to announce the outcome of the monetary policy committee's meeting on Aug. 10, RBI Governor Shaktikanta Das had said that the internationalisation of the UPI is being worked on. A number of countries in Europe as well as Japan have evinced interest, he said.

So far, India has linked its UPI with Singapore and has struck an agreement with the United Arab Emirates to connect the UPI with the Integrated Payment Platform there.

---

If you dnt know what's Lanka Pay then let me tell you.

Lanka Pay is a Sri Lanka’s National Payment Network and Also launched LankaPay JCB cobranded Debit/Credit Card in Sri Lanka -

JCB has entered into a strategic partnership with our neighbour, India and has commenced issuing co-brand RuPay JCB cards in India. Hence, both Sri Lankan co branded card holders touring India and Indian co-branded card holders touring Sri Lanka will be benefitted by this added convenience of using their debit and credit cards securely cross-border.
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Official Website - https://www.lankapay.net/products-and-services/ncs/

Bro International HDFC Bank? It's our hdfc or their 😂

 

[akshayhs]

Bro International HDFC Bank? It's our hdfc or their 😂

There is hdfc Bank of sri Lanka. It also expands to housing development finance corporation

 

[Abhishek012]

Bro International HDFC Bank? It's our hdfc or their 😂

Ya, Our Housing Development Finance Corporation,

Official website - https://www.hdfc.lk/

Website UI is still 1990-2000.

HDFC Sri lanka also issue 2023 e-calander - https://www.hdfc.lk/dwnloads/2022/12/HDFC_Bank_2023_E_Calendar.pdf

Those gold days, Jab internet ki speed kbps me chalta tha aur humlog wallpaper and calender download kiya karte the internet se aur dil khus jo jata tha.

Dosto ko dekhate the dekh wallpaper and calender download kiya. 🤣🤣

Mere kuch friend toh Rs10 se Rs100 de kar chote chote wallpaper/e-calender download karta tha internet se.