Dialog Axiata PLC, Sri Lanka’s leading connectivity provider, has announced a significant strategic partnership with UnionPay International, one of the largest and fastest-growing global payment networks. The agreement was formalized in the presence of Mr. Dong Junfeng, Chairman of China UnionPay and UnionPay International, and Mr. Supun Weerasinghe, Director and Group Chief Executive of Dialog Axiata PLC, alongside senior officials from UnionPay International and leadership from Dialog Finance PLC, a rising Fintech leader in Sri Lanka.
This strategic alliance positions Dialog Finance to offer a wider range of innovative payment products, enhanced national acceptance, and access to high-quality digital payment experiences for Sri Lankan consumers and merchants. These solutions are expected to support key sectors such as e-commerce, mobility, travel, retail, and MSME operations, aligning with the national priority of advancing cashless payments and digital financial inclusion.
The partnership is bolstered by UnionPay International, a leading payment network with a robust global presence, accepted in over 180 countries and regions. UnionPay has been expanding its global footprint through collaborations in banking and payment infrastructure, continuing to drive innovation and promote digital payment adoption worldwide.
Mr. Supun Weerasinghe, Director and Group Chief Executive of Dialog Axiata PLC, stated, “Through this collaboration, Dialog Finance will deliver world-class payment experiences to Sri Lankan consumers and businesses while strengthening our role as a catalyst for digital financial transformation. This partnership will leverage the strengths of UnionPay International as a leading global payment network and Dialog Group’s leadership in connectivity and cutting-edge technology.”
Mr. Dong Junfeng, Chairman of China UnionPay and UnionPay International, emphasized that by adhering to the New Four-Party Model, UnionPay is intensifying its collaboration with mainstream non-bank fintech companies. By leveraging the advantages of mobile payment products and a global acceptance network, UnionPay aims to facilitate the development of financial inclusion in Sri Lanka.
Dialog Finance PLC holds an AA(lka) rating with a Stable outlook from Fitch Ratings Lanka and is a licensed finance company regulated by the Central Bank of Sri Lanka under the Finance Business Act No. 42 of 2011, ensuring compliance, trust, and financial stability.
Photo: Left to right: Sheng Jinchun, Director, UnionPay International; Nazeem Mohammed, Director and Chief Executive Officer, Dialog Finance PLC; Dong Junfeng, Chairman of China UnionPay; Supun Weerasinghe, Director and Group Chief Executive, Dialog Axiata PLC; Renuka Fernando, Chairperson of Dialog Finance PLC and Group Chief Digital Services Officer of Dialog Axiata PLC; Cai Huiming, General Manager South East Asia, UnionPay International.
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