Mintpay launches no-expiry corporate vouchers across 2,500 merchants as companies increasingly shift toward flexible, digital-first employee rewards that align with evolving workforce expectations and modern consumption patterns.
Mintpay launches no-expiry corporate vouchers across 2,500 merchants
Sri Lanka-based fintech platform Mintpay has introduced its Corporate Gifting Solution, allowing organisations to issue digital vouchers that employees can redeem across a network of more than 2,500 partner merchants nationwide. The initiative is positioned as a response to changing dynamics in employee engagement, where traditional gifting models are often viewed as limited and less relevant.
As businesses across sectors rethink how they reward and retain talent, there is a growing emphasis on flexibility and personalisation. Conventional gift items and single-store vouchers frequently fail to meet diverse employee preferences, leading to underutilisation. Mintpay’s new solution addresses this gap by enabling recipients to spend rewards across a wide range of categories, making the offering more practical and accessible.
The Mintpay voucher ecosystem spans over 25 categories, including fashion, dining, groceries, electronics, travel, wellness, and essential services. This broad acceptance network strengthens its appeal within the corporate gifting Sri Lanka space, where companies are seeking scalable and meaningful reward mechanisms that resonate with employees’ everyday needs.
A key differentiator of the solution lies in its no-expiry feature. Unlike traditional vouchers that often lapse before being fully utilised, Mintpay Vouchers can be converted into Mint Coins, the platform’s digital rewards currency. With a conversion rate of one Mint Coin to one Sri Lankan rupee, users can retain value indefinitely and redeem balances either partially or fully across multiple merchants.
This structure not only enhances flexibility but also improves perceived value. Each transaction made using Mintpay Vouchers generates cashback in Mint Coins, effectively increasing the overall reward pool available to users. Additionally, if a purchase exceeds the available voucher balance, employees have the option to complete payments through Mintpay’s Pay Now or Pay Later services, further integrating the vouchers into a broader digital payments ecosystem.
From an organisational perspective, the Corporate Gifting Portal offers a streamlined approach to reward distribution. Companies can issue vouchers—either digital or physical—within seconds, significantly reducing administrative overhead. The platform also allows for customisation, enabling businesses to incorporate branding elements and personalised messages, while scheduling rewards for specific occasions such as Avurudu celebrations, birthdays, or performance incentives.
Within six months of its rollout, the solution has already gained traction among over 50 companies, including Circles Life, Union Assurance, and eChannelling. These organisations have integrated Mintpay Vouchers into their employee engagement frameworks, reflecting broader adoption trends within the Sri Lanka fintech ecosystem.
Commenting on the launch, Mintpay Co-founder and CEO Kukaraj Tharmasegaram highlighted the shift in employee expectations. He noted that modern employees increasingly prioritise choice, flexibility, and convenience when it comes to rewards. The company’s vision, he said, is to transition corporate gifting away from restrictive, single-use formats toward a more open and versatile digital rewards system.
Founded in 2020, Mintpay initially gained recognition as Sri Lanka’s first Buy Now, Pay Later platform. Since then, it has expanded its offerings to include Pay Now services alongside its evolving rewards ecosystem, positioning itself as a comprehensive player within the country’s digital payments landscape.
The introduction of no-expiry corporate vouchers marks a strategic extension of this ecosystem, aligning with global trends where digital wallets and reward platforms are becoming central to financial engagement. By integrating vouchers, cashback, and flexible payment options into a unified platform, Mintpay is effectively creating a multi-layered value proposition for both employers and employees.
Industry analysts suggest that solutions like these could play a critical role in reshaping corporate gifting Sri Lanka practices, particularly as organisations compete to attract and retain skilled talent. The ability to offer personalised, usable, and enduring rewards is increasingly seen as a differentiator in employee engagement strategies.
With its latest launch, Mintpay reinforces its position within the Sri Lanka fintech sector, demonstrating how technology-driven solutions can address practical business challenges while enhancing user experience. As adoption grows, the model could set new benchmarks for how companies approach employee recognition in a rapidly digitising economy.