💳 Pine Labs & WEBXPAY Partner to Bring Indian Payment Options to Sri Lanka

India's Pine Labs and Sri Lanka's WEBXPAY have launched a strategic cross-border payments partnership, enabling seamless digital payments for Indian travellers visiting Sri Lanka. This marks the first Payment Aggregator-to-Payment Aggregator (PA-on-PA) partnership operating under the Reserve Bank of India's (RBI) PA-CB framework. • Key Highlights & Sector Breakdown: • Tourism & Hospitality: Indian tourists represent Sri Lanka's largest and fastest-growing market, with over 5.3 lakh (530,000+) arrivals recorded in 2025 and continued growth into 2026. • Digital Payments & E-Commerce: Removes payment friction for merchants across hospitality, travel, retail, and online commerce. • Accepted Payment Methods: Indian consumers can pay using UPI, UPI AutoPay, cards from major Indian issuers, net banking (100+ banks), EMI options, and Credit on UPI. • Merchant Benefits: Native integration with existing Sri Lankan merchant systems, native INR payment options, and T+1 settlement cycles without changing existing merchant infrastructure. • Strategic Context: • Bridges Sri Lanka's domestic merchants to one of the world's largest consumer markets. • Establishes a scalable model that Pine Labs plans to expand across Southeast Asia and other key international markets.