LankaPay, Sri Lanka’s national payment network launched ‘JustPay Web’ and ‘PayMe’, adding two new products to its portfolio.
The two solutions are expected to transform the way people transact, work and live, adding greater convenience to their day-today life.
PayMe is an innovative and secure messaging service that generates universal payment links, permitting customers to make convenient and secure payments in real-time via any PayMe-enabled mobile or web applications.
It facilitates corporate and peer-to-peer payments.
In Sri Lanka, there are over 400,000 merchants doing business via social media. However, many smalltime merchants find it challenging to afford an Internet Payment Gateway (IPG), due to substantial initial investment and exorbitant Merchant Commissions (MDR). JustPay Web is an alternative to IPG and is an extension of LankaPay’s payment product – JustPay launched in 2017.
JustPay Web permits customers to make direct payments via bank accounts on browser-based applications. With increased usability, accessibility, and security, the solution offers a seamless, convenient payment option for those who make purchases on e-commerce sites. For merchants, it’s a more affordable option with drastically low initial cost and MDR.
Channa de Silva, of LankaPay shared statistics of Sri Lanka’s digital transformation journey prior to a detailed presentation on the two solutions.
Seylan Bank, Capital Alliance Limited and Bhasha Lanka (Pvt) Limited were recognised during the ceremony for their pioneering efforts towards enabling payments via JustPay Web while Pay Master Solutions (Pvt) Limited and DirectPay (Pvt) Limited were recognised for their contribution towards enabling payments via PayMe.
