Marx CrossBorder Payments paves the way for cashless Sri Lanka

 Marx CrossBorder Payments members receiving an award for excellence

CrossBorder Payments (Pvt) Ltd which operates under the brand name Marx, is a leading force in Sri Lanka’s fintech landscape, celebrates a path of creativity, resiliency, and revolutionary influence as it marks its fifth anniversary. 

Reflecting on this milestone, CEO of Marx CrossBorder Payments, Rohitha Perera stated, “Digital transformation is no longer a luxury; it is a necessity. While Sri Lanka stays mainly cash-driven, the worldwide economy is moving swiftly towards digital transactions. 

Marx CrossBorder Payments is dedicated to closing this gap by offering creative, easily accessible, and inclusive payment solutions. Our all-in-one point-of-sale system, the first of its kind in the world, will revolutionize trading &commerce will be done in Sri Lanka and making sure that SMEs, who is the foundation of our economy, have the resources they need to prosper in a world that prioritizes digital transactions. 

The company has created an all-in-one point-of-sale (POS) solution that transforms any iOS or Android device into a potent sales system, taking into account the particular difficulties faced by SMEs that required high investments for such technologies to automate their stores. Eight local and international payment methods are integrated into this ground-breaking technology, providing small enterprises with the same technological advantages as major retailers. Customers can view their earned and redeemed rewards which will be largest open loop loyaty based program, rebates, and discounts in real time on a single platform thanks to the company’s AI-powered loyalty program that will be individually rewarded, in order to encourages digital purchases in making Sri Lanka a cash free society. 

Marx CrossBorder Payments is also launching MarxDine, a smart restaurant QR menu and table booking system intended to simplify dining experiences, as part of its forward-thinking strategy to support the governments initiatives for the tourism sector for economic growth. Global figures show how quickly the food and beverage sector is adopting digital technologies. 88 percent of restaurants have thought about implementing digital menus, and a noteworthy 45 percent of customers now prefer to browse and place orders using smartphones. 

Furthermore, even after the pandemic, 74 percent of those surveyed said they want to keep using contactless payments. With 75 percent actively using digital innovations to improve productivity and 92 percent integrating QR menus alongside regular ones, restaurants are responding appropriately.