PAYable

PAYable makes it easy, safe and cost effective for businesses of all sizes to start accepting cashless payments. PAYable offers a variety of credit card readers along with a custom-developed App, making it possible for merchants to accept cashless payments and manage transactions directly on their mobile device. The solution allows merchants to accept payments from VISA, MasterCard, AMEX, Diners Club, Alipay and CUP, and is the only MPOS terminal in Sri Lanka to support payments from such a wide variety of networks on one unit.

PAYable offers light weight, portable and highly secure card readers that connect to a mobile phone via Bluetooth and allows merchants to begin accepting card payments in-store or on the go with minimal hassle.

The solution guarantees money in the merchants account within 2 business days and is offered without monthly targets, rentals or minimum transaction values – making it the ideal solution for MSME merchants to grow their business and access the cashless eco-system.

Features:
- Accepts Visa & MasterCard transactions
- Accepts Amex transactions
- Accepts Alipay, CUP and Diners Club transactions
- Easy to Use Card Reader & App
- Secure solution developed to meet PA DSS compliancy
- Bluetooth connectivity between phone & card reader offers increased connection reliability
- Portable and lightweight
- Free installation, set up and training
- Ability to send receipts via email or text message
- Portable solution ideal for trade fairs, events, deliveries & on the go businesses
- No fixed line connectivity required
- Automated transaction reconciliation
- Money in your account within 1-2 business days
- Easy Access to Support via Hotline
- Supports multiple currency types
- Installment transactions
- Accept QR Transactions

Notes

This is a SquareUp like app that allows small businesses in Sri Lanka to accept credit and debit cards on the VISA / MasterCard networks.

Due to Sri Lanka's Central bank regulations and VISA MasterCard acquiring licenses we can only allow card payments from merchants registered and residing in Sri Lanka. We are unable to provide the app review process with a demo account that allows the reviewer to connect to the live system.

The application allows the merchant to use their wallets to receive payments from customers. Transactions can be done from any consumer wallet registered under the Lanka QR platform.

Also with the app, there is a Bluetooth card reader we distribute to the merchants.

Once the merchant goes through the KYC process (adhering to Sri Lanka's Central bank regulations) they will be officially on-boarded on the system, The the login credentials will be given to the merchant after the approval process. The card reader, vendor ID and the merchant login credentials are then bound together for greater security.

System has been architected and built following the standards of PA DSS compliance guidelines and the Bluetooth card reader is EMVCo Level 1 and 2 Certified. In addition the Systems has been VISA and MasterCard certified with each of the relevant acquiring bank.

Due to the security restrictions we are unable to provide the App review process a login credentials that will authenticate outside Sri Lanka. If the review process needs to see the app in a operational system, we will need to provide an app that is routed to the Test environment and ship the review team a Bluetooth credit card reader that works with the test environment.

Please let us know if you need this done. Alternatively we have provide a video that shows the operations of the app. We hope this is sufficient for the review process.

Link to the Reader Pairing:
https://www.youtube.com/watch?v=z0T9Amu7Yes

If there is any questions please feel free to contact us.