Archive · 2 Jun 2025
Mastercard and LankaPay Partner for Digital Payments
Imagine two big companies, Mastercard and LankaPay, are teaming up to make it easier to pay for things in Sri Lanka.
They're creating a special debit card you can use anywhere Mastercard is accepted.
They are also using smart computer programs, like AI, to stop bad guys from stealing money.
Tourists will be able to pay using their credit or debit cards through the LankaPay app.
This means faster, safer, and easier ways to pay for everyone!
Mastercard and LankaPay are partnering to advance digital payments in Sri Lanka.
The partnership will introduce a co-branded debit card.
AI-powered fraud detection will be implemented using Mastercard's Brighterion technology.
The initiative supports low-cost QR payments for tourists and merchants.
Foreign tourists can pay in their home currency using the LankaPay app.
- Who
- Mastercard and LankaPay
- What
- A strategic partnership to advance Sri Lanka’s digital payments ecosystem.
- When
- Announced in the article.
- Where
- Sri Lanka
- Why
- To boost digital usage, financial inclusion, and tourism by simplifying payments.
- Partnership Type
- Strategic partnership
- Key Focus
- Debit card issuance
- Key Focus
- Secure transactions
- Key Focus
- Affordable QR payments
- Technology
- AI-powered fraud detection
- Cardholder Benefit
- Priceless Specials platform
- LankaQR merchants
- 400,000+