WEBXPAY partners HNB Custody to uplift MSMEs onto eCommerce platform

WEBXPAY, the preferred local website builder and market leader in the payment gateway space in Sri Lanka, welcomed Hatton National Bank onboard its payment platform recently, after the leading bank signed up for WEBXPAY’s Merchant Payments and Settlement Custody solution. 

A FINTECH startup launched in May 2016, WEBXPAY has grown within a short time to embody trust and reliability for leading banks and financial institutions, who have confidence in its secure solutions. WEBXPAY lays a special emphasis on uplifting the micro, small & medium enterprise (MSME) sector in Sri Lanka, empowering them to enter into the sphere of e-commerce at affordable cost and without facing erstwhile barriers. In addition, WEBXPAY is the only total e-commerce solution provider in Sri Lanka. As Sri Lanka’s preferred online shop builder, WEBXPAY’s solutions lead the technologies used for e-commerce solutions by companies in Sri Lanka. It holds the distinction of being the only company in Sri Lanka to provide both payment gateway and website building solutions. 

WEBXPAY’s trusted and secure solutions are driving financial inclusion, inclusive growth, and access to finance and markets. Commenting on the partnership, WEBXPAY Founder & CEO Omar Sahib said: “Our partnership with HNB is a watershed development in our journey to bring e-commerce within easy reach of MSMEs. The MSME sector is the backbone of Sri Lanka’s economy and the key to economic future. We believe that our cost-effective solutions will encourage more businesses from the MSME sector to take advantage of the e-commerce revolution. Our aim is to help the sector graduate to a cashless payment eco-system. We are a serious and committed player in the fintech space and will focus on bringing such transformative solutions to the market, while leveraging on the highest governance and security frameworks we have in place in accordance with the financial regulator.”

Accessing a payment gateway is a pipe dream for many MSMEs due to the cost and other factors, however, WEBXPAY offers MSMEs easy access with ready-to-use web templates that enable them to create online stores without the requirement of any technical knowledge. The platform’s easy-to-use features, such as the online store, online payment management system, and shipping and logistics solutions, free time for merchants to focus on product development and marketing, which will lead to a successful e-commerce business.

Tyrone Hannan, Head of HNB’s Custody and Trustee Services said, “We are pleased to partner WEBXPAY and leverage on its Merchant Payments and Settlement Custody solution to further empower the MSME sector. Hatton National Bank has been a ‘partner in progress’ of the MSME sector for decades, and we are continually exploring channels by which this sector can achieve its true potential. We see immense possibilities for WEBXPAY’s platform to empower our MSME customers in a financially and technologically inclusive manner.”

WEBXPAY makes it easy for merchants to sell products, increase overall sales and create brand awareness across multiple marketplaces and social platforms by providing all the leading payment options. The company has already empowered over 1000 businesses, both small to large, with its payment gateway and website building solutions. WEBXPAY’s solutions extend to creating basic websites or applications, complete e-commerce solutions including a payment gateway, to email-based online payments. WEBXPAY’s merchant portfolio includes merchants in various parts of Sri Lanka. WEBXPAY is the only total e-commerce solution provider in Sri Lanka.