Pomelo Pay and Dialog Axiata digitalise payments for SMEs in Sri Lanka

Thursday 9 June 2022 09:48 CET | News

UK-based digital payments company Pomelo Pay has partnered connectivity provider Dialog Axiata to provide a digital payment platform for SMEs in Sri Lanka.

The partnership is in line with Pomelo’s plans to expand its global presence in Asia and Europe and will consolidate about 80,000 SME merchants across Dialog’s multiple platforms, including ezCash into a common payment platform Genie. These merchants will be able to send and receive payments securely and seamlessly via QR codes and track all their transactions within the same payment interface via their mobile or online. 

This programme to augment SMEs underpins Dialog’s aim to promote financial inclusion for over 1 million businesses in Sri Lanka. SMEs in Sri Lanka are the backbone of the economy and account for more than 75% of the total number of enterprises attributing to 45% employment and 52% of the country’s gross domestic production, according to the press release.

Pomelo’s payment platform will integrate with the national LANKAQR standard which will allow Dialog to offer its merchants digital payment methods to opt for over traditional Point-of-Sales (POS) terminals which requires them to commit to recurring fees. The country is home to 88,871 POS terminals currently in use at the end of the third quarter of 2021.

This shift in payment method will eventually allow merchants to become ecommerce ready, digitalise, and offer more payment options, including LANKAQR, to their customers, says Pomelo Pay.

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Keywords: Pomelo Pay, digitalisation, digital payments, online payments, mobile payments, partnership
Categories: Payments & Commerce
Companies: Dialog Axiata, Pomelo Pay
Countries: Sri Lanka
This article is part of category

Payments & Commerce

Dialog Axiata


Pomelo Pay

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