Archives April 2026

Mumbai to Conduct Tree Census After 8 Years

Apr 16 (BNP): Mumbai is set to begin a fresh tree census next week, ending an eight-year gap since the last comprehensive count, the Brihanmumbai Municipal Corporation (BMC) has announced.

The citywide exercise, expected to take nearly 18 months, will map and document trees across different zones, providing an updated picture of Mumbai’s green cover.

The previous census conducted in 2018 recorded around 33.7 lakh trees, including large green pockets such as Aarey. Officials say the upcoming survey will play a crucial role in tracking changes in tree population, guiding urban development, and strengthening environmental conservation efforts.

The initiative is also expected to support data-driven decision-making in protecting and expanding the city’s green spaces.

cryptact Launches MCP Server for AI Assistants

Business Wire India

cryptact, the crypto tax platform used by more than 200,000 investors and operated by pafin Inc., today launched an MCP server that lets AI assistants such as Claude and ChatGPT pull users’ profit-and-loss and portfolio data directly from their cryptact accounts. The server gives users a new way to put their crypto data to work with AI — from analysis to automation.

How It Works

Using Anthropic’s open MCP protocol, the cryptact MCP server connects AI assistants directly to a user’s cryptact account. Once connected, users can ask questions in plain language and get back profit-and-loss summaries, portfolio data, and transaction histories.

What Users Can Do

At launch, the server offers ten read-only tools. Users can pull realized P&L summaries by fiscal year or asset, search transactions by date or exchange, and check portfolio holdings with current market values and cost basis.

For example, a user can ask an AI assistant “Show me my 2025 BTC realized gains,” retrieve the annual P&L summary from their cryptact account, and use it for further analysis or automation — all within the AI assistant.

All current tools are read-only, so nothing can be modified or deleted through the server.

Part of a Broader Push

The MCP server is the second new access channel. On April 2, cryptact released a command-line interface (CLI) for developers who prefer terminal workflows. The MCP server broadens the reach further: anyone with an AI assistant can query their cryptact data in plain language — no coding or API calls needed.

Future releases may add write operations — such as editing transactions and uploading trade files — based on what users ask for.

Availability

The MCP server is free for all cryptact users, regardless of plan tier. Setup instructions are available at: https://support.cryptact.com

Note: cryptact is a tax calculation tool and does not provide tax advice. Users should consult a qualified tax accountant for filing decisions. When data is shared with third-party AI assistants, it is subject to each provider’s terms of service.

Jeanologia unveils a new sustainable textile finishing model powered by AI, laser and ozone at Indo Intertex

Valencia (April 16, 2026).
Jeanologia, a global leader in eco-efficient technologies for the textile industry, is taking part in Indo Intertex 2026, held from April 15 to 18 at the Jakarta International Expo (Indonesia), bringing together manufacturers, production managers, and industrial decision-makers from across the textile value chain in the Asia-Pacific region.

In this setting, the Spanish company presents a new model for garment finishing based on the integration of its artificial intelligence system “Billy,” laser technology, and G2 Ozone, designed to transform production processes towards more automated, efficient, and responsible models.

More than 25 years ago, Jeanologia revolutionized denim finishing with its laser technology, replacing manual processes such as hand sanding and sandblasting, which were associated with high environmental impact and risks to workers’ health. Today, the company takes a step further by combining this technology with advanced air-based washing solutions and AI, consolidating a more creative, precise, clean, and efficient production model.

Digital creativity with industrial precision

At Indo Intertex 2026, Jeanologia showcases the latest developments in its laser technology, now enhanced by its AI system Billy, improving design quality and marking precision on denim garments. This combination allows for the accurate reproduction of vintage effects, localized wear, and complex patterns with full consistency, eliminating manual reprocessing and ensuring more authentic finishes.

Live demonstrations at Jeanologia’s booth feature the Compact Super laser system, highlighting its capacity to deliver high-speed processing, increased productivity, and consistent quality in industrial environments.

Full process automation and increased execution speed allow manufacturers to meet the demands of the textile industry, where operational efficiency, digitalization, and sustainability have become key factors for competing in international markets.

The ozone revolution

As a complement to laser technology, Jeanologia presents its Atmos process, based on G2 Ozone + Indra technology, which enables garment finishing treatments using air, replacing traditional water-based washing processes.

G2 Ozone transforms oxygen from the air into ozone, which acts as a natural oxidizing agent for indigo, allowing the fabric to be cleaned and the final tone of the garment to be adjusted. It offers a sustainable alternative to traditional and polluting stone washing, enabling abrasion effects, marbling, and tone variations in denim (from dark to medium or light washes) without the use of pumice stones or toxic chemicals.

The combination of AI, laser, and ozone technologies makes it possible to produce garments with an authentic and natural look, without manual intervention, with minimal water consumption and no harmful substances, in line with the company’s global goal: Mission Zero, which aims to dehydrate and detoxify the textile industry worldwide.

Asia, the new axis of textile competitiveness

Asia-Pacific has established itself as the main driver of the global textile industry, concentrating some of the world’s largest production and export hubs. Manufacturers and brands are accelerating their transition towards more efficient, automated, and sustainable models, driven by growing international demands for traceability, environmental impact reduction, and competitiveness.

Jeanologia has a strong presence in the region, where it has been working for more than two decades alongside manufacturers, exporters, and major textile groups, providing technological solutions, consultancy, and local technical support. This track record has enabled the company to position itself as a strategic partner in the industry’s shift towards cleaner, digital, and more profitable processes.

“Competitiveness in the textile industry is no longer measured solely in terms of cost, but in the ability to produce efficiently, with traceability and sustainability. The factories adopting this model in Asia are the ones that will lead the global supply chain in the coming years,” said Jean-Pierre Inchauspe, Business Director for Asia at Jeanologia.

GAIL to Develop 600 MW Solar Project with Battery Storage in Uttar Pradesh

Apr 16 (BNP): GAIL (India) Limited has entered into an agreement to develop a 600 MW solar power project in Uttar Pradesh, incorporating an advanced battery energy storage system to enhance reliability and efficiency.

The integration of battery storage will help manage the intermittent nature of solar power by storing excess energy and supplying it during peak demand or low generation periods, ensuring a more stable power supply to the grid.

This project marks a significant step in GAIL’s strategy to diversify into renewable energy and strengthen its clean energy portfolio. It is also aligned with India’s broader push to increase non-fossil fuel capacity and reduce carbon emissions.

Once operational, the project is expected to contribute substantially to the state’s renewable energy capacity, support growing electricity demand, and improve grid stability through sustainable power solutions.

The initiative highlights GAIL’s continued focus on energy transition and its commitment to supporting India’s long-term climate and energy security goals.

India’s Trade Deficit Seen Widening in FY27 on Oil Price and Global Risks

Apr 16 (BNP): India’s trade deficit could expand in the financial year 2026–27, driven by global economic uncertainty and potential volatility in crude oil prices, according to a recent report.

Rising geopolitical tensions and fluctuations in global demand are expected to put pressure on exports, while higher oil prices may increase the country’s import bill. As India remains heavily dependent on energy imports, any sustained rise in crude prices could significantly impact the trade balance.

The report also highlights that external risks, including shifting trade dynamics and currency movements, could add to the pressure on India’s overall trade performance.

While domestic demand is expected to remain stable, analysts caution that global headwinds may limit export growth, making it challenging to contain the widening gap between imports and exports.

Experts suggest that managing energy costs, diversifying export markets, and strengthening domestic manufacturing could help mitigate some of these risks in the coming year.

Wood Mackenzie: Six-country international shale priority list for energy security as Middle East conflict drives supply diversification

LONDON/HOUSTON/SINGAPORE, April 16, 2026 – Middle East conflict has elevated strategic energy security priorities as countries seek supply diversification, international shale exploration can play a key role in meeting those goals, according to new research from Wood Mackenzie, titled “A hydrocarbon copy: the upstream industry’s return to international shale exploration”.

Six countries are advancing unconventional resource development to help address energy security objectives. Algeria leads for European supply diversification, while the UAE, Mexico, Australia, Türkiye, and Indonesia pursue domestic energy strategies through international partnerships and technology deployment.

Algeria’s proximity to European market

Algeria hosts vast reserves, and the Lower Silurian shale offers piped export potential. ExxonMobil and Chevron have exploration partnerships, though oilfield service bottlenecks require resolution.

Five additional countries target energy independence:

  • UAE – Abu Dhabi National Oil Company is moving toward final investment decisions for unconventional gas supporting a 2030 self-sufficiency target. Drilling could exceed 300 wells per year.
  • Mexico – Pemex set 2030 shale gas and tight oil targets amid US trade tensions.
  • Australia –The Northern Territory Beetaloo gas project targets LNG backfill and east-coast market supply.
  • Türkiye – Continental is working in the Diyarbakır and Thrace basins and advancing exploration at an accelerated pace compared to other companies’ earlier efforts.
  • Indonesia – Regulators seek US participation in Sumatra basin tight oil. Targets include lacustrine sediments, once thought too challenging but proven viable by the Uinta basin in the US.

From Permian concentration to global re-engagement

A mix of subsurface and regulatory challenges slowed international shale progress in the 2010s, but the evolving Permian opportunity proved decisive. Companies ended global shale exploration and pivoted to West Texas for lower-risk, lower-cost growth.

Eight companies that once led global shale exploration—ExxonMobil, Chevron, Shell, BP, ConocoPhillips, Marathon, EOG, and APA—spent $230 billion acquiring and developing Permian positions between 2012 and 2025. Breakevens were driven down by more efficient operations and dramatically improved well recoveries, positioning the Permian lower on the global cost curve

US Lower 48 growth is slowing now though, and companies are looking elsewhere to leverage their unconventional skillsets.

A high-graded global search

Global shale exploration last decade also suffered from a lack of focus. Companies are now evaluating approximately 20 high-graded plays, compared with over 100 assessed last decade.

“Explorers know the countries to avoid,” said Robert Clarke, Vice President, Upstream Research at Wood Mackenzie. “Bans on hydraulic fracturing or unworkable fiscal terms will make certain projects impossible. Companies also have a better understanding of supply-chain risks, such as red tape that restricts the import of critical drilling and completion equipment.”

Two US shale specialists have made concrete moves. Continental Resources entered Argentina’s Vaca Muerta through multiple deals and formed an unconventional joint venture with Türkiye’s state oil company. EOG Resources made unconventional entries into Bahrain and the UAE. Some plays being studied are assets EOG evaluated during the first wave of global shale exploration. Majors, international oil companies and national oil companies are all participating.

Proof of scale and requirements for success

Argentina’s Vaca Muerta and Saudi Arabia’s Jafurah demonstrate achievable scale in plays outside North America. Combined, the projects will produce more than 2.5 million barrels of oil equivalent per day in the next decade and absorb $250 billion in future capital expenditure. Jafurah and Vaca Muerta prove that public companies, private investors and national oil companies can all participate.

“Countries seeking to commercialize projects must customize fiscal arrangements, terms for work programs and licensing,” said Josh Dixon, Senior Research Analyst at Wood Mackenzie. “Where there is alignment with national interest and the will to make these projects succeed, incentives for investment will follow.”

“The greatest advantage for global shale 2.0 is that there is no new US play on the scale of the Permian Basin to compete for future short cycle capital,” said Robert Clarke. “US shale drove growth over two decades nearly equivalent to the next ten countries combined—that’s the scale energy-thirsty economies abroad want to replicate. Technology has pushed costs down across all US shale basins. Where host governments align unconventional development with national energy security and provide fast regulatory timelines, investment and expertise will follow.”

West Asia conflict disrupts aviation, leads to 15–20 percent dip in inbound tourist traffic; Rs. 18,000 crore net loss for industry: PHDCCI report

West Asia conflict disrupts aviation, leads to 15–20 percent dip in inbound tourist traffic; Rs. 18,000 crore net loss for industry: PHDCCI report

PHDCCI today released its report‘Impact of the West Asia Conflict on India’s Tourism, Aviation & Hospitality Sectors’, highlighting significant disruptions across aviationinbound tourism, hospitality and restaurant segments, even as strong domestic demand continues to support overall sector stability. 

India’s tourism and hospitality sector, which contributes nearly 8% to GDP and supports over 40 million jobs, is once again facing external shocks due to escalating geopolitical tensions. The report notes that while the sector had witnessed a strong V-shaped recovery in 2025, with branded hotel inventory nearing 200,000 rooms and domestic aviation traffic crossing 5 lakh passengers per day, the West Asia conflict in early 2026 has introduced fresh volatility. 

The aviation sector has emerged as the most impacted, with airlines facing flight cancellations, airspace restrictions and significant rerouting of international flights. These disruptions have increased flying time by 2–4 hours on key routes, leading to a sharp rise in fuel consumption and operating costsIndustry estimates indicate that fuel accounts for 35-40% of airline operating costs and the ongoing situation has further strained airline profitability. The disruption of Middle East air corridors which is among the busiest global transit routes has also reduced connectivity efficiency and increased airfares. 

The report highlights a 1520% decline in inbound tourist traffic, particularly in leisure travel, as global travellers adopt a cautious approach amid geopolitical uncertainty. Outbound travel patterns have also shifted, with Indian travellers increasingly preferring short-haul destinations such as Thailand, Singapore and Vietnam, while long-haul and transit-dependent routes have seen moderation due to geopolitical risks.

The hospitality sector continues to remain resilient, supported by strong domestic travel demand. However, the report notes margin pressures due to rising energy costsincreased input prices and fluctuating international demand, particularly in premium and business hotel segments dependent on foreign travellers. Despite stable occupancy levels driven by domestic tourism, profitability remains under pressure. 

The restaurant and food services sector is also experiencing a mixed impact. According to industry estimates aligned with insights from the National Restaurant Association of India (NRAI), the sector is facing input cost inflation in the range of 10–15%, driven by higher prices of imported ingredients, logistics and energy. Premium dining and hotel-based restaurants in key tourism hubs have seen softening of international customer footfall, while domestic demand and food delivery contributing 20–30% of revenues for many organized players continue to provide stability. However, margin compression remains a key concern, especially for small and mid-sized operators. 

Despite these challenges, domestic tourism continues to act as the primary growth engine, cushioning the sector against global disruptions. Travel trends such as revenge travel, staycations, bizcations and experiential dining are sustaining demand across hotels, airlines and restaurants.

To mitigate the impact and strengthen sector resilience, the report outlines several key policy recommendations. These include diversifying international air routes and reducing dependence on conflict-prone regionsenhancing bilateral air service agreements to improve connectivity and rationalizing taxation across aviation turbine fuel (ATF), hospitality and F&B sectors to reduce cost pressures. The report also calls for targeted financial support and easier credit access for MSMEs, which form a significant part of the tourism and restaurant ecosystem. 

Further, it recommends accelerating infrastructure developmentimproving multimodal connectivity and promoting domestic tourism circuits to sustain demand. Strengthening digital travel facilitationvisa processes and destination marketing in alternative global markets is also highlighted as critical to offset declines in traditional inbound segments. For the restaurant sector, the report emphasizes the need to stabilize supply chainsreduce compliance burdens and support local sourcing ecosystems. 

The report concludes that while the West Asia conflict has introduced short-term disruptions, it also presents an opportunity for India to build a more resilient, diversified and self-reliant tourism ecosystem. With strong domestic fundamentals and coordinated efforts between government and industry stakeholders, India’s tourism, hospitality and F&B sectors are well-positioned to navigate current uncertainties and sustain long-term growth.

Insecticide in insect repellents impairs bumblebees’ ability to navigate

Even brief exposure to the insecticide used in mosquito repellents can significantly impair bumblebees’ ability to find their way back to the nest. The bumblebees’ ability to navigate back to the nest is vital to the survival of the entire colony.

In the summer, many people turn to mosquito repellents to reduce the insects’ buzzing and bites. One solution that has become increasingly popular in recent years is the Thermacell device, which releases vaporized, pyrethroid-based insecticide prallethrin into the air. There has been much discussion in recent years about the effects of this substance on nature and pollinators in particular, but research data has been limited.

Researchers from the University of Turku and University of Oulu in Finland studied how prallethrin impacts bumblebees’ behaviour. The results of the study show that even a brief exposure to the insecticide can significantly impair bumblebees’ ability to find their way back to the nest.

Insecticide in insect repellents impairs bumblebees’ ability to navigate

 

“For bumblebees, returning to the nest is no small matter, on the contrary, it is essential to the survival of the entire colony. If the workers cannot find their way back, the nest will not get any food,” says Senior Research Fellow Olli Loukola from the University of Turku.

Impact on navigation was clear, but exposure did not increase mortality

The researchers studied the behaviour of 167 buff-tailed bumblebees (Bombus terrestris). They were exposed to prallethrin for one, ten or twenty minutes with a repellent device meant for consumer use, after which the bumblebees were released a kilometre from their nest and their return was monitored for three days.

The results were clear. Of the bumblebees in the control group that were not exposed to prallethrin, 37% returned to the nest. The return percent of the bumblebees that were exposed to prallethrin for one minute did not differ from that of the control group. However, of the bees that were exposed for ten minutes, only 17% found their way back, and just 5% of the bumblebees that were exposed to the insecticide for twenty minutes returned to the nest.

For those individuals that managed to return, the time taken to do so was not prolonged. Furthermore, laboratory tests showed that exposure did not increase bumblebee mortality, suggesting that the effect is specifically related to impaired navigation ability rather than direct toxicity.

“Bumblebee colonies depend on workers collecting food, so if they cannot find their way back to the nest, the colony’s ability to obtain nutrition deteriorates. Over time, this can weaken the nest, reduce the number of new queens and, in the worst-case scenario, result in the death of the entire colony,” says Researcher Kimmo Kaakinen from the University of Turku.

Researchers recommend reassessing the ecological safety of mosquito repellents

In Finland, the use of Thermacell devices is permitted, but their use is restricted to the immediate vicinity of residential buildings, such as yards and patios. The devices must not be used indoors or in natural environments, such as forests or national parks.

“Prallethrin-based repellents are used in many countries primarily for convenience. In some situations, their use may be justified, for example, in the prevention of diseases spread by mosquitoes,” says Kaakinen.

According to the researchers, it is important to conduct a more detailed assessment of the effects of household insecticides on pollinators. They state that the study’s findings highlight the need to reassess the ecological safety of these products.

The research was conducted in collaboration between the University of Turku and the University of Oulu and the research article was published in the journal Biology Letters.
Read the research article: https://doi.org/10.1098/rsbl.2025.0749

Eco-Luxury – The ‘New Normal’ in Premium Housing

Akash Pharande

  – by Akash Pharande, Managing Director – Pharande Spaces:

For several decades until fairly recently, marble lobbies, imported fixtures, and sweeping views of the city or landscaped parks, gardens and sometimes reserved forests were the hallmarks of luxury in Indian real estate. This definition has rapidly evolved since the Covid-19 pandemic and recent global warming statistics have redefined comfort, health, and responsibility.

Today, luxury homes must tick several new boxes for affluent buyers who have travelled the world and are very aware of climate risks. The trend of eco-luxury housing has taken firm root in India, changing the basic idea of what it means to live in luxury. Modern integrated townships follow this design philosophy as a matter of course. 

Where It Began

This trend can be traced back to factors that came together during the pandemic years. Indians suddenly spent more time at home than they had ever hoped or planned, becoming acutely aware that air quality, natural light, thermal comfort, and proximity to green spaces are actually very important.

And, of course, India’s urban infrastructure problems – water shortages, power outages – and extreme heat events had already shown us how weak regular luxury is. An apartment with a designer kitchen but no way to collect rainwater suddenly looked like an argument that began well but then remained incomplete.

Eco-Luxury – The 'New Normal' in Premium Housing

 

Meanwhile, HNIs and NRIs who had lived in LEED-certified buildings in Singapore, London, or Dubai came back with very clear expectations. ESG credentials, biophilic design, and verifiable sustainability metrics are all normal in those markets. India’s government started pushing developers to build more environmentally friendly buildings by making building codes stricter, offering green FAR incentives, and supporting certifications like IGBC and GRIHA.

This was all part of India’s goal to reach net-zero emissions by 2070. In other words, market and mandate aligned almost perfectly to create the perfect stage for eco-luxury as the responsible way to announce your social ‘arrival’ without compromising on superior creature comforts.

What Eco-Luxury Really Means

Let me first state what it is not: putting solar panels on a regular tower as an afterthought is neither luxury nor eco-luxury. What it really is – a design philosophy that weaves sustainability into every part of a luxury project, from its orientation and glazing to how the microclimate and the community’s water systems are managed.

At a minimum, an eco-luxury home today must have:

– IGBC or LEED green certification
– Robust rainwater harvesting and waste water treatment systems
– Solar power generation for common areas and even individual units
– EV charging stations incorporated
– Biophilic design with vertical gardens, natural ventilation and lots of natural light
– Smart metering to manage energy and water
– Smart air filtration systems, non-toxic finishes, acoustic design, and access to curated green open spaces

These are now considered standard features of eco-luxury – not ‘extra’ wellness and sustainability talking points for the brochures. Luxury townships following the eco-luxury blueprint generally do not advertise these details, as they are expected to have them as a matter of course.

Eco-Luxury – The 'New Normal' in Premium Housing

 

How Appealing is The Eco-Luxury Township Lifestyle?

The appeal is broad, but it works best for three types of buyers. Young high-net-worth individuals in the tech sector, usually between the ages of 35 and 50, see green credentials as a sign of smart, future-proof design. NRIs, who invest USD 14 billion a year in real estate, are used to sustainability benchmarks as a standard in mature global markets.

And women who make decisions about buying luxury products – including homes – now have significantly more market power than they did in bygone years. Women HNIs ALWAYS put health, wellness, and environmental responsibility first when choosing a home.

While aspiration for the eco-luxury township lifestyle has never been higher in India, there is also cold pragmatism behind the rise of this important new evolution of the luxury housing story. In cities like Pune and Bengaluru, where water is hard to come by and electricity costs are high, a home with certified water recycling and solar integration delivers less volatile utility bills. This is a very real luxury for homebuyers who value predictability as much as prestige.

Costs for Developers and Buyers

Building a township to eco-luxury standards involves notably higher construction costs. Fees for IGBC certification for a large residential project is relatively modest at around INR 3 lakh, but the infrastructure investment in solar panels, STPs, smart metering, and green landscaping adds a lot to the project’s overall costs. An IGBC Gold-certified 3BHK in a major Indian city costs anywhere between Rs. 10-20 lakh more than a similar unit in a project that doesn’t have such certification.

But the operational savings are equally significant, and, apart from the considerable bragging rights, Indian HNIs focus more on this aspect. A typical eco-luxury 3BHK unit saves the resident between Rs. 30,000 and Rs. 50,000 a year on utilities alone. This amount compounds significantly over a 10–15-year holding period. The extra cost at the start will pay for itself over time.

Returns on Investments and Appreciation

This is where the eco-luxury rationale becomes financially interesting for investors, because homes that are green-certified sell for anywhere between 10-20% more in the major Indian cities. IGBC-certified properties are increasing in value by 12–15% each year, while similar non-certified luxury units are only seeing 9–11% annual price growth. This 3–4 percentage point difference adds up handsomely over five to seven years.

Eco-luxury homes also rent out for 12–15% more than regular luxury homes, and they have vacancy rates of less than 5% (compared to more than 10% for regular premium housing). Rental yields in the luxury market are between 3.5% and 4%, which is better than the 2% to 2.5% that is common for mid-market homes. Eco-luxury generates an internal rate of return that is equal to or higher than that of traditional commercial real estate in many markets when combined with stronger appreciation.

The Eco-luxury Investment Case in Simple Terms

The eco-luxury buyer is not giving up anything by being friendly to the environment. They are getting an asset that is better for the environment, easier on their wallets and conscience, and worth a lot more on the resale and rental market. Green certification is quickly going from something that sets developers apart to something that is required for most projects. 

 
In a market where smart buyers can and do make the distinction, projects without it will have a harder time getting top-tier prices. The green building market in India is expected to reach USD 39 billion. That means it’s not just a niche anymore, but the new luxury normal.
 
Akash Pharande is Managing Director – Pharande Spaces, a leading real estate construction and development firm famous for its township projects in Greater Pune and beyond. Pharande Promoters & Builders, the flagship company of Pharande Spaces and an ISO 9001-2000 certified company, is a pioneer of townships in the region. With the recent inclusion of Puneville Commercial into one of its most iconic townships, Pharande Spaces taken a major step towards addressing Pune’s current and future requirements for fully integrated residential-commercial convenience

 

LankaPay, SLTDA and Alipay+ Join Hands to Drive Tourism Growth and Local QR Payment Adoption

Business Wire India

LankaPay, the Sri Lanka Tourism Development Authority (SLTDA) and Alipay+ have entered into a strategic collaboration to enhance Sri Lanka’s tourism appeal and drive international visitor arrivals, particularly from Asia and the wider Asia-Pacific (APAC) region.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260415521403/en/

 

 

LankaPay, the Sri Lanka Tourism Development Authority (SLTDA) and Alipay+ have entered into a strategic collaboration to enhance Sri Lanka’s tourism appeal and drive international visitor arrivals, particularly from Asia and the wider Asia-Pacific (APAC) region. The collaboration leverages the strength of the global ecosystem of Alipay+, Ant International’s unified wallet gateway, enabled locally through LankaPay, to position Sri Lanka as a preferred travel destination among international travellers.

LankaPay, the Sri Lanka Tourism Development Authority (SLTDA) and Alipay+ have entered into a strategic collaboration to enhance Sri Lanka’s tourism appeal and drive international visitor arrivals, particularly from Asia and the wider Asia-Pacific (APAC) region. The collaboration leverages the strength of the global ecosystem of Alipay+, Ant International’s unified wallet gateway, enabled locally through LankaPay, to position Sri Lanka as a preferred travel destination among international travellers.

 

The collaboration leverages the strength of the global ecosystem of Alipay+, Ant International’s unified wallet gateway, enabled locally through LankaPay, to position Sri Lanka as a preferred travel destination among international travellers. With over 40 international partners, including leading e-wallets and bank apps in the Asia Pacific region, reaching over 1.8 billion user accounts, Alipay+ will actively promote travel to Sri Lanka through targeted campaigns designed to attract high-value tourists.

 

As part of this initiative, Alipay+ partner users will benefit from exclusive offers and promotions when making purchases using LankaQR in Sri Lanka. These incentives are expected to positively influence travel decisions and increase tourist spending within the country, thereby contributing to improved tourism earnings.

 

 

In response to evolving global dynamics, the Sri Lanka Tourism Development Authority has placed increased emphasis on attracting tourists from key Asian and APAC markets. This collaboration aligns with SLTDA’s strategic focus, enabling greater visibility and accessibility for Sri Lanka among these priority segments.

 

 

This initiative marks the first phase of a broader partnership between LankaPay and SLTDA aimed at supporting the long-term development of Sri Lanka’s tourism industry. As one of LankaPay’s global partners, Alipay+ facilitates seamless cross-border QR payments, alongside AI-powered in-app marketing and travel services, enhancing convenience for international travellers while promoting digital payment adoption across the island, and positioning Sri Lanka as an innovative destination for digital-led tourism.

 

 

In addition to driving inbound tourism, the initiative is expected to support local economic growth by encouraging micro and small merchants to adopt cross-border QR payment acceptance via LankaQR, the country’s national QR payment network, enabling them to participate in the growing digital payments ecosystem and reach global customers more seamlessly.

 

 

The partnership contributes to the broader national agenda for digital payments adoption amongst businesses, particularly SMEs, as part of Sri Lanka’s efforts for digital transformation in the financial sector.

 

 

The Memorandum of Understanding (MoU) formalising this collaboration was recently signed between LankaPay and SLTDA at the SLTDA premises in Colombo.

 

 

Ant International is a leading global digital payment, digitisation and financial technology provider, and through collaboration across the private and public sectors, supports financial institutions and merchants of all sizes to achieve inclusive growth.

 

 

About LankaPay

 

 

LankaPay is Sri Lanka’s national payment network, operating under the Central Bank of Sri Lanka, and is responsible for the development and management of the country’s retail payment infrastructure.

 

 

About SLTDA

 

 

The Sri Lanka Tourism Development Authority is the government body responsible for the planning, development, and regulation of tourism in Sri Lanka.

 

 

About Alipay+

 

 

Ant International’s Alipay+ is a unified wallet gateway with cross-border payment and digitisation services that help connect global merchants to consumers. Consumers enjoy seamless payments, a broad choice of deals and the convenience of digital services using their preferred payment app/e-wallet while travelling abroad. Many small and medium-sized businesses already use Alipay+ digital tools to enhance efficiency and achieve omni-channel growth.