Sri Lanka, Feb. 13 -- Commenting on the launch, they said it can revolutionize the tourist experience by providing a seamless payment solution. The Sri Lankan business community, regardless of the scale of the business, can join the LankaQR system easily by communicating with their banks, either state-owned or private.

According to statistics, around 380,000 LankaQR payment acceptance services have been issued by various banks so far and the number is expected to increase rapidly with the official launch of the payment mechanism yesterday, as more businesses in the small and medium-enterprise (SME) sector tend to obtain the LankaQR system.

The LankaQR mechanism was introduced a few years ago jointly by the Central Bank of Sri Lanka (CBS...