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Defence & Security Contractors: Pay Sri Lanka Suppliers Fast

Import defence equipment, security systems, and military supplies (licensed) Send LKR payments to Sri Lanka suppliers with t+0 (2.3s avg within unicorn network). Save 84% vs traditional banks.

Save £2,617 per £100k Payment

Typical savings for Defence & Security Contractors paying Sri Lanka suppliers

Traditional Bank

£3,122

FX Spread: 3.1% + £22 fee

❌ 2-3 day settlement
❌ Hidden FX margins
❌ High correspondent bank fees
❌ Manual compliance checks

Unicorn Currencies

£505

FX Spread: 0.5% + £5 fee

✓ T+0 (2.3s avg within Unicorn network)
✓ Transparent pricing
✓ LankaPay available
✓ 0.14s automated compliance

Your Annual Savings

84%

£2,617 per £100k

At £500k-£20M monthly volume, save £31,404/year

Common Challenges: Defence & Security Contractors in Sri Lanka

Industry Pain Points

Export license requirements
Stringent compliance (ITAR, EAR)
Long procurement cycles
Classified requirements

Country-Specific 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

How Unicorn Solves Defence & Security Contractors Payment Challenges in Sri Lanka

Fast Settlement: T+0 (2.3s avg within Unicorn network)

Use LankaPay for instant LKR settlement.Sri Lanka instant payment platform

Real-Time FX Exposure Tracking

Upload supplier invoices as PDFs. Our AI OCR extracts amounts and currencies. See exactly what waiting costs you in real-time. Lock rates for 15 seconds when you see a good rate.

0.14s Compliance Screening

Automated compliance checks for Sri Lanka regulations.Central Bank of Sri Lanka FX regulations handled automatically.

Defence & Security Contractors Payment Profile

Understanding the payment dynamics of Defence & Security Contractors when paying Sri Lanka suppliers

⏱ Payment Timing

Contract milestones over multi-year periods. Government payment terms: Net 60-90.

Settlement Priority: MODERATE: Planned contract milestones. Compliance clearance often more important than speed.

📄 Invoice Terms

Milestones per contract, Net 60-90 government, progress payments.

Cash Flow Pattern:

Government budget cycles. Multi-year contracts. Milestone-based. Long payment terms.

📊 FX Risk Profile

HIGH: USD (US defence), multi-year contracts. Large values. Government contracts may have FX clauses.

Supplier Relationships:

Strategic partnerships. Security-vetted supply chains. Long-term relationships. Prime/subcontractor structures.

Common Documentation for Defence & Security Contractors

Export License
End-User Certificate
Security Classification
Contract Documentation
Compliance Declaration

Popular Sri Lanka Supplier Types for Defence & Security Contractors

Common Sri Lanka Suppliers

Tea estates (Kandy, Nuwara Eliya)
Garment factories (Colombo, Katunayake)
Rubber producers (Western Province)
Gem traders (Colombo, Ratnapura)

Payment Tips for Sri Lanka

Sri Lanka = Ceylon tea leader, garment exporter
LankaPay enables instant LKR settlement
Colombo = Main business hub
Economic challenges - confirm supplier stability

Typical Transaction Size

£20k-£95k

Compliance Notice: Subject to sanctions and compliance screening. Certain industries and countries not supported.

Ready to Pay Sri Lanka Suppliers 84% Cheaper?

Join Defence & Security Contractors businesses saving £2,617 per £100k payment with t+0 (2.3s avg within unicorn network).

Open Account View Sri Lanka Details

Bank of Canada registered PSP | FINTRAC licensed MSB