🇱🇰 Pay Suppliers in Sri Lanka
Pay Sri Lankan suppliers for tea, textiles, rubber, gems, spices
T+0 (2.3s avg within Unicorn network). Save 84% vs traditional banks.
What you need to send money to Sri Lanka
What details do I need to pay suppliers in Sri Lanka?
To pay suppliers in Sri Lanka you need the recipient's SWIFT + Account or CEFTS (SWIFT/BIC or CEFTS branch code and account), plus account number and beneficiary name. Payments typically settle in 2.3 seconds and cost 0.5% FX spread + £5 per payment.
How fast are payments to Sri Lanka?
Payments to Sri Lanka settle in an average of 2.3 seconds when using local rails such as LankaPay, compared to 2–3 days via traditional SWIFT.
How much does it cost to send money to Sri Lanka?
Unicorn Currencies charges 0.5% FX spread and £5 per payment. You save about 84% versus banks (e.g. £505 vs £3122 on a £100k transaction).
Cost Comparison: Banks vs Unicorn Currencies
See how much you save on £100,000 payment to Sri Lanka
| Cost Item | Traditional Banks | Unicorn Currencies |
|---|---|---|
| FX Spread | 3.1% | 0.5% |
| Payment Fee | £22 | £5 |
| Total Cost (£100,000) | £3,122 | £505 |
| YOUR SAVINGS | N/A | £2,617 (84%) |
| Settlement Time | 2-3 days (SWIFT) | T+0 (2.3s avg within Unicorn network) |
Local Payment Rails in Sri Lanka
Avoid expensive SWIFT fees. We use local payment systems in Sri Lanka for faster, cheaper settlement.
LankaPay
Sri Lanka instant payment platform
SLRPS (RTGS)
Central Bank of Sri Lanka RTGS
CEFTS
Common Electronic Fund Transfer Switch
Who Uses This Payment Corridor
Key Industries in Sri Lanka
- Tea
- Textiles
- Rubber
- Gems & Jewelry
- Spices
Average Transaction: £20k-£95k
Typical Monthly Volume: £130k-£1.3M
Popular Supplier Types
- Tea estates (Kandy, Nuwara Eliya)
- Garment factories (Colombo, Katunayake)
- Rubber producers (Western Province)
- Gem traders (Colombo, Ratnapura)
What You Need to Know: Sri Lanka Payments
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 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
Why Choose Unicorn for Sri Lanka Payments
Local Rails, Not SWIFT
We use LankaPay and other local systems in Sri Lanka. Avoid 3-4% SWIFT fees and 2-3 day delays.
84% Lower Costs
Save £2,617 on every £100,000 payment. On £130k-£1.3M monthly volume, save up to £78,510 annually.
Bank of Canada Supervised
Registered Payment Service Provider (PSP) and FINTRAC MSB. Full regulatory compliance for Sri Lanka payments.
Real-Time FX Tracking
Upload supplier invoices in LKR. See live P/L as GBP/LKR rates move. Lock rates for 15 seconds before committing.
£1,000,000+ Paying Suppliers in Sri Lanka? Save 84%
Enterprise treasury for import/export businesses with T+0 (2.3s avg within Unicorn network) settlement to Sri Lanka
For businesses with high annual FX volume. Not consumer transfers.