The Commercial Bank of Ceylon has announced that it has collaborated with UnionPay International (UPI) to enable QR code payment acceptance in Sri Lanka, enhancing the payment experience of UnionPay QR Wallet holders. Commercial Bank is the first Sri Lankan bank to issue a unified QR code under LANKAQR specifications that includes the UnionPay QR code. With this integration, the LANKAQR QR code generated by the Bank and provided to merchants will have UnionPay QR acceptance facility in addition to existing QR payment acceptance. The UnionPay QR is generated in conformity with EMVco standards and in accordance with guidelines provided by Union Pay International. UnionPay QR code payment is accepted at over 30 million merchants in 45 countries and regions.

Source: The Nation March 05, 2021 15:06 UTC