📲 LOFC’s iPay Business Launches 'Wyapara Balaganwayi' to Empower Local Merchants 📈

• Overview: iPay Business, powered by LOLC Finance, introduced the “Wyapara Balaganwayi” proposition—a digital ecosystem providing accessible payment acceptance, transaction management, and business tools for Sri Lankan start-ups, SMEs, and established enterprises. • Key Payment Acceptance Solutions: • Tap & Pay: Turns NFC-enabled smartphones into card payment terminals. • HardPOS: Dedicated terminals supporting cards, QR payments, auto settlement, voids, and Pay by Link. • Broad Payment Integration: Accepts LankaQR alongside international options like UPI, Alipay+, WeChat Pay, and UnionPay for local consumers and foreign tourists. • Merchant Incentives & Features: • Fully digital onboarding via the iPay Business App without requiring branch visits. • 0% commission on local LankaQR transactions below Rs. 5,000 (subject to T&Cs). • Internet Payment Gateway (IPG) for e-commerce without fixed monthly/annual charges. • Economic Context & Future Roadmap: Designed to boost digital commerce adoption and financial inclusion. The platform plans to expand into analytics, AI-driven business insights, HR tools, and accounting capabilities to foster sustainable SME growth.