Payment Outsourcing

Sri Lanka's state minister of defence Ruwan Wijewardene (L) takes part in a press conference in Colombo on April 24, 2019. - A Sri Lankan security dragnet hunting those responsible for horrifying bombings that claimed more than 350 lives has scooped up a further 18 suspects, police said April 24, as pressure mounted on politicians to explain why no one acted on intelligence warnings. (Photo by ISHARA S. KODIKARA / AFP) (Photo credit should read ISHARA S. KODIKARA/AFP/Getty Images)

Mar 14, 2013 (LBO) – Paycorp International, an Australia based firm will set up an outsourcing unit in Sri Lanka employing 100 persons, the state investment promotion agency said. Paycorp will invest 4.4 million US dollars in the project, the Board of Investment of Sri Lanka, which give tax breaks for foreign investments said.

“Culturally and educationally Sri Lanka has always been suited for the delivery of global back office support services,” John Caliguri, Chairman of Paycorp Payment Solutions was quoted as saying a statement.

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

Mazeen Farook, managing director of Paycorp International, said that Sri Lanka had graduate with technical capabilities to support the firm.