Regulatory Alerts2024-12-20 | Addendum 5 - Circular No. 02 of 2019Addendum 5 to Circular No. 02 of 2019: Establishment of a National Quick Response Code Standard for Local Payments
The Central Bank of Sri Lanka issued Addendum 5 to revise the fee structure and transaction limits for the LANKAQR national Quick Response Code standard. The directive caps the maximum Merchant Discount Rate at 1% and sets transaction limits between LKR 1 and LKR 500,000 per code. These revised financial parameters become effective on 1 January 2025 for all licensed banks, financial companies, and mobile e-money operators.
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