COLOMBO, Sri Lanka, July 18, (ePRESS) – WEBXPAY, Sri Lanka’s leading digital-finance innovator, announced the appointment of Mr. A. A. M. Thassim, the former Deputy Governor of the Central Bank of Sri Lanka (CBSL), as a Non-Executive Director.
This strategic move aims to enhance the company’s governance and regulatory framework as it continues its transition from a payment gateway pioneer to a comprehensive financial technology ecosystem.
Executive Chairman Thilak Piyadigama expressed excitement about the appointment, stating, “We are thrilled to welcome Mr. Thassim to the Board. His unmatched regulatory insight and deep governance expertise align perfectly with our mission to scale responsibly while delivering lasting value to merchants, consumers, and the public sector.”
Mr. Thassim, who brings over 30 years of experience at the CBSL, will offer invaluable leadership in ensuring the company’s growth remains aligned with regulatory standards. During his tenure at the CBSL, Mr. Thassim played a pivotal role in overseeing key financial policies such as Basel III, IFRS 9 adoption, and the country-wide rollout of the Cheque Imaging and Truncation System. He also headed the Financial System Stability Cluster and served on several national committees, including the Monetary Policy Board and Audit Committee.
Mr. Thassim’s industry influence extends beyond the CBSL. He has chaired the Credit Information Bureau, the Institute of Bankers of Sri Lanka, and served on the boards of several organizations, including the Sri Lanka Export Credit Insurance Corporation and LankaClear (Pvt) Ltd., now known as LankaPay, the country’s national clearing house.
In addition to being an Associate Member of the Chartered Institute of Management Accountants (UK), Mr. Thassim holds an MBA from the Postgraduate Institute of Management at the University of Sri Jayewardenepura. He has also completed executive programmes at Harvard Kennedy School and the Haas School of Business, University of California, Berkeley.
Founded in 2015, WEBXPAY has made a mark by simplifying digital payments for small businesses. Today, the platform serves over 5,000 merchants, partners with eight local banks, and offers next-day settlements (T+1). Its range of products includes the XGATEWAY e-commerce API, XPOS and XQR in-store card and QR acceptance solutions, and the XSPLIT instalment platform. The company is fully ISO 27001 and PCI DSS certified, underlining its commitment to security and compliance.
With a strong focus on AI-driven onboarding, supply-chain finance, lending, and advanced analytics, WEBXPAY is set to benefit from Mr. Thassim’s expertise as it expands its reach. Mr. Piyadigama added, “This appointment underscores our core values of integrity, stability, and measurable progress. We are excited to welcome Mr. Thassim to the Board. With his guidance, we are well-positioned to dismantle the barriers to digital finance and unlock wealth for all.”
As WEBXPAY continues to revolutionize Sri Lanka’s digital finance landscape, Mr. Thassim’s leadership and strategic advice will be crucial in driving the company’s next phase of growth.
WEBXPAY is Sri Lanka’s leading digital-finance platform, providing secure, intelligent, and accessible payment solutions to businesses and consumers. Through continuous innovation and strategic partnerships, WEBXPAY is shaping the future of financial inclusion across Sri Lanka and beyond.
