Paymaster Archives

April 12, 2023

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Leading home-grown one-stop payment app PayMaster has won two awards at the recent LankaPay Technnovation 2023 Awards. The app won the Gold Award for Best Mobile Application for Retails Payments in the Fintech sector and a Merit Award for Most Popular Digital Payment App of the Year.

The PayMaster app has quickly gained the trust of Sri Lankan consumers in just four years by providing a wide range of financial technology services to meet the daily payment needs of Sri Lankans. The app is powered by JustPay, Sri Lanka’s national mobile payment processing network, which operates under the full supervision of the Central Bank of Sri Lanka.

Through the PayMaster app, users can easily fulfill their online payment needs, including local currency exchange, 18 types of bill payments, doctor channeling, medicine search (Medi Search), sending money to Sri Lanka from abroad, paying for goods and services in Sri Lanka, and donating money to help Sri Lanka from abroad, among many other services.

One of the PayMaster app’s unique features is the PayMaster Money Transfer service, which provides customers with the convenience of transferring money through a single app, even if they have several bank accounts with different banks. This service has gained great popularity by avoiding the inconvenience of switching to separate apps from bank to bank and providing fast and reliable service.

In addition, the PayMaster app offers an in-app credit service to pay bills in case of a cash emergency. Customers can easily access credit for bill payment, and there are many convenient payment methods available to them. It’s worth noting that the Medi Search service, introduced last year, is a completely free service and is a social responsibility initiative by PayMaster. This service has become very popular among Sri Lankans, allowing customers to easily find the nearest pharmacy that has the medicines they are looking for from the comfort of their homes.

This year, the PayMaster app has introduced a new service that allows users to send money from abroad to Sri Lanka easily. Users can add their credit or debit card to send money, even if they don’t have cash on hand. This feature enables users to send money from any country around the world to any bank account in Sri Lanka in just two seconds.

PayMaster’s success can be attributed to the app’s ability to complete more than one billion transactions in a very short period, which is proof of the trust that customers have placed in it. Winning two awards at the LankaPay Technnovation 2023 Awards is a testament to the app’s success and the commitment of the PayMaster team to provide innovative financial technology services to Sri Lankans.

April 5, 2022

April 4^th, 2022: PayMaster won the Gold Award as the Most Popular Fintech Payment App in Sri Lanka 2021 at the recently concluded LankaPay Technovation Awards 2022. This incredible achievement was accomplished in a short span of 3 years, as PayMaster earned the trust of the entire nation for all bill payment services, reloads and many more features. The top-ranked app crossed the milestone of 1.5 billion reloads to secure the coveted No. 1 position.

At present, all day-to-day payment needs plus other financial services of Sri Lankans are fulfilled by the Super App, PayMaster – as they recently introduced a wide range of their latest facilities. Transfer money between accounts by maintaining multiple bank accounts in one place; send or receive money to any bank account by simply using your mobile number; reload your phone in case of emergencies and pay bills via the in-app credit facility, make PickMe / UBER rider settlements and all insurance premium payments; as these unique new features take priority in offering superior service on a whole new level.

Invite all your friends to start using the app via through its latest update, and both your friends and you will receive free reload points worth Rs. 100; as PayMaster gears up to launch this amazing rewards scheme for everyone.

Having made it ultra-convenient and simple for Sri Lankans to complete all their daily activities without hassle, it is no surprise that the PayMaster app was voted as the most popular choice amidst stiff competition. Adding onto this triumph is the further expansion of the app’s customer service, as PayMaster aims to deliver more versatile and outstanding benefits exclusively to its customers.

Video Link

https://www.facebook.com/PayMasterApp/videos/366554705382958

April 8, 2021

Thursday 8^th April 2021, Colombo: Fairfirst Insurance recently partnered with PayMaster Solutions (Pvt) Ltd to offer a convenient and speedy way of purchasing insurance on the go.

PayMaster is a one-stop payments app developed and operated by PayMaster Solutions (Pvt) Ltd, a fully-owned subsidiary of FirstPay (Pte) Ltd Singapore. The app aims to revolutionize the way

Sri Lankans transact when topping-up their mobile reloads and paying their bills.

On the forefront of offering progressive Sri Lankans a myriad of contactless and customised solutions, Fairfirst Insurance is known to be amongst the most innovative service brand in the industry. Taking lead in being the first and only e-commerce ready insurer and a pioneer in empathy-based contactless solutions, this partnership has created a digitized synergy that would greatly benefit the end consumer of purchasing insurance while on the move.

During the first phase of this partnership, Fairfirst will be offering its customers a Personal Accident Cover that can be purchased via the app. And a few months down the line, the company will expand its product range to offer other Fairfirst Insurance solutions to the progressive Sri Lankan. Customers can now purchase the Personal Accident (PA) Cover via the PayMaster App by navigating in a preferred language of their choice. To purchase a PA cover, customers have to follow four simple steps through the PayMaster App:

Step 1 – Download the PayMaster App & register (which is available on Android & Apple phones)

Step 2 – Select the Insurance Category

Step 3 – Fill out the required details to buy the PA policy

Step 4 – Once the details are submitted, the customer will receive an insurance certificate & policy documents via email

Commenting on the tie-up, Sanjay Siriwardena – Chief Sales Officer Fairfirst, stated, ‘We are continuously looking to expand our horizons on how to serve our customers better. In a world where digitization is ruling, we must remain at the forefront of such advances. Empowering our customer with countless ways to experience and purchase our products should be made accessible at each corner.’

Stating further on this tie-up, Ransika De Silva – Founder/CEO PayMaster Solutions, adds, ‘PayMaster is an instrumental service for the progressive Sri Lankan. It allows customers to save time, provides greater ease of use and complete security. Partnering with Fairfirst will give ease of access to the customers of Fairfirst for obtaining an insurance cover on the go.’

Among the top General Insurance companies of Sri Lanka, Fairfirst serves individuals, businesses and institutions across this beautiful island through a versatile workforce spread across a comprehensive branch network, affinity partners and leading brokers in the market. Fairfirst Insurance is also part of the Canadian based Fairfax Group. Fairfax, through its subsidiaries, has an international insurance and reinsurance business with a global underwriting reach, longstanding relationships and a broad product range. Fairfax has a strong foothold in the growing insurance and reinsurance markets of Southeast Asia, Eastern Europe, the Middle East, and Brazil.

April 10, 2020

Home-grown technology start-up PayMaster Solutions, recently donated reload facilities of 250,000 LKR in value, to the dedicated staff at the National Institute of Infectious Diseases (IDH). The donation is intended as a salute of appreciation to the front-line staff fighting the Covid19′ pandemic in the country, by putting the public’s safety and health above their own while sacrificing precious time with their own loved ones.

The free reload facility gives the staff members at IDH convenient and continued access to a stream of communication with their loved ones without having to leave the hospital premises, especially at a time such as this when breaks from the hospital have become extremely rare for them.

Commenting on this initiative, PayMaster Solutions CEO Mr. Ransika De Silva, “We are extremely appreciative of the hardworking, engaged staff at IDH for their selfless service to the country and public during this difficult time period. This initiative is our way of thanking them by enabling them to keep in touch with their own loved ones, without having to think of the financial commitment nor the extra time attached to it. We wanted to gift them with this convenience.”

The 100% homegrown and locally-managed mobile application PayMaster, enables individuals to reload their mobile numbers from any network or make utility payments such as water, electricity and telephone bills from the comfort of their homes.

When prevailing curfew measures tightly set around the island has left the public confined to their homes, the PayMaster mobile app offers an effective solution to keeping in touch with their loved ones while also ensuring their bill payments are up to date. Users can even send reloads to their friends and family, and pay for these with any credit or debit card.

PayMaster solutions is also fully geared to extend its payment facilities to suit the needs of corporates, most of whom are required to work from home and are therefore in need of streamlined payment solutions. With over 100,000 users around the island, the PayMaster App is fully committed to providing their users with a 24/7 service facility, during this critical period in the country due to the Covid19′ pandemic.

Operational in all three languages of English, Sinhala & Tamil, PayMaster adheres to the ‘Guidelines on Minimum Compliance Standards for Payment Related Mobile Applications’ as outlined by Central Bank of Ceylon (CBSL). The mobile app’s security is audited by one of the world’s leading security auditing firms based on the OWASP Mobile Application Security Verification Standard (MASVS 1.1) as well as the Infrastructure Review and Server hardening reviews with CIS control version 7.0 and NIST standards.

More information about the Paymaster App can be received from www.paymasterapp.com

PayMaster wins big at LankaPay Technnovation 2023 Awards

PayMaster wins prestigious award as the Most Popular Fintech Payment App in Sri Lanka

Fairfirst Insurance & PayMaster tie-up to offer Contactless Insurance for Customers

PayMaster Solutions offers free reload facilities to the dedicated staff at IDH