SLT-MOBITEL mCash partners ‘Lanka Remit’ to offer safe and low-cost remittance channel

SLT-MOBITEL’s mobile money platform, mCash takes another step
forward in widening its service portfolio by partnering with ‘Lanka Remit’, the national remittance app
launched in a ground-breaking initiative to offer Sri Lankan citizens overseas, a new safe and low-cost
remittance channel.
Developed and introduced by Lanka Clear (Pvt) Ltd, the National Remittance Mobile Application ‘Lanka
Remit’ was launched on February 8th, 2022 at the Central Bank of Sri Lanka. The event was graced by
chief guest Minister of Youth and Sports, Minister of Development Co-ordination and Monitoring, and
State Minister of Digital Technology and Enterprise Development Namal Rajapaksa, Central Bank
Governor Mr. Ajith Nivard Cabraal together with senior officials from Central bank of Sri Lanka and
Partner institutions. SLT-MOBITEL mCash is proudly among the first partners of this national initiative,
helping the nation’s progress in the journey towards digitalization. “Lanka Remit” aims to facilitate the
timely requirement of enhancing inward remittances to Sri Lanka and inaugurating a remittance corridor
that is digital, affordable and convenient for all.
Through a core proposition of driving innovation and improving customer experience, SLT-MOBITEL’s
mCash has transformed the mobile money concept in Sri Lanka by introducing trailblazing features,
constantly creating ways in which mCash can be more inclusive and adapted to customer lifestyles.
Services offered by mCash include sending and receiving money, mobile reloads and fixed bill payments,
utility, insurance, finance and leasing payments, online and in-store shopping payments including
LANKAQR and Agency banking services among many others.
The ‘Lanka Remit’ mobile app is equipped with features such as self-registration, links to global money
transfer operators and global fin-tech giants to facilitate inward remittances from any country, instant
fund transfers to any bank account or mobile wallet in Sri Lanka. Additional value-added services offered
by app includes direct bill payments, attractive foreign exchange rates and low transaction fees, and
real-time updates on inward remittances displaying processing stages.

Chief Marketing Officer of Mobitel (Pvt) Ltd. Mr. Shashika Senarath receiving the token of appreciation
from Hon. Minister Namal Rajapaksa. Also in the picture, Mr. Ajith Nivard Cabraal – Governor of
Central Bank, Mrs. Yvette Fernando – Deputy Governor, Central Bank, Dr. Kenneth De Zilwa – Chairman,
Lanka Clear (Pvt) Ltd, Mr. Dharmasri Kumaratunge – Assistant Governor Payments and Settlements
Department, Central Bank.
Group Photo of Senior officials from partner Banks, Financial Institutions and Telcos together
with Government officials and chief guest.

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