Australia’s Payment Gateway commences business

Paycorp Payment Solutions which is a leading provider of Enterprise payment processing solutions to Financial Institutions, corporate and industry specific vertical markets will open a BPO in Sri Lanka in the upcoming months under the name of Business Payment Services (BPS).

The new BPO which requires high domain knowledge and complex processes has cited the Sri Lankan culture and qualified talent pool as major factors that make the country best suited for the next generation global BPO processes.

“Culturally and educationally Sri Lanka has always been suited for the delivery of global back office support services,” said John Caliguri, Director and Chairman of Paycorp Payment Solutions in Australia and the newly formed Sri Lankan BPO, Business Payment Services. BPS is highly excited to establish their high-in-demand payment processing and competency centres for larger global companies with Asian presence.

BPS will be formally opened in the upcoming months and would initially employ 12-25 people. It is expected to reach 50-100 employees over a six year period. In the next few months, the company will invest in the infrastructure for its new site, training of people and other operational tools.

Mazeen Farook, Managing Director of BPS, said Paycorp will be entering Sri Lanka, where Sri Lankan graduates can achieve complex BPO processes and have the required technical capabilities to support the operation.

“Sri Lanka has already gained lots of advantages and the people are quite ready to be trained for complex programmes,” he said. The Sri Lanka centre would be involved in assisting clients in high domain knowledge processes and complex services like banking and finance, government and other industry verticals.

The opportunity for Sri Lankan business too has a cost effective, local, online transactional processor and could inevitably accelerate the opportunities for improved services.