Business
WEBXPAY partners with Visa to expand scope of digital payments in Sri Lanka
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, a company news release said last week.
“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,” it said.
“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,” the release added.
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, the release claimed.
“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.” it said.
The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) proudly facilitated the first-ever Sri Lankan delegation’s participation at Drupa 2024, the world’s largest trade fair for the printing industry and technology. Held after an eight-year hiatus, Drupa 2024 was a landmark event, marking significant advancements and opportunities in the global printing industry.
AHK Sri Lanka played a pivotal role in organising and supporting the delegation, which comprised 17 members from the Sri Lanka Association for Printers (SLAP), representing eight companies from the commercial, newspaper, stationery printing, and packaging industries. This pioneering effort by AHK Sri Lanka not only showcased the diverse capabilities of Sri Lanka’s printing sector but also facilitated vital bilateral discussions with key stakeholders from the German printing industry.
Business
Unveiling Ayugiri: Browns Hotels & Resorts sets the stage for a new era in luxury Ayurveda Wellness
In a captivating reimagining of luxury wellness tourism, Browns Hotels & Resorts proudly unveiled the exquisite Ayugiri Ayurveda Wellness Resort Sigiriya. This momentous occasion, celebrated amidst a vibrant and serene grand opening on the 6th of June, heralds a new chapter in the Ayurveda wellness tourism landscape in Sri Lanka. Nestled amidst 54 acres of unspoiled natural splendour, Ayugiri features 22 exclusive suites and stands out as the only luxury Ayurveda wellness resort in the country offering plunge pools in every room, rendering it truly one-of-a-kind.
The grand opening of Ayugiri Ayurveda Wellness Resort was an enchanting event, where guests were captivated by the melodies of flutists and violinists resonating through Sigiriya’s lush landscapes. As traditional drummers and dancers infused the air with vibrant energy, Browns Hotels & Resorts’ CEO, Eksath Wijeratne, Kotaro Katsuki, Acting Ambassador for the Embassy of Japan and General Manager, Buwaneka Bandara, unveiled the resort’s new logo, marking a significant moment witnessed by distinguished guests from the French Embassy, Ayurveda and wellness enthusiasts along with officials from the Sigiriya area, LOLC Holdings and Browns Group.
“Our strategic expansion into wellness tourism with Ayugiri Ayurveda Wellness Resort Sigiriya symbolises a significant milestone for Browns Hotels & Resorts. Wellness tourism has consistently outperformed the overall tourism industry for over a decade, reflecting a growing global interest in travel that goes beyond leisure to offer rejuvenation and holistic well-being. By integrating the timeless wisdom of Ayurveda with modern luxury, we aim to set a new standard in luxury wellness tourism in Sri Lanka. Whether your goal is prevention, healing, or a deeper connection to inner harmony, Ayugiri offers a sanctuary for holistic well-being” stated Eksath Wijeratne.
Ayugiri encapsulates the essence of life, inspired by the lotus flower held by the graceful queens of the infamous Sigiriya frescoes. Just as the lotus emerges from the murky depths, untainted and serene,
Ayugiri invites guests on a journey of purity and rejuvenation, harmonised with a balance of mind, body and spirit, the essence of nature, echoes of culture and the wisdom of ancient Ayurvedic healing.
HNB General Insurance, one of Sri Lanka’s leading general insurance providers, has been honored as the Best General Bancassurance Provider in Sri Lanka 2024 by the prestigious Global Banking and Finance Review – UK.
The esteemed accolade underscores HNB General Insurance’s unwavering commitment to excellence and its outstanding performance in the field of bancassurance. Through dedication and hard work, the HNB General Insurance team has continuously endeavored to deliver innovative insurance solutions, cultivate strong relationships with banking partners, and provide unparalleled service to customers nationwide. This recognition is a testament to the team’s dedication and relentless pursuit of excellence in the bancassurance business.
“We are honored to receive this prestigious award, which reflects our team’s tireless efforts and dedication to delivering value-added insurance solutions and exceptional service through our bancassurance partnerships,” said Sithumina Jayasundara, CEO of HNB General Insurance. “This recognition reaffirms our position as a trusted insurance provider in Sri Lanka and motivates us to continue striving for excellence in serving our customers and communities.”
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