Payable surpasses Rs. 100 b in transactions, empowering Sri Lankan merchants to thrive

Co-founder Yohan Wijesiriwardane

Non-Executive Chairman and Co-founder  Ranjendra Theagarajah

Payable, Sri Lanka’s leading digital payment acceptance platform, proudly celebrates a landmark achievement — crossing Rs. 100 billion in transactions. More than just a milestone, this success reflects the profound impact Payable has had on empowering businesses across the country, helping them embrace digital payments, increase revenue, and secure their financial future. 

Since its inception, Payable has been at the forefront of transforming the way Sri Lankan businesses transact. From a single merchant to a thriving network of 40,000, Payable has provided thousands of small businesses, entrepreneurs, and enterprises with the tools they need to compete in an increasingly digital economy. At the heart of this success is the vision of co-founders, the late Sujith Subasinghe and Yohan Wijesiriwardane, whose mission was to make digital payments accessible, affordable, and beneficial for merchants of all sizes. Their commitment to financial inclusion and business empowerment has driven Payable’s journey from an ambitious startup to the nation’s largest non-bank digital payment provider. 

Commenting on this milestone, Payable Non-Executive Chairman and Co-founder Ranjendra Theagarajah said, “Payable is more than just a payment platform — it is a growth enabler for merchants. Whether it’s a small vendor expanding their customer base or an entrepreneur scaling their business, Payable has provided the technology, support, and accessibility to help businesses increase their income and financial stability. By removing barriers to digital payments, Payable has allowed merchants — many of whom previously relied only on cash — to unlock new revenue opportunities, attract more customers, and future-proof their businesses. Merchants who adopted Payable saw an increase in transactions as cashless payments became the preferred choice for customers.” 

The younger generation, in particular, has embraced digital payments, giving merchants access to a growing and tech-savvy customer base. The platform’s seamless and secure transactions have built trust and confidence among merchants and their customers. Payable’s impact extends beyond just transactions. Recognising that many business owners need guidance in their digital journey, Payable has invested in round the clock customer support, expert-led solutions, and on-ground assistance to ensure merchants are never alone in their transition to digital payments.

“Before Payable, these merchants stood on the sidelines of the digital economy, unable to access digital payments. But everything changed when they were empowered with the right tools. We didn’t just improve their businesses; we helped transform their lives. Generating an additional Rs. 100 billion in sales is not just a financial milestone — it’s a symbol of countless dreams reignited. Watching these merchants grow, thrive, and take their businesses to new heights is the true measure of Payable’s success. This Rs. 100 billion represents more than revenue; its hope, ambition, and the promise of a better future for thousands of entrepreneurs,” shared Payable Co-founder Yohan Wijesiriwardane.

Payable’s journey of empowerment has been strengthened by its strategic partnerships with Sri Lanka’s leading banks, including Commercial Bank, Hatton National Bank, Bank of Ceylon, People’s Bank, Seylan Bank, Sampath Bank, and Nations Trust Bank. These collaborations have helped merchants access seamless payment solutions that integrate directly with Sri Lanka’s financial ecosystem. 

Mastercard Country Manager, Sri Lanka and Maldives Sandun Hapugoda said, “Payable’s milestone achievement coincides with Sri Lanka’s decade of innovation in digital payments. Mastercard is delighted to have Payable as a valued partner. The two entities share a common vision and commitment to promote cashless transactions among enterprises and communities to strengthen the country’s digital economy.” 

Reflecting on this milestone, Visa Country Manager Avanthi Colombage expressed, “I am delighted to congratulate Payable on achieving the incredible milestone of processing over Rs. 100 billion transactions. This is a proud moment for us at Visa as their partners. It is a testament to Payable’s focus on innovation and collaboration and their vital role in the digitisation of Sri Lanka. Payable has fuelled dreams and ambitions for numerous businesses and individuals and we look forward to continuing supporting in its future endeavours to pave the way together towards a more connected, digital Sri Lanka.” 

Payable remains dedicated to empowering merchants and businesses of all sizes, ensuring that they not only survive but thrive in an evolving digital economy. It’s user-friendly, secure, and accessible platform continues to be a trusted partner for SMEs, entrepreneurs, and enterprises, equipping them with the tools they need for long-term success. For businesses looking to join Sri Lanka’s digital revolution, Payable’s dedicated customer support team is always ready to assist at +94 11 777 6 777. As Payable celebrates this historic milestone, it reaffirms its commitment to merchant empowerment, business growth, and a stronger, cashless Sri Lanka.