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Scientific Equipment: Pay Sri Lanka Suppliers Fast

Import laboratory equipment, scientific instruments, and research supplies 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 Scientific Equipment 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 £200k-£2M monthly volume, save £31,404/year

Common Challenges: Scientific Equipment in Sri Lanka

Industry Pain Points

High-value precision equipment
Calibration and certification requirements
Grant funding payment timing
Technical support complexity

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 Scientific Equipment 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.

Scientific Equipment Payment Profile

Understanding the payment dynamics of Scientific Equipment when paying Sri Lanka suppliers

⏱ Payment Timing

Capital equipment: delivery + installation. Consumables: Net 30. Grant purchases: deadline-driven.

Settlement Priority: HIGH at grant deadlines: Funds expire, must spend. Installation commissioning also time-sensitive.

📄 Invoice Terms

Delivery + installation (equipment), Net 30 (consumables), grant terms variable.

Cash Flow Pattern:

Academic/grant cycles. Q1/Q4 budget spending. Research projects: milestone-based. Consumables: ongoing.

📊 FX Risk Profile

MODERATE: EUR (European), USD (American). Capital purchases planned. Grant timing can create urgency.

Supplier Relationships:

Major supplier relationships for service support. Calibration contracts. Academic pricing/discounts.

Common Documentation for Scientific Equipment

Calibration Certificate
CE/UKCA Declaration
User Manual
Installation Qualification
Validation Protocol

Popular Sri Lanka Supplier Types for Scientific Equipment

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 Scientific Equipment 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