Qitero Qitero

LANKAQR

Country: Sri Lanka (LK)  |  Payment Rail: real_time_payment

RealTimePayment Market Adoption: 45%

LANKAQR is Sri Lanka national standardized QR payment system established by the Central Bank of Sri Lanka (CBSL), featuring seamless EMVCo-compliant QR interoperability across all domestic commercial banks and mobile wallets for in-store retail and e-commerce.

🔄 User Payment Flow

  1. Customer selects LANKAQR at checkout or scans LANKAQR standee at merchant counter
  2. Customer opens any participating Sri Lankan mobile banking or wallet app (Flash, Q+, FriMi, Genie, eZ Cash)
  3. Customer scans dynamic or static QR code and verifies invoice amount in LKR
  4. Customer approves transaction with biometric authentication or secret PIN
  5. Real-time funds transfer executes through LankaPay clearing network with immediate SMS receipt

⚙️ Characteristics & Settlement

Instant PaymentYES
Supports QRYES
Supports RecurringNO
Supports RefundYES

🛠️ Merchant Integration Steps

  • Merchant displays LANKAQR code via POS, dynamic web interface, or static QR
  • LankaPay switch routes transaction synchronously to buyer bank/wallet
  • Merchant receives real-time settlement notification callback