HOW DOES JUSTPAY FIT INTO KAPRUKA‘S BUSINESS MODEL?

Right now, we use 20-25% of revenue on a daily basis because we can’t accept debit cards and customers can’t pay with bank accounts. I see great potential in JustPay to fill this said. In any e-commerce business, payment methods play a crucial part. Even though cash on delivery is the most popular option in developing countries such as Sri Lanka, direct bank payment should at least be the next best option. Credit card and other mature options come later, and at a higher price to online businesses like Kapruka.

HOW GREAT A CHALLENGE IS PAYMENTS FOR WIDESPREAD E-COMMERCE?

Over 30% of e-commerce checkout journeys do not get past the payment page. This is an industry norm in the region. It’s due to payment barriers. This is why we also promote cash on delivery to secure these orders.

 

CAN JUSTPAY CONTRIBUTE TOWARDS E-COMMERCE GROWTH?

Yes, of course! In fact, I was going after LankaClear personally, encouraging them to build this solution for the sake of the e-commerce industry.

IS KAPRUKA GEARED TO WORK WITH MULTIPLE PAYMENT APPS?

Kapruka has always been a technology company more than an e-commerce retailer. We are also keen to integrate this to Grasshoppers – a sister company of Kapruka – which connects with over 450 small e-commerce websites in Sri Lanka. I believe the Kapruka-JustPay partnership will have a large and rapid impact on Sri Lanka’s e-com-memo ecosystem.

EVEN THOUGH CASH ON DELIVERY IS THE MOST POPULAR OPTION IN DEVELOPING COUNTRIES SUCH AS SRI LANKA. DIRECT BANK PAYMENT SHOULD AT LEAST BE THE NEXT BEST OPTION

HOW DO YOU SEE THE FUTURE FOR CASHLESS PAYMENTS EVOLVING?

Cash will recede from the e-commerce space very fast. COD or ‘cash on delivery’ is something we want to change to ‘card on delivery‘, where the delivery reps [grasshoppers] will carry a mobile that also accepts cards or QR of JustPay partners at the customer’s doorstep.

Sinhala and Tamil New Year ( Aluth Awurudda ), a most awaiting and one of the most important festival celebrated by not only Sinhalese people, but by most of the Sri Lankans.

It is generally celebrated on 13^th April or 14^th April and traditionally begins at the sighting of the new moon.

According to Sinhalese astrology, New Year begins when the sun moves from Meena Rashiya (the house of Pisces) to Mesha Rashiya (the house of Aries). It also marks the end of the harvest season and of spring.

By celebrating, people believe that they have engaged in a new beginning to their lives, they hope with the new beginning they will achieve prosperity, success and happiness to their lives, their families and to the country.

Celebrating is not like throwing a party at the house, invite everyone and have fun. It is much more important and precious, ritual/ custom that every Sinhalese obeys most and give importance in their lives.

For this have to be ready to follow valuable Traditional Sri Lankan Rituals which inherited from ancient ancestors which is transferred from family to family, generation to generation.

 

THE NEW MOON

• The new moon can be seen on Sunday the 18th of March and on Friday the 20th of April

“It is believed that by looking at the Moon for the last year and pay the gratitude for the past year. Also when all other rituals are over the last ritual is to look at the new moon that rise up and welcome the moon to the new year”

 

BATHING FOR OLD YEAR

• Bathing for old year falls on Thursday the 12th of April

“This ritual is followed to symbolize that people are ready to be blessed and worthy and fresh to receive the blessings given to their lives in New Year”

 

DAWNING OF THE NEW YEAR

• New Year will dawn at 8.13 am on Saturday the 14th of April

“This is the auspicious time that sun moves from Meena Rashiya to Mesha Rashiya. That is the exact precious moment considered as the dawn of the New Year”

 

PUNYA KALAYA

• Punya Kalaya begins on Saturday the 14th of April at 1.49 am and ends on Saturday the 14th of April at 2.37PM

“This time period is reserved to follow up all the religious customs and let the people know and feel the importance of the religion to their lives and how much meaning that could added to life”

 

PREPARING OF MEALS

• Preparing meals for the New Year should begin at 10.40 am on Saturday the 14th of April.

“It is believed that this is the first meal to cook from the harvest collected from the paddy fields and make the wishes, that they will be offered prosperity throughout the year.”

 

TRADING AND FIRST MEAL OF THE NEW YEAR

• The tradition of trading and consuming the first meal of the New Year is to be done at 11.53 am on Saturday the 14th of April

“At the table, kiribath, bananas, sweets like aggala, kavum, thalaguli, aasmi, kokis, aluwa and many other delicacies become the centrepiece. Families sit around the table and share the kiribath, as the head of the family offers it to all members. By following this custom people get to realize how important is the “FAMILY”. “

 

ANOINTING WITH OIL

• Anointing the head with oil is set for Monday the 16th of April at 10.16 am

“Anointing the holy oil purifies one’s mind as well as the body; families conduct this ceremony at their homes or go to temples where the priest anoints oil on the devotees’ heads and bless them. The patriarch of the family or the chief of the temple stands upon leaves, roots and flowers and anoints the oil while chanting shloka or gatha. During this ritual one is blessed from head to toe. “

 

LEAVING FOR WORK

• Leaving for work in the New Year is set for 6.03am on Thursday the 19th of April

 

There are a multitude of different advertising channels a business can practice to market the business, product, or service.

Awareness is the key factor for an e-commerce business to grow bigger. However building the appropriate awareness is not an easy task.

Always it’s a belief and the purpose of Kapruka, a commercial is to convey an impression to audience and build awareness.

Kapruka commercials deliver the precise notion of the business and create the impression on the viewer. The best out of the best commercials of Kapruka.com, on E-commerce.

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For years, the world of eCommerce has been growing at an incredible pace. In the nation of Sri Lanka, the development and growth of the commerce industry online has been absolutely incredible. While normal retail and shopping experiences continue to drop and dwindle, the online world continues to grow at such telling speeds. The reasons why, too, are relatively simple.

• For one, who has time to go and visit a store today? We are all so busy with life in general that it can be hard to find the time after work. When we aren’t working, we want to do something fun – not shop!
• Thanks to that, the power of online ordering, shopping and delivery allows for people to make up for that time shortfall. Now, when you know you need a certain item or function, you can just order it online from sites such as Kapruka.
• As the largest online retailer in Sri Lanka, Kapruka owns close to 70% of the market share and is the example of how powerful eCommerce in Sri Lanka has become.
• Add in the incredible opportunities for doing everything from a price comparison to finding bulk deals that just do not exist locally, and it’s easy to see why people choose to do the majority of their shopping today online.

Online Shopping and E-Commerce Thrive In Sri Lanka

What Makes Online Commerce in Sri Lanka So Powerful

With the help of a smart and clear online presence that follows the aims of simplicity, user-friendliness and authenticity, companies can see huge growth by moving into the thriving online shopping world. If you are a normal brick and mortar retail business that is looking for ways to expand and thrive, getting into the online world is by far and away he most realistic and lucrative opportunity open to you.

To make sure that you always have access to what you need, then, online shopping in Sri Lanka shows no signs of stopping. The demand is definitely there, as is the determination and the requirement to build something new and more impressive for all. Whatever it is that you sell; there is a good chance that you can sell it on the massive, ever-growing and evergreen Sri Lankan online market.

From running a simple eCommerce platform online to sell jewellery to building a website that sells wholesale goodsto other businesses, being online gives you more visibility, more control and greater overall command of your financial future than was ever possible in the past.

As a nation that is witnessing massive and rapid growth, Sri Lanka is home to many technological advancements – and the people are picking them up at a rapid pace. As more people in the country turn to the internet and are happy to make their shopping trips in person only for local essentials, any business that can realistically sell online should be looking to tap into this lucrative market.

The options, and opportunities, are wider and more varied than they have ever been in the past. For both business and consumer in Sri Lanka, the chance for incredible and rapid growth and opportunity exists like never before.

Original Article Here:

GOYO fitness tracker is the newest addition to the Union Assurance Family. Union Assurance is on the verge of creating a healthier and happier lifestyle for Sri Lankan’s. why do we need a healthy lifestyle some might ask, well the answer to that question can vary according to different different people but in general a healthier life style can reduce the risk of heart diseases, diabetes, Osteoporosis, and mental sickness.

Get in with the fitness trend by getting your own GOYO.  GOYO is a trendy new Sri Lankan based Fitness App and Wearable representing wellness and well being, with an eco system revolving around keeping fit, living healthy, cultivating healthy habits and looking good. when a persons looks fit and healthy their self confidence increases automatically. be part of the GOYO family and gain this self confidence

 

With the GOYO App and Wearable, you can accept specific challenges, monitor your progress and get rewarded for transforming into a better you. Complete specific challenges and get rewards for accomplishments through fantastic discounts & deals from our partners, including banks, insurers, restaurants, hotels, pharmacies, travel agencies, fitness advisers and lifestyle brands.

 

purchase your very own GOYO from Kapruka.com and be apart of this change. This change that can benefit your life both mentally and physically.

You can purchase your very own GOYO from the link below

https://www.kapruka.com/shops/deliveryProductPreview.jsp?id=elec00A925&type=specialGifts&list=SMART_SEARCH

 

 

 

 

 

 

 

 

Dulith Herath

Founder and Chairman of Kapruka.com [Sri Lanka’s Largest E-commerce Organization] Serial Entrepreneur, Eisenhower Fellow

Major Innovations

• Dulith introduced e-commerce to Sri Lanka early in the year 2002 by launching Kapruka.com. Kapruka is today’s Sri Lanka’s market leader in e-commerce with over 70% market share selling 15,000+ products and 300+ different brands. Generating over 1.5 billion LKR annually as of 2017
• Dulith developed island wide delivery service for e-commerce packages
• Dulith innovated the “Global Price Checker” that lets people in developing countries order products via global e-commerce giants such as Amazon, EBay, Alibaba
• Dulith innovated “Grasshopers” – an e-commerce fulfilment service for up-coming e-commerce companies and SMEs that want’s packages delivered island wide or globally

Business Track Record

Kapruka.com which is the main platform for all of Dulith’s innovations is a 100% debt free company which was built from ground up from its very own profits. He has never raised funds or borrowed to grow. It’s a one of a kind e-commerce company which is generating a strong cash flow with 37% average net profit and 52% gross profit. “Kapruka Global Shop” became the 2^nd cash largest cash generator with its lean and unique “zero-inventory” business model. Business Excellence(Gold), National Chamber of Exports(Gold), SLIMM Online brand of the year (Gold) and many other national awards were given to Kapruka.com for the excellent financial performance it showcases

Social Contribution

Kapruka is playing a key role in Sri Lanka for creating the “Movement” of e-commerce industry. This industry as a whole helps SMEs and traditional businesses to not be left behind the wave of e-commerce happening globally. E-commerce as a whole is helping to reduce traffic and time people waste visiting shops and malls.

Kapruka’s “grasshoppers” initiative is focused doing “INCLUSIVE E-COMMERCE” for Sri Lanka. It empowers everyone to do e-commerce by giving them the necessary tools such as delivery service, payment platforms to join the wave of e-commerce. In essence it helps grassroots level businesses to do trade online. Grasshoppers innovation was recognized by United Nations as a strong tool for all developing countries and also got the Eisenhower fellowship recognition for Dulith Herath in 2017

Future Vision

Dulith wants to see Sri Lanka as the founding country for “Kapruka Grasshoppers” which is a highly scalable project into all developing countries. When an e-commerce delivery happens in Ethiopia, Dulith wants to see a few cents coming to Sri Lanka as the hosting country of Grasshoppers. Just like when we take an Uber taxi today in Sri Lanka few cents go to USA as it’s hosting country.

Dulith want’s Sri Lanka to be an ‘Inclusive E-commerce’ country where we don’t allow a single giant such as Amazon to rule the entire e-commerce market of the country. When inclusive e-commerce is in place, all small, medium, large retailers will have their very own e-commerce arm which will not allow a monopoly in E-commerce in a country.

In last few years, e commerce in the South Asian region has grown at a phenomenal rate. The e-commerce boom is resulting in a sudden explosion of interest in the sector. In addition to the numerous local e-commerce sites, many bricks and mortar companies are jumping on the bandwagon as well. A majority of such traditional brick and mortar companies have not even had a company website until now, and e-commerce will truly be their first taste of what the world of Internet and e-commerce can offer. In this article, we would be analyzing the leading e-commerce companies in Sri Lanka that are having a huge impact in shaping the retail business on the internet.

Read Full Article at The Drum