SLT-MOBITEL’s revolutionary mobile money platform, mCash, has joined hands with the LankaQR nationwide rollout campaign introduced by the Central Bank of Sri Lanka (CBSL) which aims to promote and popularise the digital payment method among merchants as well as customers.
Following the campaign launch in October, a follow up campaign was held in Tangalle recently, with merchants and customers drawn to the event in large numbers. The key focus of this event was to introduce LankaQR payments and educate both customers and merchants in the area on the benefits of LankaQR as a method of contactless payments.
Supporting the LankaQR drive, mCash also acquired new merchants, including Hameedia to facilitate LankaQR payments via its platform. Hameedia is a household name in Sri Lanka with an unmatched legacy of 72 years, leading and innovating in menswear brands with premium styles and quality.
The LankaQR initiative was put forward by the CBSL, to implement a national Quick Response (QR) standard to enable convenient digital transactions between customers and businesses using mobile devices by simply scanning the LankaQR code to make payments.
SLT-MOBITEL was the first telecommunications company to launch LankaQR code through its state-of-the-art mobile money platform mCash and is a testament to the company’s continuous commitment to pioneer greater convenience and novelty to the market with digital financial services. Further, mCash has been spearheading breakthrough innovations in digital payments and collections and enhancing digital inclusivity in Sri Lanka. Apart from extending financial inclusion, the fintech brand has redefined the way consumers carry out transactions with the use of a mobile phone.
mCash has experienced immense growth over the years and continues to expand island wide offering services such as sending and receiving money, mobile reloads and bill payments, utility, insurance, finance and leasing payments, online and in-store shopping payments via QR code, bank deposits and digital loans where customer could apply and get a loan from the mobile via mCash along with a portfolio of other financial solutions.
The next edition of the LankaQR Nationwide Rollout Campaigns is set to unfold in Negombo on the 18th of December on a grander scale focusing on the merchants and customers in the area.
