PAYable surpasses Rs. 100 bn in transactions, empowering Lankan merchants to thrive

PAYable, Sri Lanka’s leading digital payment acceptance platform, celebrates a landmark achievement—crossing Rs. 100 billion in transactions. 

More than just a milestone, this success reflects the profound impact PAYable has had on empowering businesses across the country, helping them embrace digital payments, increase revenue, and secure their financial future.  

Since its inception, PAYable has been at the forefront of transforming the way Sri Lankan businesses transact. From a single merchant to a thriving network of 40,000, PAYable has provided thousands of small businesses, entrepreneurs, and enterprises with the tools they need to compete in an increasingly digital economy. 

At the heart of this success is the vision of co-founders, the late Sujith Subasinghe and Yohan Wijesiriwardane, whose mission was to make digital payments accessible, affordable, and beneficial for merchants of all sizes. 

Their commitment to financial inclusion and business empowerment has driven PAYable’s journey from an ambitious startup to the nation’s largest non-bank digital payment provider.  

Commenting on this milestone, Ranjendra Theagarajah, Non-Executive Chairman and Co-founder of PAYable said, “Whether it’s a small vendor expanding their customer base or an entrepreneur scaling their business, PAYable has provided the technology, support, and accessibility to help businesses increase their income and financial stability. By removing barriers to digital payments, PAYable has allowed merchants—many of whom previously relied only on cash—to unlock new revenue opportunities, attract more customers, and future-proof their businesses. Merchants who adopted PAYable saw an increase in transactions as cashless payments became the preferred choice for customers.”

PAYable’s impact extends beyond just transactions. Recognizing that many business owners need guidance in their digital journey, PAYable has invested in round the clock customer support, expert-led solutions, and on-ground assistance to ensure merchants are never alone in their transition to digital payments.

“Before PAYable, these merchants stood on the sidelines of the digital economy, unable to access digital payments. But everything changed when they were empowered with the right tools. We didn’t just improve their businesses; we helped transform their lives. Generating an additional Rs. 100 billion in sales is not just a financial milestone—it’s a symbol of countless dreams reignited. Watching these merchants grow, thrive, and take their businesses to new heights is the true measure of PAYable’s success. This Rs. 100 billion represents more than revenue; it’s hope, ambition, and the promise of a better future for thousands of entrepreneurs,” shared Yohan Wijesiriwardane, Co-founder of PAYable.