Top 10 Best Payment Gateways In Sri Lanka

Sri Lanka’s digital economy continues to grow due to the growth of many businesses. Whether you’re running e-commerce, freelancing, or SMEs, seamless and secure payment solutions are necessary to stay competitive. It’s because more consumers are embracing online shopping and digital transactions.

That’s why choosing the right payment gateway directly impacts sales, trust, and efficiency. This article highlights the top 10 best payment gateways in Sri Lanka. Starting or optimizing a payment system – this guide should help keep the business running smoothly while unlocking new opportunities.

01. PayHere

PayHere is one of Sri Lanka’s leading online payment gateways with a secure and efficient payment system. Approval from the Central Bank of Sri Lanka ensures compliance with local financial regulations.

Key Features

• Multiple Methods – Visa, Mastercard, Amex, mobile wallets (eZ Cash, Genie), and online banking.
• Subscription and Recurring Payments – Ideal for businesses offering subscription-based services.
• Secure Transactions – PCI DSS Level 1 certified, ensuring high security standards.
• Customizable Payment Pages – Businesses can personalize checkout pages to match their branding.
• Analytics and Reporting – Provides insights into transaction data for better decision-making.
• Cross-Border Payments – Supports international transactions in USD, EUR, GBP, AUD, and LKR.

Advantages

• No setup fees, making it accessible for startups.
• Strong security measures with PCI DSS compliance.
• Easy integration with e-commerce platforms.

02. WEBXPAY

WEBXPAY is developed to provide businesses with a seamless and secure transaction experience. The comprehensive digital solution integrates with local banks and supports multiple payment methods.

Key Features

• Multiple Payment Methods – Accepts Visa, Mastercard, Amex, mobile wallets, and online banking.
• Local and International Transactions – Supports payments in LKR and foreign currencies.
• Subscription and Recurring Payments – Ideal for businesses offering subscription-based services.
• Secure Transactions – Uses SSL encryption and PCI DSS compliance for data protection.
• Customizable Payment Pages – Businesses can personalize checkout pages to match their branding.
• Fast Merchant Settlements – Ensures quick payouts to business accounts.
• Mobile-Friendly Payments – Optimized for mobile transactions, making it convenient for customers.

Positives

• Supports multiple payment methods, including mobile wallets.
• Security measures with SSL encryption and PCI DSS compliance.
• Easy integration with e-commerce platforms and mobile apps.
• Local banking support ensures smooth transactions in LKR.

03. Sampath Payment Gateway

It’s a secure and reliable online payment solution of Sampath Bank, a leading financial institution. The gateway enables merchants to accept payments via cards, online banking, and mobile wallets.

Key Features

• Supports Major Payment Methods – Accepts Visa, Mastercard, and China UnionPay.
• Multi-Currency Transactions – Handles payments in LKR, USD, GBP, EUR, AUD, etc.
• Secure Payment Processing – PCI DSS compliance ensures high security standards.
• Customizable Payment Pages – Merchants can tailor checkout pages to match their branding.
• Tokenization and Card-on-File Facility – Secure recurring payments for subscription-based businesses.
• Online Installment Facility – Allows customers to pay in installments, enhancing affordability.
• Real-Time Monitoring and Reconciliation – Businesses can track transactions and manage finances.

Pros

• Strong security measures with PCI DSS compliance.
• Multi-currency transactions for international payments.
• Seamless integration with major e-commerce platforms.
• Backed by the Bank’s trusted financial infrastructure.

04. Commercial Bank Payment Gateway

The robust online solution is offered by Commercial Bank of Ceylon, one of the most trusted Lankan financial institutions. Strong security measures and compliance with international standards make it a preferred choice.

Key Features

• Supports Major Payment Methods – Accepts Visa, Mastercard, and UnionPay debit/credit cards.
• Multi-Currency Transactions – Handles payments in LKR, USD, GBP, EUR, AUD, etc.
• Secure Payment Processing – PCI DSS compliance ensures high security standards.
• Customizable Payment Pages – Merchants can tailor checkout pages to match their branding.
• Tokenization and Card-on-File Facility – Secure recurring payments for subscription-based businesses.
• Online Installment Facility – Allows customers to pay in installments, enhancing affordability.
• Real-Time Monitoring and Reconciliation – Track transactions and manage finances efficiently.

Benefits

• Strong security measures with PCI DSS compliance.
• Offers installment payment options, increasing customer flexibility.
• Seamless integration with major e-commerce platforms.
• Backed by Commercial Bank’s trusted financial infrastructure.

05. HNB Payment Gateway

It’s a secure, efficient online payment solution from Hatton National Bank (HNB). HNB Payment Gateway is a trusted choice for businesses looking to streamline their digital payment operations.

Key Features 

• Supports Major Payment Methods – Accepts Visa, Mastercard, and UnionPay debit/credit cards.
• Multi-Currency Transactions – Handles payments in LKR, USD, GBP, EUR, AUD, etc.
• Secure Payment Processing – PCI DSS compliance ensures high security standards.
• Customizable Payment Pages – Merchants can tailor checkout pages to match their branding.
• Tokenization and Card-on-File Facility – Secure recurring payments for subscription-based businesses.
• Online Installment Facility – Allows customers to pay in installments, enhancing affordability.
• Real-Time Monitoring and Reconciliation – Track transactions and manage finances efficiently.

Upsides

• Strong security measures with PCI DSS compliance.
• Multi-currency transactions for international payments.
• Installment payment options for customer flexibility.
• Seamless integration with major e-commerce platforms.

06. Seylan Bank Payment Gateway

The secure gateway from Seylan Bank enables businesses to accept payments. Seylan Bank Payment Gateway is a trusted choice for businesses looking to streamline their digital payment operations.

Key Features

• Supports Major Payment Methods – Accepts Visa, Mastercard, and UnionPay debit/credit cards.
• Multi-Currency Transactions – Payments in LKR, USD, GBP, EUR, AUD, and other major currencies.
• Secure Payment Processing – PCI DSS compliance ensures high security standards.
• Customizable Payment Pages – Merchants can tailor checkout pages to match their branding.
• Tokenization and Card-on-File Facility – Secure recurring payments for subscription-based businesses.
• Online Installment Facility – Allows customers to pay in installments, enhancing affordability.
• Real-Time Monitoring and Reconciliation – Track transactions and manage finances efficiently.

Advantages

• Strong security measures with PCI DSS compliance.
• Installment payment options increase customer flexibility.
• Seamless integration with major e-commerce platforms.
• Backed by Seylan Bank’s trusted financial infrastructure.

07. 2Checkout

The globally recognized payment gateway enables businesses in Sri Lanka to accept online payments. 2Checkout is an excellent choice for businesses looking to expand their digital payment capabilities.

Key Features

• Multi-Currency Support – Accepts payments in LKR, USD, GBP, EUR, AUD, and more.
• Multiple Payment Methods – Supports Visa, Mastercard, PayPal, American Express, JCB, Discover, and Diners Club.
• Recurring Billing – Ideal for subscription-based businesses with automated payment processing.
• Customizable Checkout Options – Offers standard and inline checkout for a seamless user experience.
• Advanced Fraud Protection – PCI DSS Level 1 certified, ensuring secure transactions.
• Global Reach – Available in 200+ countries, making it suitable for international businesses.
• E-commerce Integration – Compatible with Shopify, WooCommerce, Magento, BigCommerce, and more.

Pros

• Multiple currencies and payment methods for international transactions.
• Strong fraud protection and PCI DSS compliance ensure secure payments.
• It offers recurring billing, which is perfect for subscription-based businesses.
• Provides localized payment options, enhancing customer experience.

08. BitPay

The well-known cryptocurrency payment gateway accepts Bitcoins and other digital currencies securely. Bit Pay has become a leading solution for merchants looking to integrate crypto payments into operations.

Key Features

• Multiple Cryptocurrencies – Bitcoin, Ethereum, Litecoin, and other major digital currencies.
• Low Transaction Fees – Charges a flat 1% settlement fee, which seems significantly lower.
• Instant Settlements – Merchants can receive payments quickly, reducing cash flow delays.
• Advanced Fraud Protection – Uses 2FA and cryptographically secure APIs to prevent fraud.
• Multi-Language Invoicing – Supports invoicing in 40+ languages for international transactions.
• Direct Bank Deposits – Converts crypto payments into fiat to deposit into merchant accounts.
• E-commerce Integration – Compatible with Shopify, WooCommerce, Magento, and others.

Positives

• Lower transaction fees than traditional payment gateways.
• Fast settlements with direct bank deposits.
• Strong security measures with two-factor authentication.
• Global reach, supporting businesses in Sri Lanka and beyond.
• Easy integration with major e-commerce platforms.

09. Genie by Dialog

Genie by Dialog empowers businesses and individuals with seamless, secure, and efficient processing. It offers a comprehensive financial ecosystem with PCI DSS 4.0 for optimal security standards.

Key Features

• Multiple Payment Methods – Visa, Mastercard, Amex, eZ Cash, Genie Wallet, and direct transfers.
• Advanced Security – PCI DSS 4.0 compliance with SSL encryption and fraud prevention systems.
• Real-Time Processing – Instant payment confirmations and quick fund settlements.
• Customizable Checkout – Businesses can personalize payment interfaces for a seamless customer experience.
• Detailed Analytics – Provides transaction insights through the Genie Business vendor dashboard.
• International Payment Support – Enables businesses to accept payments from global customers.

Upsides

• Multiple payment methods, including mobile wallets.
• Strong security with PCI DSS 4.0 compliance.
• Fast settlements for improved cash flow.
• Easy integration with websites and mobile apps.
• Detailed analytics for tracking transactions.

10. mCash

mCash, developed by SLT-MOBITEL, enables a fast, secure, and convenient digital payment solution. It continues to play a significant role in the Lankan digital payment revolution and has a strong presence in the mobile money sector.

Key Features

• Multiple Payment Methods – Visa, Mastercard, mobile wallets, LankaQR, and direct bank transfers.
• Mobile Wallet Functionality – Allows users to store funds and pay via mobile devices.
• QR Code Payments – Accept payments through LankaQR, making transactions seamless.
• Bill Payments and Remittances – Supports utility bill payments, loan settlements, and inward remittances.
• Secure Transactions – Uses advanced encryption and fraud prevention mechanisms to ensure security.
• Wide Merchant Network – Over 30,000+ agent locations across Sri Lanka for easy accessibility.
• Instant Fund Transfers – Enables real-time payments and settlements for businesses.

Positives

• Multiple payment methods like mobile wallets and QR payments.
• Fast and secure transactions with real-time processing.
• Low transaction fees compared to traditional payment gateways.
• Strong presence in Sri Lanka, with a vast merchant network.
• Integration with e-commerce platforms and mobile apps.

Comparison Table: Top Lankan Payment Gateways

Consuming and/or differentiating the payment gateways from such elaborate details may seem difficult. Use the summarized comparison for a quick overview of the distinctions.

Wrapping Up

The right payment gateway is mandatory for businesses to keep up with the rapidly evolving digital landscape. And it’s no different for Sri Lankan businesses and enthusiastic individuals. Whether you are an e-commerce store owner, freelancer, or SME, only the most secure payment gateway can ensure seamless transactions, improved customer trust, and business growth.

Contact Tectera a web design company in Sri Lanka to integrate payment gateway in Sri Lanka.

(FAQs)

1. What is the difference between hosted and non-hosted payment gateways?

A hosted payment gateway redirects the customers to an external payment page to complete transactions (PayHere, 2Checkout). A non-hosted payment gateway allows payments to be processed directly on the merchant’s website (Sampath Payment Gateway, HNB Payment Gateway).

2. How do payment gateways handle chargebacks and disputes?

Most payment gateways offer chargeback protection by verifying transactions and providing fraud detection tools. When a customer disputes a payment, the gateway assists merchants in resolving the issue by providing transaction records and security logs. Gateways like WEBXPAY and PayHere offer dedicated fraud prevention mechanisms to minimize chargebacks.

3. Can Sri Lankan businesses accept payments via mobile apps using these gateways?

Payment gateways like Genie by Dialog, mCash, and PayHere support mobile app integration. Businesses can embed payment processing within apps. It allows customers to make purchases directly from their smartphones.

4. What is the settlement period for different payment gateways in Sri Lanka?

The settlement period refers to the time it takes to transfer funds to the merchant’s bank account. Bank-based gateways (Sampath, HNB, Seylan, Commercial Bank) take 1 – 3 business days. PayHere and WEBXPAY can take 3 – 5 business days, whereas 2Checkout and BitPay do it instantly (within two business days max for international transactions).

5. Do payment gateways support recurring billing for subscription-based businesses?

PayHere, WEBXPAY, Sampath Payment Gateway, and 2Checkout offer recurring billing features. It lets businesses automate subscription payments, which benefits SaaS companies, membership platforms, and service providers.

6. What are the compliance requirements for using a payment gateway in Sri Lanka?

Businesses must comply with Sri Lanka’s financial regulations, including the Central Bank of Sri Lanka’s approval for local gateways, PCI DSS compliance for security, KYC (Know Your Customer) verification for merchant accounts, and Tax compliance for international transactions.