Payment Outsourcing

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.