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LANKAQR was launched to digitize the payment system in Sri Lanka, and is aimed at entrepreneurs and medium-sized enterprises . The payment system uses scannable QR code stickers, which are provided by LANKAQR's member organizations. The QR codes can be scanned using a proprietary app on a mobile device, which is provided by the user's financial ...
The Sri Lanka Interbank Payment System, commonly known as SLIPS, is a LKR-only online interbank payment and fund transfer system in Sri Lanka. [1] [2]SLIPS is owned by LankaClear, an organization owned by the Central Bank of Sri Lanka and all Licensed Commercial Banks operating in Sri Lanka, with 47.19% of shares held by the CBSL and State owned commercial banks, and 52.81% by other private banks.
On 7 March 2023, the rupee gained 0.5% to trade at 250.8 per dollar, registering a 14% increase after the announcement by the IMF that it will finalize a $2.9 billion bailout for Sri Lanka on 20 March and receiving assurances from China that it will assist in the country's debt restructuring efforts.
Apple Pay. If you’re an iPhone user, here’s how to use Apple Pay: First, add your credit and/or debit cards to Apple Pay. Open the Wallet app on your iPhone, tap the plus sign and follow the ...
The spot exchange rate is the current exchange rate, while the forward exchange rate is an exchange rate that is quoted and traded today but for delivery and payment on a specific future date. In the retail currency exchange market, different buying and selling rates will be quoted by money dealers. Most trades are to or from the local currency.
The Central Bank of Sri Lanka (CBSL) said in August that the inflation rate would moderate after peaking at about 70% as the country's economy slowed. Sri Lanka inflation rate surges to 70.2% in ...
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