New Sri Lanka e-commerce platform targets small business

ECONOMYNEXT – Commercial Bank said it has partnered with WEBXPAY, an online e-commerce platform for small and medium enterprises to enable transactions in Sri Lankan rupees and US dollars through credit and debit cards, mobile wallets and internet banking networks.

The bank will provide an online sales channel to merchants in Sri Lanka through WEBXPAY, a statement said.

“WEBXPAY helps manage buying and selling of products and services through any device, and is on a mission to enable micro, small, medium and large businesses all over Sri Lanka to sell their products online.”

Commercial Bank’s Deputy General Manager Marketing Hasrath Munasinghe said the bank has a deep-rooted engagement with the SME sector in Sri Lanka.

“We are committed to the success of every enterprise we support, and believe that an online presence can provide invaluable incremental sales for our customers.”

Nazeem Mohamed, Founder and Director of WEBXPAY said the firm provides SMEs 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.”

WEBXPAY currently has over 700 merchants using its platform.
(COLOMBO, October 6, 2017)

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