WEBXPAY, Sri Lanka’s leading online payment gateway solution provider, has entered
into a partnership with Visa to expand the scope of the country’s digital economy by
enabling seamless, effortless, and sustainable digital payment acceptance solutions for
small and medium businesses (SMBs) across the island. This collaboration provides
WEBXPAY a boost to faster achieve its goal of empowering SMBs island-wide with
face-to-face digital payment acceptance capability; offering them access to Visa
cardholders across the globe. This in turn will increase scalability for the small business
sector and consequently aid its recovery.
WEBXPAY, now a part of the Visa Acceptance Fast Track Program for Asia Pacific,
hopes to widen its net of financial inclusion by enabling digital payment acceptance to
10,000 new-to-digital Sri Lankan SMBs by 2025; aiming for a Gross Merchant Volume
(GMV) of LKR 10 billion by 2025 to elevate the country’s digital economy. This will help
increase contactless payments acceptance through soft POS, enable tap to phone
payments with soft POS technology and bring about low-cost face to face transaction
acceptance. In a post COVID-19 economy, this will also help merchants rebuild and
increase sales to more consumers and improve customer loyalty; all while offering their
shoppers a friction-free digital payment experience at checkout.
Avanthi Colombage, Country Manager – Sri Lanka and Maldives, Visa said, “Small
businesses have always been keen to adopt technology to further their business and
most times, only need enablers to accelerate this. Through the Visa Acceptance Fast
Track Program, we are excited to partner with WEBXPAY and play a role in helping
thousands of small businesses across Sri Lanka go digital. With Visa’s solutions and
best practices and WEBXPAY’s superior payment gateway solutions, small businesses
can now accept contactless payments and enable tap to phone for merchants quicker
and in a secure manner, in their path to recovery.”
“We appreciate the support extended by Visa to help expand our products and social
goals in reaching out to the SMBs in Sri Lanka,” commented Founder of WEBXPAY,
Omar Sahib, on the collaboration. “Through this partnership we are further extending
our ability to offer fast, convenient and frictionless payments processing in the hope that
we contribute towards greater expansion of the local digital payments’ ecosystem, and
in turn play a transformative role in the growth of the digital economy of Sri Lanka.”
Already trusted by over 2000 businesses island-wide, WEBXPAY’s integrated platform
allows merchants to set up their online business within just 3 business days. With
affordable solutions for every business size, merchants get in return the guarantee of a secure, cost-effective, and comprehensive digital payment solution with endless
payment options in one platform that will bring ease and mobility to their business.
More recently WEBXPAY inked a partnership the Australian Government’s Department
of foreign affairs and Trade (DFAT) in a bid to revitalise COVID-19 hit rural economies
by significantly expanding access to digital payments to empower SMB’s across the
Island to be a part of the digital revolution.
Ever since its launch as Sri Lanka’s first online payment aggregator in 2015, from
humble beginnings WEBXPAY has grown to become the country’s most trusted
payment gateway solutions provider with the largest number of payment options for its
growing portfolio of small and large businesses. With a vision to grow the digital
economy of Sri Lanka by introducing a visionary platform of comprehensive and
centralized payment capabilities, WEBXPAY remains focused on its goal of enabling
ease of digital transaction for SMBs across the country. This year the company is
looking at expanding its value proposition even further by introducing Point of Sales
(POS) solutions for merchants to accept both online and offline payments in one
platform.
