Srilanka, May 9 -- Reaffirming its commitment to bolstering Sri Lanka's digital economy, Mastercard and LankaPay, the national payment network of Sri Lanka, yesterday announced a strategic collaboration to enhance card issuance and digital payment acceptance and security.

The announcement was made during an event featuring senior executives from the two entities, along with key representatives of leading banks and fintechs in the country.

This collaboration will enable three key solutions - a co-branded debit card to accelerate digital adoption and financial inclusion, Mastercard Pay Local solution to enable low-cost QR payments for inbound tourists and domestic merchants and Mastercard's Brighterion AI solutions for advanced transacti...