Webxpay
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.
- Company typePrivate
- Founded2015
- HeadquartersColombo, Sri Lanka
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
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.
Webxpay firmographics
Firmographics- 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
Webxpay industry classification
Industry- 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
Where Webxpay is headquartered
LocationHeadquarters
- HQ city
- Colombo
- HQ country
- Sri Lanka
- HQ region
- Asia
Offices2 records
Markets served
Webxpay business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations, Supply Chain
Revenue model
- 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%).
- 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.
- 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%).
- 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.
- 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
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Starter tier for small businesses with no monthly volume commitment |
| Subscription | Multi-year contract | Economy tier for businesses processing Rs.10m-25m/month |
| Subscription | Multi-year contract | Business tier for high-volume merchants processing >Rs.25m/month |
| Transaction based/ take rate | Pay-as-you-go | Card and wallet processing rates |
| Transaction based/ take rate | Pay-as-you-go | XPOS transaction rates |
| Transaction based/ take rate | Pay-as-you-go | Multi-currency processing |
| Transaction based/ take rate | Pay-as-you-go | XSPLIT EMI rates by bank |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels6 records
Webxpay product offering
Product offeringCore 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
Companies that use Webxpay
Customer profileNamed customers9 records
Segments6 records
Ideal customer profiles5 records
Webxpay technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration29 records
AI capability4 records
Feature10 records
Webxpay partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core.
- Allianz LankacoreStrategic 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)coreHNB 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 BankcoreCollaboration 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 Bankscore8+ 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)corePartnership with Mastercard Payment Gateway Services for enterprise-grade card processing, fraud detection, and secure payment infrastructure.
- eZ Cash, mCash, FriMi Mobile WalletscoreIntegration with major Sri Lankan mobile wallet providers enabling real-time mobile payments and wallet-based transactions.
- LankaQRcoreLankaQR integration enabling standardized QR code payments across Sri Lanka's banking ecosystem.
- UPI and Alipay+coreIntegration with India's UPI and Ant Group's Alipay+ for cross-border QR payment acceptance.
- E-commerce Platforms (Shopify, WooCommerce, etc.)coreOfficial 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
Webxpay competitors and assessment
Company assessmentDirect 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
Webxpay social profiles
Digital presenceWebxpay compliance and trust
Trust signalCompliance2 records
Webxpay financial estimates
Financial estimateRevenue estimate
Valuation estimate
Webxpay leadership team
Management profileNumber of profiles
Profiles3 records
Webxpay funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Webxpay M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Webxpay
What does Webxpay do?
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.
Is Webxpay a public or private company?
Webxpay is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Webxpay founded?
Webxpay was founded in 2015. It employs 11 to 50 people.
Where is Webxpay based?
Webxpay is headquartered in Colombo, Sri Lanka, in the Asia region.
How does Webxpay make money?
Five revenue lines are on record. Payment Processing Fees are the primary driver. The others are subscription Packages, installment Processing (XSPLIT), multi-Currency Activation and POS Hardware and Services.
Who are Webxpay's main competitors?
Direct peers on record are PayHere, PayCorp, Genie (by Dialog) and Sampath Vishwa. Emerging players are FriMi and eZ Cash. iPay88 is listed as a regional player. Broad incumbents are 2C2P, Razorpay and Stripe.
Does Webxpay have an API?
Yes. WEBXPAY offers a comprehensive merchant API supporting authentication (email/password and API credentials), transaction retrieval (by order reference and merchant reference), card tokenization, recurring payments, refund processing, and gateway management. Authentication uses JWT Bearer tokens. The API endpoints include loginRequest, apiLogin, getTransactionData, getTransactionByMerchantReference, card saving, card retrieval, token-based payments, and refund APIs. Available payment gateway integrations include Visa, Mastercard, Amex, UnionPay, Diners, Discover, and local wallets (FriMi, eZ Cash, mCash, JustPay). EMI gateway IDs are available for multiple banks (NTB, HNB, DFCC, Commercial Bank, NDB, Seylan, Union Bank). Developer documentation is at developers.webxpay.com.
What industry is Webxpay in?
Webxpay's product category is Payment Processing and Financial Technology. Its primary akta.pro industry code is FSAMACAA, Merchant Payment Gateways (API/Hosted Checkout), with a secondary code of BPAMAFAK, Cross-Border & FX Payments Platforms. Its NAICS code is 522320 and its SIC code is 6199.