People’s Bank Sri Lanka has announced its support for the National QR Payment Adoption Programme launched to accelerate Sri Lanka’s transition towards a cash-lite economy through wider use of QR-based digital payments.
The programme aims to reduce dependence on physical currency by encouraging individuals and businesses to adopt secure and convenient digital transactions using mobile devices.
As part of the initiative, People’s Bank is supporting the programme through its digital wallet platform “People’s Pay,” which enables QR-based payments and a range of digital financial services.
Under the programme, customers can carry out QR transactions without additional charges, while merchants will not be charged fees for transactions up to Rs. 5,000. The initiative will also offer gifts to selected winners among LANKAQR users to encourage greater adoption of digital payments.
People’s Bank stated that its participation aligns with the bank’s broader digital transformation strategy aimed at building a more integrated and accessible digital banking ecosystem.
The “People’s Pay” platform includes features such as self-registration, tri-language support, secure payment detail storage, bill payments, QR-based transactions, and the ability to link multiple bank accounts.
The bank further noted that the application now supports Peer-to-Peer (P2P) QR transfers, allowing users to generate static and dynamic QR codes to complete transactions without sharing account details.
According to the bank, the National QR Payment Adoption Programme is expected to strengthen Sri Lanka’s digital payments landscape by promoting faster, safer, and more transparent financial transactions while expanding participation in the digital economy across the country.
People’s Bank said it will continue to focus on digital innovation and financial inclusion as Sri Lanka moves towards a more connected and cash-lite financial system.
