Sri Lanka, April 6 -- With effect from today (6), the service charge levied on merchants for all LankaQR transactions up to Rs. 5,000 will be removed.
Marking a milestone in Sri Lanka's digital economy, the 'National QR Payment Promotion Programme' will be officially launched today (6) under the patronage of President Anura Kumara Dissanayake.
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The primary objective of this initiative is to steer Sri Lanka towards a cash-lite economy with reduced reliance on coins and banknotes. Accordingly, financial institutions have taken steps to completely remove the Merchant Discount Rate (MDR) charged from merchants on all LankaQR transactions up to Rs. ...