Unicorn Currencies
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Pharmaceutical & Medical Supplies — Pay Sri Lankan Suppliers Faster, Cheaper

Regulatory shipments can't wait for your bank's settlement cycle.. And your bank makes it worse — 3-day settlements, 2-4% hidden FX spreads, and zero visibility into what your payments actually cost.

We built payment infrastructure for pharmaceutical & medical supplies businesses. 0.5% spreads. Same-day LKR settlement. Free container tracking.

Get a Quote for Your Next Sri Lankan Payment

Pharmaceutical & Medical Supplies margins are too thin to donate 2-4% to your bank on every supplier payment.

Before we show you a single number, know this: we are regulated, audited, and transparent. Our pricing is published. Our client funds are segregated. These aren't marketing claims — they're regulatory requirements we meet daily.

Regulated by
Bank of Canada
PSP under RPAA
Registered with
FINTRAC
MSB: C100000159
Client funds held in
Segregated Tier-1 accounts
Never co-mingled
Published pricing
0.5% spread + £5
No hidden markups. Ever.

These aren't marketing claims — they're regulatory requirements we meet daily.

Save £2,617 per £100k Payment

Typical savings for Pharmaceutical & Medical Supplies 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
£505
FX Spread: 0.5% + £5 fee
  • ✓ Settles in seconds — 2.3 second average
  • ✓ Transparent pricing
  • ✓ LankaPay available
  • ✓ 0.14s automated compliance
Your Annual Savings
84%
£2,617 per £100k

At £400k-£4M monthly volume, save £31,404/year

What Challenges Do Pharmaceutical & Medical Supplies Businesses Face Paying Sri Lanka?

Industry Pain Points

  • Strict regulatory compliance (MHRA, FDA)
  • Temperature-controlled logistics
  • High value, low volume shipments
  • Payment timing critical for batch releases

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 Do Pharmaceutical & Medical Supplies Businesses Typically Pay Sri Lankan Suppliers?

Fast Settlement: Settles in seconds — 2.3 second average

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.

How Pharmaceutical & Medical Supplies Businesses Typically Pay Sri Lankan Suppliers

If you're importing in this sector, you're likely dealing with a mix of payment terms. Here's how they work — and why speed matters.

⏱ Payment Timing

Payment upon batch release approval (not shipment). LC for first orders. Net 45-60 for established Indian generics suppliers.

This corridor settles same-day when using our rails — so you can align payments with your supplier terms instead of waiting on your bank.

📄 Invoice Terms

LC at sight for APIs over £100k. Net 45-60 for generics (India). Net 30 for EU medical devices. Escrow for clinical trial materials.

Cash Flow Pattern:

Steady with flu season spikes (Oct-Mar). NHS contract cycles. Pandemic/epidemic surges unpredictable. Clinical trial timelines project-based.

📊 FX Risk Profile

MODERATE: INR (generics), CHF (branded), EUR (devices). High margins (40-60%) on branded provide FX buffer. Generics (15-25%) more FX-sensitive.

Supplier Relationships:

Long-term relationships critical for supply continuity. Indian generics (price), Swiss/German (quality/branded). Audited supplier lists required.

Common Documentation for Pharmaceutical & Medical Supplies

  • Certificate of Analysis (CoA)
  • Certificate of Pharmaceutical Product (CPP)
  • GDP Compliance Certificate
  • Import License (MHRA)
  • Temperature Log/Data Logger Records

Popular Sri Lanka Supplier Types for Pharmaceutical & Medical Supplies

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
All payments are subject to standard compliance and sanctions screening. Certain industries and countries not supported.

Frequently Asked Questions: Pharmaceutical & Medical Supplies Payments to Sri Lanka

How do Pharmaceutical & Medical Supplies businesses pay suppliers in Sri Lanka?

Pharmaceutical & Medical Supplies businesses can pay Sri Lanka suppliers instantly using Unicorn Currencies. We offer a 0.5% FX spread with 2.3-second average settlement using local payment rails like LankaPay. This is significantly faster and cheaper than traditional SWIFT transfers which take 2-3 days.

What banking details do I need for Sri Lanka Pharmaceutical & Medical Supplies suppliers?

To pay Pharmaceutical & Medical Supplies suppliers in Sri Lanka, you need the recipient's SWIFT + Account or CEFTS (SWIFT/BIC or CEFTS branch code and account), account number, and beneficiary name. Our platform validates these details automatically to ensure successful payment delivery.

How much can Pharmaceutical & Medical Supplies businesses save on Sri Lanka payments?

Pharmaceutical & Medical Supplies businesses typically save 84% compared to traditional banks when paying Sri Lanka suppliers. On a £100k transaction, that's £2,617 in savings. With Unicorn Currencies, you pay just 0.5% FX spread + £5 per payment vs banks charging 3.1% spread + £22 fees.

Is container tracking available for Pharmaceutical & Medical Supplies shipments from Sri Lanka?

Yes, Unicorn Currencies offers FREE container tracking for Pharmaceutical & Medical Supplies shipments from Sri Lanka. You receive real-time visibility into your cargo, including demurrage alerts to help avoid costly port storage fees. This feature is included at no extra cost with your payment account.

What currencies do Pharmaceutical & Medical Supplies businesses typically use with Sri Lanka?

Pharmaceutical & Medical Supplies businesses typically convert GBP to LKR when paying Sri Lanka suppliers. Unicorn Currencies provides live exchange rates with a transparent 0.5% spread, and you can lock rates for 15 seconds when you see a favorable rate. Our AI-powered invoice OCR can automatically extract amounts and currencies from supplier invoices.

Ready to Pay Sri Lanka Suppliers 84% Cheaper?

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

Get a Free QuoteView Sri Lanka Details

Bank of Canada registered PSP | FINTRAC licensed MSB