The payment backbone of the OREL ecosystem. A professional virtual wallet and QR payment solution designed to process LKR 315M+ in Year 1 transactions across 120+ vending machines and 5 charging stations.
OREL Tap serves as the payment infrastructure layer for the entire OREL Innovation ecosystem. With 120 vending machines and 5 EV charging stations processing payments, we're building a scaled digital wallet that reduces transaction costs while creating a sticky customer experience.
At scale (120 machines + 5 stations), OREL Tap saves the ecosystem LKR 5.6M annually in payment processing fees while generating its own revenue stream. This dual value makes it a critical infrastructure investment, not just a product.
Ecosystem Volume: LKR 285M → LKR 750M (163% growth) • OREL Tap Adoption: 60% → 75%
| Feature | Description | Technical Complexity |
|---|---|---|
| User Registration | Phone number + OTP verification, KYC lite | Medium |
| Wallet Top-Up | Bank card via PayHere integration | Medium |
| QR Payment | Scan merchant QR, instant deduction | High |
| Transaction History | Real-time view of all transactions with filters | Low |
| Vending Integration | Direct API integration with vending machines | High |
| Charging Integration | Pay for EV charging via app | Medium |
| Push Notifications | Transaction alerts, low balance warnings | Low |
| Balance Dashboard | Real-time wallet balance, spending analytics | Medium |
| Function | Handled By | Cost/Fee |
|---|---|---|
| Bank card processing | PayHere | 2.8% per top-up |
| Regulatory compliance (CBSL) | PayHere (licensed entity) | Included |
| Fraud detection & chargebacks | PayHere | Included |
| Bank settlement | PayHere | Included |
| Wallet management & QR payments | OREL (In-house) | 1.2% to OREL |
| Vending/Charging integration | OREL (In-house) | No extra cost |
| Transaction analytics | OREL (In-house) | No extra cost |
Why Partner with PayHere? Building a fully licensed payment processor requires CBSL approval (6-12 months) and significant compliance overhead. PayHere handles the regulated parts (bank cards, compliance) while OREL owns the customer relationship and ecosystem integration.
| Component | Timeline | Cost (LKR) | Notes |
|---|---|---|---|
| Mobile App Development | 8 weeks | 1,500,000 | Professional React Native, iOS + Android |
| Backend API & Wallet System | 6 weeks | 1,000,000 | Node.js, PostgreSQL, secure wallet logic |
| PayHere Integration | 3 weeks | 300,000 | Payment gateway, webhooks, testing |
| QR System Development | 2 weeks | 200,000 | QR generation, scanning, validation |
| Vending Machine Integration | 3 weeks | 250,000 | API integration with vending backend |
| Charging Station Integration | 2 weeks | 150,000 | EV charging payment integration |
| Security & Compliance | 2 weeks | 200,000 | Encryption, penetration testing, audits |
| UI/UX Design | 3 weeks | 300,000 | Professional app design, user testing |
| Testing & QA | 3 weeks | 200,000 | Comprehensive testing, bug fixes |
| Marketing & Launch | - | 200,000 | App store assets, launch campaign |
| TOTAL DEVELOPMENT INVESTMENT | 3,500,000 | - | |
| Item | Monthly Cost (LKR) | Annual Cost (LKR) |
|---|---|---|
| Cloud Hosting (AWS) | 35,000 | 420,000 |
| Database (managed PostgreSQL) | 25,000 | 300,000 |
| SMS/OTP Services | 20,000 | 240,000 |
| PayHere monthly fee | 10,000 | 120,000 |
| App Store fees (Apple + Google) | 8,000 | 96,000 |
| Security monitoring & backups | 15,000 | 180,000 |
| Customer support tools | 7,000 | 84,000 |
| Total Monthly Operating Cost | 120,000 | 1,440,000 |
| Revenue/Cost Item | Amount (LKR) |
|---|---|
| Transaction Fee Revenue (1.2%) | 2,052,000 |
| Withdrawal Fees (avg 150 withdrawals/month) | 90,000 |
| NFC Card Issuance (500 cards @ LKR 500) | 250,000 |
| Total Revenue | 2,392,000 |
| Development Cost (amortized) | -3,500,000 |
| Operating Costs (12 months) | -1,440,000 |
| Net Profit/Loss (Year 1) | -2,548,000 |
| + Ecosystem Savings | +2,736,000 |
| Net Value Created | +188,000 |
| Metric | Year 2 |
|---|---|
| Transaction Volume | LKR 750,000,000 |
| OREL Tap Adoption | 75% (LKR 562.5M) |
| Transaction Revenue (1.2%) | LKR 6,750,000 |
| Withdrawal Fees | LKR 240,000 |
| NFC Cards (2,000 issued) | LKR 1,000,000 |
| External Merchant Processing | LKR 900,000 |
| Total Year 2 Revenue | LKR 8,890,000 |
| Operating Costs | -LKR 2,160,000 |
| Development (Phase 2 features) | -LKR 1,000,000 |
| Year 2 Net Profit | LKR 5,730,000 |
Track the development investment and gradual revenue ramp-up month-by-month:
💡 Strategic Note: Year 1 shows a net loss of LKR 2.5M, but when combined with ecosystem savings of LKR 2.7M, OREL Tap creates positive value from day one. Year 2 becomes significantly profitable at LKR 5.7M+.
Adjust transaction volume and adoption rate to see impact on profitability:
| Timeline | Active Users | Monthly Transactions | Avg. Transaction Value |
|---|---|---|---|
| Month 3 (Launch) | 1,200 | 4,800 | LKR 250 |
| Month 6 | 4,500 | 18,000 | LKR 260 |
| Month 12 | 10,000 | 50,000 | LKR 280 |
| Year 2 End | 28,000 | 180,000 | LKR 300 |
Strategic Recommendation: OREL Tap should be viewed as critical infrastructure, not a standalone profit center. Its value comes from reducing ecosystem costs (LKR 2.7M saved Year 1) and creating customer stickiness across all OREL products. Direct profitability becomes significant in Year 2 (LKR 5.7M+).