Sri Lanka, Feb. 22 -- The Federation of Information Technology Industry Sri Lanka (FITIS) has expressed its strong support for LankaPay's launch of the Unified Payments Interface (UPI) acceptance in the island, an initiative taken in partnership with the National Payment Corporation of India's international arm-NIPL.

The UPI, a product of India's payment innovation, stands as a real-time payment system facilitating instant electronic fund transfers directly between bank accounts through mobile applications. Its amalgamation with LankaPay's national payment network extends many conveniences to Indian tourists and business travellers in Sri Lanka, empowering them to conduct seamless and cost-effective transactions at nearly 400,000 LankaQR...