diff --git a/components/mediation/data-publishers/org.wso2.micro.integrator.observability/src/main/java/org/wso2/micro/integrator/observability/metric/handler/MetricHandler.java b/components/mediation/data-publishers/org.wso2.micro.integrator.observability/src/main/java/org/wso2/micro/integrator/observability/metric/handler/MetricHandler.java
index 540d80081f..7cfccd57dd 100644
--- a/components/mediation/data-publishers/org.wso2.micro.integrator.observability/src/main/java/org/wso2/micro/integrator/observability/metric/handler/MetricHandler.java
+++ b/components/mediation/data-publishers/org.wso2.micro.integrator.observability/src/main/java/org/wso2/micro/integrator/observability/metric/handler/MetricHandler.java
@@ -17,6 +17,8 @@
  */
 package org.wso2.micro.integrator.observability.metric.handler;
 
+import java.util.ArrayList;
+import java.util.Collection;
 import org.apache.commons.lang3.StringUtils;
 import org.apache.commons.logging.Log;
 import org.apache.commons.logging.LogFactory;
@@ -309,8 +311,23 @@ private void incrementInboundEndpointErrorCount(String name) {
      * @return String The api name
      */
     private String getApiName(String contextPath, MessageContext synCtx) {
+        Collection<API> apiList = synCtx.getEnvironment().getSynapseConfiguration().getAPIs();
+        Collection<API> withVersionsApiList = new ArrayList<>();
+        Collection<API> defaultApiList = new ArrayList<>();
+        updateApiLists(apiList, withVersionsApiList, defaultApiList);
+        if (!withVersionsApiList.isEmpty()) {
+            String apiName = getResolvedApiName(contextPath, synCtx, withVersionsApiList);
+            if (apiName != null) {
+                return apiName;
+            }
+        }
+        return getResolvedApiName(contextPath, synCtx, defaultApiList);
+    }
+
+    private static String getResolvedApiName(String contextPath, MessageContext synCtx,
+                                                       Collection<API> apiList) {
         String apiName = null;
-        for (API api : synCtx.getEnvironment().getSynapseConfiguration().getAPIs()) {
+        for (API api : apiList) {
             String apiContextPath = api.getContext();
             if (StringUtils.isNotBlank(api.getVersionStrategy().getVersion())) {
                 apiContextPath = apiContextPath + "/" + api.getVersionStrategy().getVersion();
@@ -318,15 +335,23 @@ private String getApiName(String contextPath, MessageContext synCtx) {
             if (RESTUtils.matchApiPath(contextPath, apiContextPath)) {
                 apiName = api.getName();
                 synCtx.setProperty(RESTConstants.PROCESSED_API, api);
-                // Since the APIs are already sorted in descending order, we should stop at the first match with the context path.
-                // Continuing the loop could result in matching a path that only shares the same starting string.
-                // Ex: /test/ API context path will match with /test/1.0.0
                 break;
             }
         }
         return apiName;
     }
 
+    private void updateApiLists(Collection<API> apiList, Collection<API> withVersionsApiList,
+                                           Collection<API> defaultApiList) {
+        for (API api : apiList) {
+            if (StringUtils.isNotBlank(api.getVersionStrategy().getVersion())) {
+                withVersionsApiList.add(api);
+            } else {
+                defaultApiList.add(api);
+            }
+        }
+    }
+
     /**
      * Return the port the service was invoked.
      *
diff --git a/components/org.wso2.micro.integrator.initializer/src/main/java/org/wso2/micro/integrator/initializer/ServiceBusInitializer.java b/components/org.wso2.micro.integrator.initializer/src/main/java/org/wso2/micro/integrator/initializer/ServiceBusInitializer.java
index 890a4903c8..4426a4d75f 100644
--- a/components/org.wso2.micro.integrator.initializer/src/main/java/org/wso2/micro/integrator/initializer/ServiceBusInitializer.java
+++ b/components/org.wso2.micro.integrator.initializer/src/main/java/org/wso2/micro/integrator/initializer/ServiceBusInitializer.java
@@ -172,7 +172,10 @@ protected void activate(ComponentContext ctxt) {
             }
             SynapseEnvironment synapseEnvironment = contextInfo.getSynapseEnvironment();
             List handlers = synapseEnvironment.getSynapseHandlers();
-            if (System.getProperty(ServiceBusConstants.ENABLE_PROMETHEUS_API_PROPERTY) != null) {
+            String prometheusApiEnabled = System.getProperty(ServiceBusConstants.ENABLE_PROMETHEUS_API_PROPERTY);
+            if ("false".equals(prometheusApiEnabled)) {
+                handlers.remove(handlers.stream().filter(c -> c instanceof MetricHandler).findFirst().orElse(null));
+            } else if ("true".equals(prometheusApiEnabled)) {
                 if (!handlers.stream().anyMatch(c -> c instanceof MetricHandler)) {
                     handlers.add(new MetricHandler());
                 }