Visa opens office in Sri Lanka as business expands

ECONOMYNEXT – Visa, a global payments company, said it had opened an office in Sri Lanka amid the expansion of business in the country.

"Sri Lanka is a priority market for Visa in South Asia and one where we see tremendous opportunity for the growth of electronic payments," T.R. Ramachandran, Group country manager for India and South Asia for Visa, said.

"By establishing a local office and appointing an in-market country manager, we’ll be better positioned to support our clients, partners and merchants to realise this growth and deliver the benefits of electronic payments to consumers and businesses across the country."

Visa credit cards are already issued by several banks in Sri Lanka, and banks also offer automated teller machine cards with visa debit facilities.

"In my role, I’m going to be focused on growing the electronification of commerce as we transition cash payments to electronic payments across the country," Anthony Watson, Visa country manager for Sri Lanka, said.

"In doing so, we will be providing Sri Lankan people with easier and more secure access to their funds, supporting local businesses to grow, encouraging tourism and helping to stimulate economic growth."

Visa entered Sri Lanka in 1989. (Colombo/Sept04/2016)

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