Webxpay

What Webxpay does

Webxpay (legal entity: WEBXPAY (Pvt) Ltd.) is a Sri Lankan fintech company founded in 2015 in Colombo, operating a unified digital payment ecosystem for online and in-store commerce. Its two flagship products are XGATEWAY, an online payment gateway accepting credit and debit cards (Visa, Mastercard, Amex, UnionPay, Diners, Discover), local mobile wallets (FriMi, eZ Cash, mCash, JustPay), and direct bank transfers with multi-currency and tokenization support; and XPOS, a point-of-sale terminal combining contactless card acceptance, QR-based payments (LankaQR, UPI, Alipay+), and T+1 settlement. Around these, the company sells modular add-ons: XSPLIT for credit-card-based installments, XQR for QR interoperability, XCOLLECTOR for field collections, XSUPPLIER for B2B supply-chain finance, and XPAYLINK for shareable payment links, plus a consumer super app called XSETRA and a dedicated government payments portal called GovPay. Technology is delivered through an API-first architecture with SDKs and plugins for Shopify, WooCommerce, Magento, OpenCart, PrestaShop, and WHMCS, with claimed ISO 27001 and PCI DSS compliance and security infrastructure sourced via partner banks and global platforms including MPGS and CyberSource.

The business model is predominantly transaction-based, with disclosed card and wallet processing rates ranging from approximately 1.00% (UnionPay) to 6.00% (UPI), supplemented by tiered annual subscriptions (Starter, Economy, Business) priced in Sri Lankan Rupees (Rs.10,000 to Rs.107,880), one-off multi-currency activation fees, and POS hardware-related charges. The customer base spans SMEs, larger enterprises (named logos include Allianz Lanka, Dilmah, Amanté, Spring and Summer, Elephant, Anim8, Thilakawardana, Esthara, Envoy), consumers via XSETRA, and government agencies via GovPay. Go-to-market mixes self-serve merchant onboarding with enterprise direct sales and an API/developer distribution motion. The company employs 11-50 people, reports no disclosed revenue or external institutional funding, and is led by Founder & CEO Omar Sahib, Executive Chairman Thilak Piyadigama, and Non-Executive Director Thassim.

Name

Webxpay

Legal name

WEBXPAY (Pvt) Ltd.

Website

https://webxpay.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Webxpay is a Sri Lanka-based fintech that operates a unified online and in-store payment gateway (XGATEWAY, XPOS) with installments, QR, supply-chain finance, and government payments, serving SMEs, enterprises, consumers, and government agencies locally and abroad.

Ownership category

akta.pro rank

Product category

Payment Processing and Financial Technology

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Nondepository Credit Intermediation (5222)

SIC

Finance Services (6199)

akta.pro primary industry

Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA)

akta.pro secondary industries

Cross-Border & FX Payments Platforms (BPAMAFAK), Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE), Payment Gateways & Orchestration (BPAMAFAA), Cross-border Payments, FX & Multi-currency Checkout (CRAFAJAF)

Keywords

• Online payment gateway
• Point of sale systems
• Installment payment processing
• QR payment solutions
• Multi-currency payment processing

Headquarters

HQ city

Colombo

HQ country

Sri Lanka

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations, Supply Chain

Revenue model

1. Payment Processing Fees: Transaction-based fees charged on card and wallet payments. Rates vary by card type (Visa/MasterCard 3.50%, Google Pay 3.99%, UnionPay 1.00%, Amex 1.80%, Diners 2.65%) and wallet type (LankaQR 2.50%, UPI 6.00%, Alipay+ 2.90%, FriMi/eZ Cash/mCash 3.75%).
2. Subscription Packages: Tiered subscription model with Starter, Economy, and Business packages for XGATEWAY and XPOS. Subscription fees range from Rs.10,000 for 12 months (Starter) to Rs.107,880 for 12 months (Business), with varying monthly payment limits and features.
3. Installment Processing (XSPLIT): Revenue from installment plan facilitation with minimum transaction value of Rs.10,000. Rates vary by bank and tenor (e.g., Union Bank 3-month 6.50% to 60-month 7%).
4. Multi-Currency Activation: One-off activation fee of Rs.5,000 for USD/GBP currency processing. Additional 4.85% processing rate for multi-currency transactions.
5. POS Hardware and Services: XPOS transaction rates (Visa/MC 3.00%, UnionPay 2.75%, Amex 2.45%, DCC 3.70%). Slip-print terminals available for Rs.3,500 monthly fee if volumes below Rs.350,000.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Webxpay operates a unified digital payment platform that enables Sri Lankan and global businesses to accept card, mobile wallet, QR, and bank transfer payments online (via XGATEWAY) and in-store (via XPOS), with multi-currency processing, T+1 settlements, installment/BNPL (XSPLIT), supply chain financing (XSUPPLIER), field collections (XCOLLECTOR), and shareable payment links (XPAYLINK). A consumer-facing super app (XSETRA) bundles bill payments and P2P transfers, while a dedicated GovPay portal serves Sri Lankan government agencies for fee and fine collection.

Product overview

WEBXPAY is a Sri Lankan fintech company founded in 2015 offering a unified digital payment ecosystem with two flagship core products: XGATEWAY (online payment gateway) and XPOS (in-store point-of-sale). These are complemented by standalone modules including XSPLIT (instalment/BNPL payments), XQR (QR payments), XSUPPLIER (supply chain finance), XCOLLECTOR (field collections), and XPAYLINK (payment links). The consumer-facing XSETRA app bundles bill payments, P2P transfers, and QR acceptance. Additional services include Bill Payments, Fund Transfer, and GovPay for government collections. The platform supports 8+ local bank partnerships, global card networks (Visa, Mastercard, Amex, UnionPay, Diners, Discover), mobile wallets (FriMi, eZ Cash, mCash), and QR standards (LankaQR, UPI, Alipay+), with ISO 27001 and PCI DSS compliance.

Differentiator

Problem solved

Functional benefit

Brands

• XGATEWAY: WEBXPAY's all-encompassing online payment platform for accepting credit/debit cards, mobile wallets, and direct bank transfers with multi-currency support.
• XPOS
• XSPLIT
• XQR
• XSUPPLIER
• XSETRA
• XPAYLINK
• XCOLLECTOR

Products and services

• XGATEWAY All-encompassing online payment platform that enables merchants to accept credit/debit cards, mobile wallets (FriMi, eZ Cash, mCash, JustPay), and direct bank transfers with multi-currency support for local and cross-border e-commerce transactions, including tokenization for recurring payments.
• XPOS Point-of-sale system for in-store environments combining contactless card acceptance, QR-based payments (LankaQR, UPI, Alipay+), XSPLIT installment compatibility, real-time sync, and T+1 settlements on a single paperless device with ISO 27001 and PCI DSS security.
• XSPLIT Credit card-based installment (BNPL) solution that enables businesses to offer flexible payment plans on high-value purchases, with tenor options from 3 to 60 months across multiple partner banks (Union Bank, NDB, Commercial Bank, DFCC, Seylan, NTB, HNB).
• XQR QR payment solution that bridges LankaQR, UPI, and Alipay+ standards, enabling corporates, SMEs, and micro-merchants to accept seamless local and international QR-based payments.
• XCOLLECTOR Field agent payment collection solution that enables door-to-door payment acceptance with real-time tracking and reconciliation for remote or on-site collection scenarios.
• XSUPPLIER B2B supply chain financing platform that extends 50–80 day credit lines to buyers while guaranteeing instant payouts for suppliers, optimizing working capital across the supply chain.
• XPAYLINK Shareable payment link solution that lets merchants and agencies accept remote or spontaneous transactions via social media, email invoicing, or government fee collections without requiring a full e-commerce site.
• XSETRA Consumer-facing lifestyle super app that bundles bill payments, peer-to-peer transfers, QR acceptance, personal finance analytics, and referral rewards for end consumers.
• GovPay Government payment portal that enables citizens to pay fees, fines, and charges to Sri Lankan government departments, ministries, municipal councils, and divisional secretariats through a unified digital channel.
• Bill Payments Consumer-facing bill payment service that supports mobile reloads, tipping, mobile bills, utility payments (electricity, water), and other bills including insurance, finance, and loan repayments.
• Fund Transfer Direct money transfer service that allows users to transfer funds to any bank account and to request payments from others.
• Merchant Portal Online merchant dashboard for transaction management, reconciliation, refund processing, chargeback handling, and integration configuration, available to all XGATEWAY and XPOS merchants.

Quantifiable outcome

• T+1 next-day settlement for local transactions, T+2 for foreign currency
• +2 more outcomes

Named customers9 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration29 records

AI capability4 records

Feature10 records

Partnerships

Nine partnerships are on record, tiered core.

• Allianz LankacoreStrategic or Co-development Partner · 8 April 2026Strategic partnership to deliver comprehensive digital payment solution for insurance customers covering Google Pay, QR code scanning, Tap & Pay, split payments, installment plans, and bank transfers through insurance agents. Positions Allianz Lanka agents as digital-first professionals capable of facilitating secure card-based and QR-based digital payments on-site.
• Hatton National Bank (HNB)coreTechnology or Integration · 1 January 2025HNB partners with WEBXPAY to enhance digital payment solutions, enabling seamless, secure transactions for merchants and customers. Partnership provides EMI gateway options and card processing through HNB.
• Mastercard and Seylan BankcoreTechnology or Integration · 1 January 2024Collaboration enabling Google Pay for online payments on WEBXPAY platform, allowing millions of Google Pay users worldwide to make payments through the platform.
• Local Sri Lankan BankscoreTechnology or Integration8+ local bank partnerships enabling comprehensive payment processing including Commercial Bank, Nations Trust Bank, Hatton National Bank, DFCC Bank, Seylan Bank, Sampath Bank, Cargills Bank, and others through various gateway IDs.
• MPGS (Mastercard Payment Gateway Services)coreTechnology or IntegrationPartnership with Mastercard Payment Gateway Services for enterprise-grade card processing, fraud detection, and secure payment infrastructure.
• eZ Cash, mCash, FriMi Mobile WalletscoreTechnology or IntegrationIntegration with major Sri Lankan mobile wallet providers enabling real-time mobile payments and wallet-based transactions.
• LankaQRcoreTechnology or IntegrationLankaQR integration enabling standardized QR code payments across Sri Lanka's banking ecosystem.
• UPI and Alipay+coreTechnology or IntegrationIntegration with India's UPI and Ant Group's Alipay+ for cross-border QR payment acceptance.
• E-commerce Platforms (Shopify, WooCommerce, etc.)coreTechnology or IntegrationOfficial plugins and integrations with major e-commerce platforms including Shopify, WooCommerce, Magento, OpenCart, Prestashop, and WHMCS.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• PayHere: Sri Lankan payment gateway that lets local merchants accept cards and mobile payments via hosted checkout and APIs. Most direct domestic competitor to Webxpay's XGATEWAY, serving the same Sri Lankan SME e-commerce segment.
• PayCorp: Sri Lankan payment processor owned by DFCC Bank, offering card acquiring, gateway, and POS services to local merchants. Directly comparable to Webxpay on bank-backed processing infrastructure and merchant services.
• Genie (by Dialog): Sri Lankan mobile payment and merchant acceptance platform operated by Dialog Axiata. Comparable as a domestic payments acceptance network targeting merchants and consumers across Sri Lanka.
• Sampath Vishwa: Sampath Bank's digital payment platform providing online payment gateway, card acceptance, and QR-based merchant services. Directly overlaps with Webxpay's XGATEWAY and XQR offerings in the Sri Lankan market.

Emerging players

• FriMi: Sri Lankan mobile wallet and payment app backed by HNB and NTB. Comparable to Webxpay's XSETRA and wallet-acceptance capabilities, though focused more on consumer wallet than merchant gateway.
• eZ Cash: Dialog Axiata-operated mobile wallet used for P2P transfers, bill payments, and merchant payments in Sri Lanka. Comparable to Webxpay's consumer-facing bill-payment and wallet-acceptance flows.

Regional players

• iPay88: Malaysia-headquartered payment gateway operating across Southeast Asia with multi-currency card and alternative payment acceptance. Comparable to Webxpay's cross-border gateway ambitions and developer-first API approach.

Broad incumbents

• 2C2P: Southeast Asian payment platform offering gateway, acquiring, and alternative payment orchestration across multiple markets. Comparable as a broader regional incumbent competing for the same multi-country, multi-currency merchant relationships Webxpay targets.
• Razorpay: India-based full-stack payment gateway and fintech infrastructure provider with API-first onboarding, multiple payment methods, and developer tooling. Comparable to Webxpay on the gateway-plus-add-on-modules model, though operating at much larger scale.
• Stripe: Global payment infrastructure platform serving internet businesses with developer-first APIs, multi-currency processing, and fraud tooling. Comparable on the API gateway and international card acceptance layer that Webxpay's XGATEWAY addresses.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@webxpay
• Facebookfacebook.com/webxpay
• LinkedInlinkedin.com/company/webxpay
• Instagraminstagram.com/webxpay/?hl=en
• TikToktiktok.com/@webxpay
• Xx.com/webxpay

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Webxpay