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On 14 October 2023, Narendra Modi announced that India and Sri Lanka are working on connecting UPI with Lanka Pay. [222] On 10 November 2023, the successful integration was shown by scanning LANKAQR with PhonePe. As per LankaPay CEO Channa de Silva, the integration will help Indian tourists pay in 450K+ locations in Sri Lanka. [223]
Company Platform Location 2C2P: Online, POS, mobile: Singapore: Adyen: Online, POS, mobile: Global, headquarters in the Netherlands: Alipay: Online, POS, mobile ...
The Sri Lanka Interbank Payment System, commonly known as SLIPS, is a LKR-only online interbank payment and fund transfer system in Sri Lanka. [1] [2]SLIPS is owned by LankaClear, an organization owned by the Central Bank of Sri Lanka and all Licensed Commercial Banks operating in Sri Lanka, with 47.19% of shares held by the CBSL and State owned commercial banks, and 52.81% by other private banks.
The Sri Lanka Interbank Payment System (or SLIPS in short) is the largest account-to-account fund transfer network in Sri Lanka. [2] Created by LankaClear, it enables member banks to carry out same-day transfers of up to Rs. 5 million, in a secure paperless process.
India's financial crime fighting agency searched the offices of fintech unicorns Paytm and Razorpay as well as Cashfree on Friday as part of an ongoing investigation into fraudulent Chinese loan ...
However in October, the Central bank of Sri Lanka noted that approving Mir in Sri Lanka was impossible due to US sanctions. [68] Instead Sri Lankan and Russian banks signed an agreement which allows Russian tourists to remit money to Sri Lankan banks before arrival by direct transfers between Russian and Sri Lankan banks. [69]
U.S. President-elect Donald Trump on Saturday demanded that BRICS member countries commit to not creating a new currency or supporting another currency that would replace the United States dollar ...
PhonePe announced the acquisition of $350 million from General Atlantic, a US growth equity firm, at a pre-money valuation of $12 billion. [23] Subsequently, another $100 million was attained in primary capital in February 2023 from Ribbit Capital, Tiger Global , and TVS Capital Funds, followed by $200 million in primary capital from Walmart ...