Visacardholders to receive 10% discount on products purchased on retailgenius.com

From left retailgenius.com Director Thushan Shanmugarajah, retailgenius.com CEO Abishek Sithampalam, VISA South Asia Business Development Director Akanksha Mohan, VISA Group Country Manager India and South Asia T R Ramachandran - Pic by Bhanuka Kirinde

By Shannine Daniel 

Retailgenius.com, Sri Lanka’s first and largest e-commerce marketplace,recently announced that all Visa debit and credit card-holders will be entitled to a minimum 10% discount on all products purchased from its website. 

This promotion is to last till October 2016, following the partnership between the website and top global payments tech company Visa.

“By partnering with Visa we are now able to offer our customers added security for their online transactions. The lack of trust and confidence in the process of shopping online is one of the greatest deterrents that prevent customers from shopping online,” retailgenius.com Co-founder and CEO Abishek Sithampalam said.

“We feel that this partnership will provide potential customers with the reassurance that online shopping is safe, convenient and increasingly more affordable,” he asserted. 

 “We are extremely proud to see that retailgenius.com has cemented its position as the leading online market place in the country. Today we have over 100,000 users visiting this site and an average of 5000 transactions are made each month,” Sithampalam added.

Through this promotion customers will be able to enjoy savings on a variety of items featured in the retailgenius.com website.

The online shopping platform provides to 150 cities and contains 1500 national, international and regional brands with approximately 10,000 listed items, in just under 30 assorted categories. Said categories include appliances, kitchenware, electronic devices, watches, tools, furniture, women’s’ wear, men’s wear, children’s wear, toys, sports and gym equipment. 

“We hope that this offer will encourage customers to shop on retailgenius.com and will give them the confidence to embrace the multiple benefits of e-commerce,” Sithampalam added. 

Visa partnered with findmyfare.comlast year, acknowledged retailgenius.com Co-founder and Director Thushan Shanmugarajah. 

“We were able to strengthen our offering due to the credibility and the trust that the partnership offered. We were able to contribute to increase online transaction volume with Visa partnership and this was mutually beneficial for both companies. Therefore we decided to extend our partnership for another year,” Shanmugarajah revealed. 

“We hope that our partnership with Visa will help support our growth momentum and help us to take retailgenius.com and the e-commerce industry at large, to even greater heights,” stated Sithampalam. 

Commenting on the venture, Visa Worldwide Group Country Manager for India and South AsiaT.R. Ramachandran stated that they were delighted to partner with first findmyfare.com and now retailgenius.com.

Visa is the leading global payments technology company in the world which connects consumers, businesses, financial institutions and governments in more than 200 countries. Within Sri Lanka the company holds 70% market share, with approximately one million credit card users and approximately 13 million debit card users in the island.

Created by the minds behind findmyfare.com, the country’s first and largest online travel company, retailgenius.com was launched this year. In a relatively short period of time the website has managed to secure its position as the foremost online marketplace for retail products. 

Pix by Bhanuka Kirinde