<span style="color: #212529;">In a move to enhance digital connectivity, Prime Minister Narendra Modi and Sri Lanka President Ranil Wickremesinghe will launch the UPI services in Sri Lanka on 12th Feb 2024, Monday. The launch, that will be done via video conferencing, highlights India's leadership in Fintech innovation. The move also brings out India's commitment to sharing developmental experiences with partner nations. This strategic move capitalizes on India's robust cultural and people-to-people ties with Sri Lanka, aiming to streamline digital transactions and fortify digital connectivity. </span><br />''<br />''The Unified Payment Interface that allows users to transact in real-time from any bank account will be linked with LankaPay in the island nation to enable Indian tourists to make digital payments seamlessly just as they would do in India. With the launch of UPI in Sri Lanka, Indian travellers who till now had to convert their currencies while travelling to the island. Sri Lanka is hopeful that this launch will further boost tourism between the two countries. India has been the top source market for tourism to Sri Lanka.<br />''<br />''<span style="color: #222222;">Overall, it is estimated that about 77,000 touchpoints would be accessible for Indian travellers, through which they would be allowed to make transactions of up to 25,000 Indian rupees per day. The outlets will have a BHIM UPI branding to help users identify UPI-enabled touch points. It has also been learnt that LankaPay will expand the number of touchpoints to 4 lakh over the coming few months.</span><br />