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Chairpersons

WEBXPAY Strengthens Governance with Appointment of Ex-CBSL Deputy Governor

Strategic Insights

— 1 min read

WEBXPAY, a leading digital-finance innovator in Sri Lanka, has announced the appointment of Mr. A. A. M. Thassim, former Deputy Governor of the Central Bank of Sri Lanka (CBSL), as a Non-Executive Director. This move underscores WEBXPAY's commitment to scaling responsibly and delivering lasting value to merchants, consumers, and the public sector. As the company accelerates its evolution from a payment gateway pioneer to a full-scale financial-technology ecosystem, Mr. Thassim's unmatched regulatory insight and deep governance expertise will play a crucial role in shaping WEBXPAY's future. With over three decades of leadership experience at the CBSL, Mr. Thassim brings invaluable expertise in bank supervision, foreign-reserves management, and national payment infrastructure modernization.

Key Takeaways:

  • WEBXPAY has appointed Mr. A. A. M. Thassim, former Deputy Governor of the Central Bank of Sri Lanka (CBSL), as a Non-Executive Director.
  • Mr. Thassim brings over three decades of leadership experience at the CBSL, including oversight of bank supervision, foreign-reserves management, and national payment infrastructure modernization.
  • His influence extends beyond the central bank, with experience as Chair of the Credit Information Bureau, the Institute of Bankers of Sri Lanka, and board member of the Sri Lanka Export Credit Insurance Corporation and LankaPay.
  • Mr. Thassim holds an MBA from the Postgraduate Institute of Management at the University of Sri Jayewardenepura, as well as executive programs in Gold Reserves Management at the Haas School of Business, University of California, Berkeley, and public-sector leadership at Harvard Kennedy School.
  • WEBXPAY serves over 5,000 merchants, partners with eight local banks, and offers next-day settlements through its range of products: XGATEWAY, XPOS, XQR, XSPLIT, and XCOLLECTOR.
  • The company is investing heavily in AI-driven onboarding, supply-chain finance, lending, and advanced analytics initiatives that will benefit from Mr. Thassim's strategic guidance.
  • The appointment of Mr. Thassim underscores WEBXPAY's commitment to integrity, stability, and measurable progress, with the new Board member poised to dismantle barriers to digital finance and unlock wealth for all.

Statistics:

  • More than 5,000 merchants served by WEBXPAY.
  • Eight local banks partnering with WEBXPAY.
  • Range of products: XGATEWAY, XPOS, XQR, XSPLIT, and XCOLLECTOR.
  • Investment in AI-driven onboarding, supply-chain finance, lending, and advanced analytics initiatives.

Sources:

  • WEBXPAY press release, announcing the appointment of Mr. A. A. M. Thassim as a Non-Executive Director.

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