ComBank launches QR-based payment acceptance with UnionPay International

The Commercial Bank of Ceylon has announced that it has collaborated with UnionPay International (UPI) to enable QR code payment acceptance in Sri Lanka, enhancing the payment experience of UnionPay QR Wallet holders.

Commercial Bank is the first Sri Lankan bank to issue a unified QR code under LANKAQR specifications that includes the UnionPay QR code.

With this integration, the LANKAQR QR code generated by the Bank and provided to merchants will have UnionPay QR acceptance facility in addition to existing QR payment acceptance. Chinese and other tourists who have UnionPay enabled QR apps can scan the Commercial Bank’s LANKAQR QR code at merchant locations and pay for goods and services.

The UnionPay QR can be integrated to local merchant websites to facilitate e-commerce transactions as well. A QR code generated using the Q+ merchant app can be shared with customers via different social media to conduct transactions, the Bank said.