PayHere

While many countries were moving towards an era of eCommerce and digital payments, this critical payment barrier left Sri Lanka far behind. The local businesses were waiting on false promises of foreign payment solutions, which never got delivered. At such a time, a proven Sri Lankan Entrepreneur took the first step to challenge the Status Quo & paved the way for digital payments. As a result PayH

ere was born in 2016 bringing new hopes to fill the Online Payments Gap. Even though it solved the problem technically, PayHere had to hold its services due to legal barriers in 2017. Never seeing giving up as an option, PayHere partnered with many parties to battle against the barriers. Sampath Bank PLC partnered as the Licensed Financial Acquirer & joined the battle with its wholehearted support in bringing PayHere back for the greater good. Nation Trust Bank, Dialog Axiata, Mobitel Sri Lanka also joined hands in this payment revolution. As a result, PayHere was able to obtain Central Bank Approval as a non-Bank Online Payment Service Provider, the first of its kind in Sri Lanka. Eventually, with the perseverance of its founder & the great support of its partners & team, PayHere was reborn as Sri Lanka’s 1st & only aggregated Online Payment Platform in the March of 2018. Since then PayHere introduced many breakthrough payment innovations & simplified solutions to make Online payments accessible, affordable & reliable for any kind of local business. An Online signup process was introduced to quickly give access to the service with no paperwork. An innovative pricing model was presented to ensure the affordability to startups while offering greater value additions to others. Collaborating with all major payment brands in the country, PayHere exclusively offered a unified payment gateway facility that is capable of processing all payment brands. Seamless integrations with plug & play eCommerce Plugins, mobile SDKs for all mobile platforms & exclusive API support for Subscriptions & Automated charging were also introduced to ease up the lives of local merchants & their developers. Not only that, deeply identifying the gaps in Online payment adoption in the country, PayHere also offered a seamless online shopping experience for consumers, enabling them to pay within the Merchant websites & mobile apps in a much simpler, faster & user friendly way that led to generating higher sales conversions for businesses. Just 3 years after its inception,Today, PayHere is empowering more than 2500 local businesses in different levels, from startups to top brands, processing over 2 Billion Rupees of Online payments for them. Fueled with passion & innovation as a truly Sri Lankan payments brand, PayHere is proudly continuing its journey to push Sri Lanka forward through working towards its prosocial vision, “To Digitize Payments of Every Sri Lankan Business”.