A new partnership will let Indian visitors pay Sri Lankan merchants with UPI, cards, net banking and other familiar options, with next-day settlement for businesses.
Pine Labs and WEBXPAY have launched a cross-border payments partnership that is designed to make it easier for Indian travellers to pay Sri Lankan merchants using the methods they already rely on at home. According to the companies, the arrangement is the first payment-aggregator-to-payment-aggregator collaboration of its kind in Sri Lanka under India’s Reserve Bank of India-authorised PA-CB framework.
The initiative gives WEBXPAY’s merchant network across hospitality, travel, retail and online commerce the ability to accept UPI, UPI AutoPay, cards issued by major Indian banks, net banking from more than 100 banks, EMI conversions and Credit on UPI. The companies say the system works within existing integrations and offers T+1 settlement, meaning merchants receive funds the next business day.
The timing reflects the scale of Indian tourism to Sri Lanka. The lead article says India remained the island nation’s largest source market in 2025, with more than 5.3 lakh Indian visitors, and that momentum has continued into 2026. For merchants, the companies argue, the main benefit is practical: customers can check out in a way that feels familiar, which may reduce abandoned transactions and help convert more spending into revenue.
Tanya Naik, senior executive vice president and head of online business at Pine Labs, said the company sees portable payment experiences as the next phase of cross-border commerce and described Sri Lanka as its first activation under the PA-CB framework. Thilak Piyadigama, executive chairman of WEBXPAY, said the partnership can remove a major point of friction for Indian visitors and create a digital bridge to one of the world’s largest consumer markets. Pine Labs and WEBXPAY say they plan to use the model as a template for further expansion across South-East Asia.
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