(COLOMBO, LANKAPUVATH) –SLT-MOBITEL’s revolutionary mobile money platform, mCash, which is transforming the country’s electronic payments landscape has partnered with UnionPay International (UPI) to enhance digital enablement in Sri Lanka.
The joint endeavor will further enhance the usability of services of both mCash and UnionPay International by bringing cutting-edge technological advancements to mCash customers and mCash retail merchants island-wide.
In addition, this strategic partnership will fuel the reach of UnionPay International’s services across 25,000+ partner network of mCash by empowering them with numerous benefits that will enhance their digital capabilities to serve customers with superior access and increased convenience. As the leading mobile money platform, mCash strives to provide world-class digital services by forging strategic partnerships thus showcasing its commitment to creating a less cash economy and leading Sri Lanka towards digital inclusivity.
mCash works in partnership with leading corporates across various sectors to offer fast, secure and efficient Mobile financial services. Further, mCash facilitates a wide array of financial services such as Deposits, Withdrawals, Sending & Receiving Money, Utility & Institute bill payments, Shopping, Lanka QR payments, Online payments, Charitable donations, Digital Standing Orders and robust B2B business solutions.
Over the years, mCash has experienced immense growth within a short period of time. The large clientele and the growing customer base stands testimony to mCash’s commitment to bridging Sri Lanka’s digital divide and constantly creating ways in which mCash can be more inclusive and adapted to customer lifestyles.
UPI is a subsidiary of China UnionPay focused on the growth and support of UnionPay’s global business. In partnership with more than 2400 institutions worldwide, UPI has enabled card acceptance in 180 countries and regions with issuance in 68 countries and regions. UPI provides high quality, cost effective and secure cross-border payment services to the world’s largest cardholder base, and ensures convenient local services to a growing number of global UnionPay cardholders and merchants.