Unicorn Currencies
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🇮🇹→🇱🇰

Send Money from Italy to Sri Lanka

Italian businesses and fashion houses paying Sri Lanka suppliers. Send EUR from Italy, receive LKR in Sri Lanka with t+0 (2.3s avg within unicorn network).

✓ Competitive Advantage: Local EUR collection + local LKR delivery = no correspondent bank fees

Save £2,617 per £100k Payment

Italy 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 EUR collection
  • ✓ Transparent 0.5% spread
  • ✓ LankaPay
Your Savings
84%
£2,617 per £100k
At £300k-£3M monthly, save £6,549/year

Sending from Italy: What You Need to Know

EUR Origin Specifics

  • Italy uses EUR currency
  • SEPA instant payment network
  • GDPR compliance required

Your Local Advantages

  • Local EUR account available
  • SEPA (Single Euro Payments Area) instant collection
  • No correspondent bank fees on origin side
Local Collection Method
SEPA (Single Euro Payments Area)
T+1 • European instant/standard payments. Covers 36 countries.

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

Italy → Sri Lanka Corridor Insights

Popular Industries

  • Tea
  • Textiles
  • Rubber

Peak Trading Hours

CET (GMT+1) 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 EUR from Italy to Sri Lanka?

Save 84% on every payment with t+0 (2.3s avg within unicorn network). Local EUR collection available.

Open AccountView Sri Lanka Details

Bank of Canada registered PSP | FINTRAC licensed MSB