Alipay+ partners LankaPay enhance cross-border digital payments from Sri Lanka

Alipay+ recently signed a MoU with Sri Lanka’s National Payment Network LankaPay towards enhancing inbound and outbound travel experience through cross-border digital payments, enabling users of Alipay+ payment partners to make payments seamlessly at over 400,000 LankaQR merchants across Sri Lanka.

The partnership will also enable Sri Lankans to use their LankaQR enabled apps to scan and pay at Alipay+ merchants globally when travelling overseas.

By early 2024, users of leading Asian e-wallets from the region including Hong Kong SAR, Philippines, Singapore, South Korea and Thailand, will be able to use cashless payments when they travel to Sri Lanka with Alipay+ -a suite of global cross-border digital payments, marketing and digitalization solutions operated by Ant Group, by simply scanning LankaQR. LankaQR is a project initiated by the Central Bank of Sri Lanka to ensure all QR codes and QR based transactions in Sri Lanka are standardized and inter operable. Introduced in 2020, LankaQR network is managed and operated by LankaPay, the operator of Sri Lanka’s National Payment Network.

LankaPay Chief Executive Officer Channa de Silva stated; “We are delighted to announce this important partnership with Alipay+, which is a significant milestone in our endevour to facilitate seamless cross-border transactions in support of our vision to become a global player in digital payments. We believe this partnership will provide greater convenience to Asian tourists visiting Sri Lanka and a more acceptable proposition especially to the SME merchants with substantially low commission rate compared to card payments.”

Additionally, all e-wallets supported by LankaPay will be accepted by Alipay+ global merchant network by end of 2024, enabling Sri Lankans travelling overseas to simply pay with their familiar home e-wallet.

Alipay+ Offline Merchant Services, Ant Group General Manager Dr. Cherry Huang said: “Alipay+ continues to accelerate the shift towards digital travel in more regions through our integrations with national standardized QR codes, this time in Sri Lanka with LankaPay. As global travel recovers, we’ve noticed a shift in travel preferences, including travellers’ heightened expectations of how digital solutions should enhance their travel experience and greater interest in visiting previously less-explored destinations.”

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