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# CeyPay officially launches a LKR 15 Million Merchant Subsidy Program, powered by Bybit, marking a major milestone for crypto payments in Sri Lanka.
- URL: https://blog.ceyloncash.com/ceypay-officially-launches-a-lkr-15-million-merchant-subsidy-program-powered-by-bybit-marking-a-major-milestone-for-crypto-payments-in-sri-lanka/
- Published: 2026-02-10T07:31:36.000Z
- Updated: 2026-02-19T07:08:13.000Z
- Author: Nisal Chandrasekara
- Tags: Announcements

🇱🇰 **Colombo, Sri Lanka – A New Era of Payments Begins**

CeyPay officially launches a **LKR 15 Million Merchant Subsidy Program**, powered by **Bybit**, marking a major milestone for crypto payments in Sri Lanka.

Through a partnership between **Bybit** and **CeylonCash (Pvt) Ltd**, Bybit Pay is now being rolled out across Sri Lanka via **CeyPay**, enabling both **physical merchants and digital businesses** to accept crypto payments while settling directly in **Sri Lankan Rupees (LKR)**.

CeyPay operates within a global crypto payments ecosystem alongside partners including **Binance, Bybit, and KuCoin**.

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### **Why Sri Lanka. Why now.**

Sri Lanka is rapidly embracing digital commerce. With a growing creator economy, increasing cross border transactions, and rising demand for alternative payment methods, the timing is right for modern payment rails.

Bybit Pay enters Sri Lanka to offer **fast, secure, and innovative crypto payment solutions** tailored for local merchants and consumers.

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### **CeyPay’s Dual Channel Rollout Strategy**

**1️⃣ Physical Stores**  
• Android based POS devices for retail merchants  
• Crypto payments with instant confirmation  
• Settlement directly to LKR

**2️⃣ Digital Stores**  
• Influencer led commerce and events  
• Online merchant onboarding  
• Creator, Instagram shop, and Facebook seller enablement

---

### **Key Benefits of Bybit Pay via CeyPay**

✅ **Speed**  
Real time payments with instant proof via API and fast settlement

✅ **Access**  
Serve both local and international customers without geographic limits

✅ **Cost**  
Lower fees compared to traditional payment methods

✅ **Engagement**  
Stand out with modern payment options for tech savvy users

✅ **Reliability**  
Higher transaction success rates with fewer failures

✅ **Security**  
Transparent, traceable payments with reduced fraud risk

✅ **Flexibility**  
Settle in crypto or fiat with full control over currency choice

---

### **Kickstart Crypto Payments**

### **50 Merchant POS Launch Program**

As part of this initiative, **50 Sunmi Android POS devices** will be deployed across key retail locations, alongside onboarding **50 digital merchants** nationwide.

#### **Physical Store Solutions**

• Sunmi POS devices suitable for small and medium merchants  
• Full Android system with crypto payment integration  
• Professional receipt printing and strong connectivity

#### **Digital Store Activation**

• Influencer partnerships across lifestyle, tech, and finance  
• Onboarding Instagram shops and Facebook sellers  
• Community reach via Bitcoin Deepa and CeylonCash networks

---

### **Merchant Subsidy Highlights**

🎁 **FREE 1 year CeyPay subscription**  
🎁 **2% transaction commission waived** for the first 100 merchants for the first year  
🎁 **50 merchants receive FREE POS devices**  
💳 Standard subscription after offer period: **$10 per month**

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### **Who Can Apply**

**Eligibility Criteria**

1. Registered business in Sri Lanka
2. Minimum monthly transaction volume of LKR 200,000
3. Willingness to promote crypto payment acceptance
4. Physical retail outlet or established online presence

---

### **Application Process**

1. Complete the merchant application form
2. Submit business registration, location details, and transaction history
3. Evaluation based on legitimacy, transaction potential, geographic coverage, and commitment to crypto adoption

---

### **Important Dates**

• Application period opens: **5 November 2025**  
• Review process: Within **2 weeks** of application  
• Merchant selection: Announced via official channels  
• POS installation: Rolling deployment over **4 to 6 weeks**

---

### **Apply Now**

👉 Early access leaderboard  
[https://leaderboard.ceypay.io/early-access/](https://leaderboard.ceypay.io/early-access/?ref=blog.ceyloncash.com)

👉 Merchant application  
[https://merchant.ceypay.io](https://merchant.ceypay.io/?ref=blog.ceyloncash.com)

---

### **Terms and Conditions**

• Participants must comply with Bybit Terms of Service  
• Any fraudulent or abusive behavior will result in disqualification  
• Bybit reserves the right to modify or interpret the program terms  
• Only applications submitted via the official Apply Now process are eligible  
• This program is available **exclusively for Sri Lanka**

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This initiative is designed to accelerate real world crypto payments and empower forward looking Sri Lankan merchants.

🚀 Limited slots available. First come, first served.