Sri Lanka, Feb. 12 -- A press conference was held this afternoon (12) at the President's Media Center to announce a significant development aimed at making payments easier for Indian tourists in Sri Lanka. The conference followed the virtual launch introducing UPI transactions, highlighting their groundbreaking impact in connecting Sri Lanka and India.

Jointly implemented by NPCI International Payments Limited and Sri Lanka's LankaPay Pvt. Ltd., the program seeks to rapidly expand this payment system across 10,000 stores simultaneously. By March 2024, there are plans to further extend this facility to encompass a staggering 65,000 stores nationwide.

During the conference, Mr. Wasantha Alwis, Director (Payments and Settlements) of the Ce...