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PayHere processed Rs.1bn online payments for local businesses

PayHere, a locally built online payment gateway has passed processing Rs. 1 billion of online payments for Sri Lankan businesses.

Meanwhile, speaking exclusively to Ada Derana Biz, PayHere, founder/ CEO Dhanika Perera expressed the following:

“We started PayHere to challenge the status quo of Online Payments Landscape in Sri Lanka with a home-grown innovative Payment Gateway solution, as an alternative for long-awaited PayPal, making Online Payments accessible and affordable for all kinds of local businesses."

"Our vision has always been to empower every Sri Lankan Business with Online Payments, in order to push our country towards a productive Digital Economy. We are truly happy to witness this Great Milestone in our journey towards that vision, despite all the barriers and challenges we passed," he said.

“While we're humbly proud to empower nearly 2000 local businesses with Online Payments Acceptance within just about two years, we're very much honoured to facilitate them to contribute over Rs. 1 Billion to the GDP of Sri Lanka, positively impacting our country’s national economy,” he added.

Speaking further he also expressed the following;

"As a country, Sri Lanka was lacking a proper solution for online payments for decades. 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 PayHere was born in 2016 bringing new hopes to fill the Online Payments Gap."