back Back

PhonePe & PickMe enable contactless payments for Indian tourists in Sri Lanka

By Gloria Mathias

June 07, 2024

  • Contactless Payments
  • Digital Payments
  • eSewa
Share

PhonePe, FinTech, Digital Payments, Insurance Platform, Monthly Subscriptions, Digital Payments, UPI, Insurance Broking, Income Tax Payments, India, credit, Credit score, Credit management, India, Indus Store, Celebrity Voice Feature, Regional Payments, Star Health Insurance, Insurance payments, UPI payments, Singapore Payments, HAN, eSewa, Fonepay, UPI payments, PickMw, contactless payments,PhonePe has announced its collaboration with PickMe, Sri Lanka’s ride-hailing platform, to enable seamless UPI-based QR payments for Indian travellers in Sri Lanka.

The partnership signifies a step forward in enhancing travellers’ travel experiences by making it convenient for them to make cashless transactions on their PickMe rides from the moment they exit the Bandaranaike International Airport.

While travelling, managing foreign currency and ensuring enough cash on hand for various expenses can often become a hassle. By integrating PhonePe’s UPI-based QR payment system into their platform, PickMe aims to minimise that stress for Indian travellers visiting Sri Lanka.

Ritesh Pai, CEO of International Payments at PhonePe, added, “Our partnership with PickMe exemplifies the company’s commitment to providing Indian travellers with convenient and trusted payment solutions. Travel is all about exploring new cultures, and food and local shopping are integral parts of that adventure. Previously, navigating payments in a new country could be a hassle. Now, with PhonePe, Indian tourists visiting the beautiful island nation of Sri Lanka can enjoy the ease and security of UPI payments for their rides.”

Jiffry Zulfer, CEO of PickMe added, “Currently, we are the only ride-hailing platform in Sri Lanka to offer such a service to Indian travellers, and we hope to continue to innovate so that we make our ride-hailing service a convenient, safe and cost-effective mode of transportation for everyone. This collaboration not only enhances convenience for Indian travellers but also supports our mission to drive digital transformation in Sri Lanka’s transportation sector. By enabling QR payments, we are making travel easier and safer for tourists while also providing a new revenue stream for our drivers.”

The collaboration follows the launch of PhonePe last month, wherein the Indian High Commissioner, H.E. Santosh Jha urged companies in Sri Lanka to engage with Indian companies to build on the UPI stack for innovations in hotel bookings, cab bookings, delivery services, etc.

Previous Article

June 07, 2024

BS2 Bank selects Nium for global FX settlements & payouts

Read More
Next Article

June 10, 2024

Fifo Capital appoints Paul James as CEO

Read More






IBSi Daily News Analysis

cybersecurity,

June 20, 2024

Contactless Payments

Why predictive AI is a critical necessity in the field of cybersecurity

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

4 Open Banking platforms shaping the future of financial data in the US

Read More

Today

Discover Global Network & NETS expand payment acceptance in Singapore

Read More

Today

TerraPay & Thredd to power virtual card payments for the travel industry

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023