🇨🇦→🇱🇰
Send Money from Canada to Sri Lanka
Businesses in Canada paying Sri Lanka suppliers for Tea. Send CAD from Canada, receive LKR in Sri Lanka with t+0 (2.3s avg within unicorn network).
✓ Competitive Advantage: Local CAD collection + local LKR delivery = no correspondent bank fees
Save £2,617 per £100k Payment
Canada to Sri Lanka corridor savings
Traditional Bank
£3,122
- ❌ 2-3 day settlement
- ❌ Multiple correspondent banks
- ❌ Hidden FX margins
- ❌ High SWIFT fees
Unicorn Currencies
£505
- ✓ T+0 (2.3s avg within Unicorn network)
- ✓ Local CAD collection
- ✓ Transparent 0.5% spread
- ✓ LankaPay
Your Savings
84%
£2,617 per £100k
At £300k-£3M monthly, save £6,549/year
Sending from Canada: What You Need to Know
CAD Origin Specifics
- CAD commodity currency (tracks oil/resources)
- Interac e-Transfer for fast payments
- FINTRAC oversight
Your Local Advantages
- Local CAD account available
- EFT (Electronic Funds Transfer) instant collection
- No correspondent bank fees on origin side
Local Collection Method
EFT (Electronic Funds Transfer)
T+1 to T+3 • Canadian domestic bank transfers. Standard clearing.
Paying Suppliers in Sri Lanka: Compliance & Requirements
Regulatory Considerations
- Central Bank of Sri Lanka FX regulations
- Sri Lanka Customs documentation
- VAT (15%) on goods and services
- Board of Investment approvals for certain sectors
Payment Best Practices
- Sri Lanka = Ceylon tea leader, garment exporter
- LankaPay enables instant LKR settlement
- Colombo = Main business hub
- Economic challenges - confirm supplier stability
Destination Settlement
T+0 (2.3s avg within Unicorn network)
via LankaPay
Canada → Sri Lanka Corridor Insights
Popular Industries
- Tea
- Textiles
- Rubber
Peak Trading Hours
EST/PST (GMT-5/-8) to GMT time zone consideration
Best for rate execution and faster settlement
Typical Volume
£50k-£250k
Average transaction size for this corridor
Monthly volume: £300k-£3M
Compliance Notice: Subject to sanctions and compliance screening. Certain industries and countries not supported.
Ready to Send CAD from Canada to Sri Lanka?
Save 84% on every payment with t+0 (2.3s avg within unicorn network). Local CAD collection available.
Bank of Canada registered PSP | FINTRAC licensed MSB