Mastercard and LankaPay have partnered to launch a co-branded debit card, boost QR payments, and improve payment security in Sri Lanka. This move supports financial inclusion, better tourist experiences, and safer digital transactions across the country.\n\nMumbai: Mastercard and LankaPay have teamed up to launch a new co-branded debit card. This card will help people use digital payments more easily. It also supports Mastercard’s \"Priceless Specials\" platform, offering discounts and deals.\n\nCardholders can access Mastercard’s global travel and lifestyle services. Banks in Sri Lanka can easily add this card to their current systems.\n\n**Easy and Low-Cost QR Payments**\n\nTourists can now use Mastercard’s Pay Local service. This service links their debit or credit cards to the LankaPay app. They can then pay at over 400,000 LankaQR merchants using their own currency. This will make it easier and cheaper for visitors to spend money in Sri Lanka. It also helps local businesses accept more digital payments.\n\n**AI-Powered Fraud Protection**\n\nMastercard will use Brighterion AI technology to protect the LankaPay network. This tool checks huge amounts of data in real time to stop fraud. It will protect ATMs and account-to-account money transfers. The system is flexible and can grow as needed. It adds a strong security layer to digital payments in the country.\n\n**Leaders Support the Move**\n\nSandun Hapugoda, Mastercard’s Country Manager, said this plan will improve access, safety, and innovation. It will help both locals and tourists.\n\nLankaPay CEO, Channa de Silva, said the partnership will boost financial inclusion and help Sri Lanka’s tourism industry grow by making payments easier.

Mastercard & LankaPay Join Forces, Launch Co-Branded Card & Secure QR Payments In Sri Lanka

Mastercard and LankaPay have partnered to launch a co-branded debit card and enhance QR payments in Sri Lanka, aiming to improve financial inclusion, tourist experiences, and digital payment security. The collaboration includes AI-powered fraud protection and integration with Mastercard’s global services.