CrossBorder Payments paves the way for a Cashless Sri Lanka
View(s):CrossBorder Payments (Pvt) Ltd which operates under the brand name marx – a leading force in Sri Lanka’s fintech landscape, is marking its fifth anniversary. Since its inception, the company has transformed from a promising start-up to a trailblazing fintech leader, enabling companies of all sizes and propelling the country’s digital payment revolution, it said in a media release.
Reflecting on this milestone, CEO of Marx CrossBorder Payments, Rohitha Perera said, “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 revolutionise trading and commerce 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 prioritises digital transactions.
Marx CrossBorder Payments has led the way in digital innovation for the last five years and has been essential to the country’s transition in building a cashless society.
The company has created an all-in-one point-of-sale (POS) solution that transforms any iOS or Android device into a 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 loyalty-based programme, rebates, and discounts in real time on a single platform thanks to the company’s AI-powered loyalty programme that will be individually rewarded, in order to encourages digital purchases in making Sri Lanka a cash free society.
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