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India’s PhonePe unveils UPI payment in partnership with LankaPay

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LankaPay – Sri Lanka’s National Payment Network on Wednesday announced its partnership with PhonePe – one of India’s most popular fintech apps – towards accepting UPI payments at LankaQR merchant points.

The launch was graced by Indian High Commissioner Santosh Jha who highlighted the key role played by fintech connectivity in the overall connectivity between India and Sri Lanka. Addressing the gathering, Guest of Honour Central Bank of Sri Lanka Governor Dr. Nandalal Weerasinghe, acknowledged the collaboration’s capacity to unlock new opportunities and enhance competitiveness and the benefits that it would bring to Sri Lankan merchants.

PhonePe International Payments CEO Ritesh Pai said: “We are thrilled to announce our partnership with LankaPay. This collaboration offers unparalleled convenience to Indian tourists who can now use a familiar and secure payment method while traveling and pay across LankaQR merchant points. PhonePe has always been at the forefront of driving innovation in payments. We are incredibly proud to be driving UPI adaptation across India, and our expansion to Sri Lanka is another exciting step forward.”

LankaPay CEO Channa de Silva CEO said: “LankaPay is delighted to collaborate with PhonePe to revolutionise the cross-border payments between Sri Lanka and India. This partnership is bound to provide greater convenience to Indian tourists and business travelers in making seamless UPI payments at all LankaQR merchant points in Sri Lanka via PhonePe app. We are excited about the potential of this collaboration that would enhance payment experience to Indian tourists and business travellers during their stay in Sri Lanka and also provide the merchants with a cost-effective proposition to card payments. I envisage that innovation to be the cornerstone of this alliance and would lead to further strengthening of bilateral relations between the two countries.”

At the launch, de Silva also made an insightful presentation, giving a snapshot of Sri Lanka’s digital payment landscape followed by an insightful panel discussion on ‘The Future of Digital Payments in Sri Lanka: Opportunities for Sri Lankan Businesses,’ which focused on the possibilities and growth avenues for local businesses.

The session featured National Savings Bank GM/CEO Shashi Kandambi, Hatton National Bank PLC COO Sanjay Wijemanne, LOLC Finance PLC Chairman Conrad Dias, and Dialog Finance PLC Chairperson Renuka Fernando, who discussed how businesses can leverage digital payment technologies and tap into a wider market to stay competitive in an evolving economic landscape. The session was moderated by LankaPay CEO de Silva.

Following the panel discussion, PhonePe International Payments CEO Ritesh Pai unveiled insights on leveraging UPI for global markets and the growth prospects it offers for merchants.

The event also saw the presence of several key stakeholders from the Sri Lankan financial landscape, including senior representatives from banking sectors, payment system providers, and representatives from tourism sector and business associations. This alliance is facilitated through LankaPay’s partnership with NPCI International Payments Ltd. (NIPL).

During the event, PhonePe announced that its app users travelling to Sri Lanka can now make payments using UPI across LankaPayQR merchants nationwide. Users can simply scan LankaQR code to make secure and quick payments without carrying cash or calculating currency conversions. Their account will be debited in INR, showing the currency exchange rate. These transactions are facilitated by the Unified Payments Interface (UPI) and LankaPay National Payment Network.

PhonePe Group is India’s leading fintech company. Its flagship product, the PhonePe digital payments app, was launched in Aug 2016. In just seven years, the company has scaled rapidly to become India’s leading consumer payments app with over 520 million registered users and a digital payments acceptance network of 38 million merchants. PhonePe also processes 230+ million daily transactions with an annualised Total Payment Value (TPV) of $ 1.5+ trillion.

On the back of its leadership in digital payments, PhonePe Group has expanded into financial services (Insurance, Lending, Wealth) as well as new consumer tech businesses (Pincode – hyperlocal e-commerce and Indus App Store – India’s first localised App Store). PhonePe Group is an India headquartered technology company with a portfolio of businesses aligned with the company’s vision to offer every Indian an equal opportunity to accelerate their progress by unlocking the flow of money and access to services.

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Yevan David set for historic Monaco FIA Formula 3 debut

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Young Sri Lankan driver Yevan David is set to make his Monaco debut this weekend as the FIA Formula 3 Championship resumes after its opening round in Melbourne.

Driving for AIX Racing, the 18-year-old enters the iconic street race after testing at the Red Bull Ring, simulator preparation, and time spent balancing his racing programme with A-Level examinations.

David, the first Sri Lankan to compete in FIA Formula 3, said Monaco is one of motorsport’s biggest challenges due to its narrow layout, limited overtaking opportunities and high track evolution.

“Confidence and precision are just as important as outright speed,” David said, adding that he had focused heavily on simulator work ahead of the weekend.

The Monaco round runs from June 4 to 7, with the Sprint Race on Saturday and Feature Race on Sunday, according to the FIA Formula 3 calendar.

David will also race with a special helmet tribute to Ayrton Senna, whose Monaco performances remain among the most famous in Formula 1 history.

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A New Global Marina Front Address for Sri Lanka Presented by Prime & Melwa

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Prime and Melwa have unveiled the Prime Marina Sales Suite at Port City Colombo, a first of its kind in the region and a new benchmark for how a landmark real estate address is presented to the world. it has designed for globally minded, internationally travelled, and long past the language of conventional real estate. Every space within it is intentional, every detail deliberates crafted to ensure that the moment a customer steps in, they understand, without a word of explanation, exactly what this address represents and why it stands apart. The grandeur of the Suite set the tone unlike anything Sri Lanka’s real estate has witnessed before. Distinguished guests, business leaders, and investors from across the island and beyond gathered to witness a presentation commanding in its scale, immaculate in its execution, and resolute in its singular ambition.

“The Prime Marina Sales Suite was conceived knowing that everyone who walks in will have seen the best of what international Real Estate have to offer. Our benchmark was not Sri Lanka. Our benchmark is the world.”

Sandamini Perera, Co-Chairperson, Prime Group

A highlight of the day was the compelling presentation delivered by Mr. Sanmith Tharunya, Director of Prime Group, who took guests beyond the architecture and amenities to reveal the extraordinary vision behind Prime Marina. Through a presentation that was both inspiring and thought-provoking, he invited the audience to see beyond a conventional real estate development and appreciate the emergence of a truly global waterfront destination.

At this Suite, stands Prime Marina: an address of genuine global standing, unveiled to the world with the weight it deserves. Positioned at the very heart of Port City Colombo, on the Marina precinct, Prime Marina occupies the precise point where the iconic waterfront bridge, the Indian Ocean, and the Marina itself converge, a location that announces itself before a word is spoken, and that no other available plot in this city can claim. Rising from that singular position are landmark towers featuring 1, 2, 3, and 4-bedroom apartments and exclusive penthouses, architecturally authored by P&T Singapore, a firm whose work defines the standard across the most rigorous real estate markets in world.

Furthermore, the iconic development engaging one of Singapore’s top tier interior design companies, Index Design Pte Ltd, globally acclaimed architectural firm, to curate an exceptional interior environment that reflects the highest benchmarks of international design, craftsmanship, and luxury living.

In addition, the landscape architecture is being entrusted to Grant Associates of the UK, an internationally acclaimed landscape architecture practice renowned for creating some of the world’s most iconic and sustainable environments. Their involvement further reinforces our commitment to delivering a development that meets the highest global standards in design and aesthetics

The building commands unobstructed water on two sides: the living energy of a world class marina on one, the quiet stillness of a natural creek on the other. Prime Marina’s buyers are not simply acquiring a residence. They are claiming a rare stake in the future of a world class city destined to redefine Region’s waterfront real estate landscape.

It is the combined strength of Prime and Melwa two strong conglomerate that have shaped Sri Lanka’s economy and real estate landscape across decades, which has made a project of this scale and distinction possible

As Port City Colombo takes its place on the world stage, Prime Marina stands at its very forefront, setting a new benchmark for marina-front living in South Asia and establishing a legacy that will endure for generations to come.

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Nilshani to represent Sri Lanka at UN conference

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Nilshani de Silva, one of Sri Lanka’s leading disability rights advocates, has been selected to represent the country at the 19th Conference of States Parties to the Convention on the Rights of Persons with Disabilities, to be held at the United Nations Headquarters.

Serving as Sri Lanka’s youth representative at this year’s conference, she has also been invited to address the assembly alongside international leaders, including the United Nations Secretary-General, during the opening session on 9 June.

Notably, Sri Lanka will hold the presidency of this year’s Conference of States Parties, which is regarded as one of the world’s foremost forums dedicated to advancing and protecting the rights of persons with disabilities.

Nilshani de Silva, who has Down syndrome, is widely recognised as an advocate for the rights of Sri Lanka’s disabled community. She is also known as a skilled counsellor, teacher and fashion designer.

Reports indicate that this international recognition has been awarded in appreciation of her efforts to challenge societal misconceptions and champion the rights of persons with disabilities.

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