July 18, 2024

Koko joins LankaPay Network via JustPay Web

Koko – Sri Lanka’s number one Buy Now, Pay Later (BNPL) app recently joined LankaPay’s revolutionary JustPay Web platform, allowing its customers to make purchases using Koko and pay in three installments directly via their bank accounts. This is a significant value addition to the consumers in Sri Lanka who are looking for solutions to ease their current financial burdens with installment payments.

The integration with JustPay Web was facilitated in partnership with Seylan Bank. This development promises to enhance the payment convenience to Koko users, providing them the same flexibility and convenience of using payment cards.

The agreement was officially signed with key representatives from LankaPay, Koko and Seylan Bank in attendance. This partnership is set to open new avenues for seamless transactions via account-to-account payments, making it easier for Koko's growing customer base to manage their finances efficiently.

JustPay Web is a further enhancement of LankaPay’s pioneering JustPay Mobile solution, that extended the direct payments via bank accounts capability to browser-based applications as well. Launched in 2023, JustPay Web serves as an extremely cost-efficient and effective alternative to Internet Payment Gateway Solutions (IPG). This integration addresses a significant market need, allowing a broader segment of customers to engage in online transactions securely and effortlessly.

Seylan Bank's Open API stack has enabled Koko to connect with JustPay Web with an improved, user-friendly payment experience. Koko users who previously relied heavily on debit and credit cards for BNPL services can now link their bank accounts directly through Koko and perform real-time transactions conveniently.

The collaboration between Koko and Seylan Bank, supported by JustPay Web, is set to redefine the BNPL landscape in Sri Lanka. It empowers customers to make purchases and manage payments with unparalleled ease and security, paving the way for increased e-commerce activity and financial inclusion.

This partnership highlights Koko's commitment to providing innovative payment solutions that cater to the evolving needs of its customers. The seamless integration with JustPay Web through Seylan Bank ensures that users can now enjoy a more streamlined and efficient payment process, enhancing their overall shopping experience.