Regulatory Alerts2026-03-13 | Circular No. 2 of 2026LANKAQR National Quick Response Code Standard for Local Currency Payments and Peer-to-Peer Fund Transfers
The Central Bank of Sri Lanka issued the LANKAQR Specification V1.3 to standardize Quick Response code-based payments and peer-to-peer fund transfers within the country's financial ecosystem. This document defines technical customizations to the EMV QR Code Specification, mandating specific data objects such as transaction currency, merchant category codes, and convenience fee indicators for all financial institutions and mobile money operators. By enforcing these interoperability requirements, the regulation aims to enable secure, efficient, and cost-effective digital transactions for merchants and consumers.
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