Paycorp International signs agreement with BOI

An agreement was signed between the Board of Investment and Paycorp Payment Solutions which is a leading provider of Enterprise payment processing solutions to Financial Institutions, corporate and industry specific vertical markets, to operate a Knowledge Processing Outsourcing (KPO) in Sri Lanka under the name of Paycorp International.

The new KPO 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 KPO processes.

This project is an investment of US$ 4.40 million and will provide 100 employment opportunities.

“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 KPO Paycorp International Private limited. Paycorp International is also highly excited to establish high-in-demand payment processing and competency centers for larger global companies with Asian presence.

During the next few months, the company will invest in infrastructure for its new site, training of people and other operational tools.

Mazeen Farook, Managing Director of Paycorp International, said Paycorp will only come into the country now because they believe Sri Lankan graduates can achieve complex IT KPO processes and have the required technical capabilities to support the operation.