Recognising the efforts in transforming Sri Lanka’s mobile financial services, SLT-
MOBITEL’s mCash was awarded the prestigious ‘Outstanding Innovations in Digital
Payments & Collections in Sri Lanka’ award, at an event held at Hilton Colombo recently.
Organised by the Asian Fintech Academy (AFTA), the recognition is part of mCash’s
exceptional contributions to the digital payments and collections landscape in Sri Lanka,
paving way for businesses and retail sector reap benefits of cutting-edge digital payment
solutions.
The award ceremony was graced by the presence of esteemed guests, including Central
bank Assistant Governor Ananda Jayalath, Central Bank former Assistant Governor Dr. D.
Kumaratunge, PhD, Fintech Association of Sri Lanka (FASL) Senior Adviser Dr. Tissa
Jayaweera, PhD, and FASL President Rajkumar Kanagasingam & Joseph Joshy (CTO at
the International Financial Services Centres Authority (IFSCA), India) , as well as prominent
representatives from leading financial institutions, telecommunications companies, and
fintech organisations in Sri Lanka.
As a leading mobile financial service provider in Sri Lanka, mCash continues to achieve
remarkable success in the collection management sector, with the business experiencing
unparalleled growth in terms of revenue and an ever-growing customer base & mCash
enabled network. With success that is deep rooted in the company’s commitment to
providing industry leading services to customers and business partners, mCash’s efforts to
promote digital payments and collections throughout the country shines through accolades
such as this.
The Asian Digital Finance Awards was presented by Asian FinTech Academy with the
support of several finance, fintech and blockchain institutions. AFTA is affiliated with
Colorado, USA based International Board of Standards (IBS), a certifying body which
operates in over 40 nations worldwide. The IBS owns the certifications and trademarks
conferred by the Global Academy of Finance and Management (GAFM).
mCash has revolutionized the landscape of mobile financial services in Sri Lanka through its
introduction of innovative features and continuous efforts to enhance inclusivity and align
with customer lifestyles. Alongside traditional services like money transfers, mobile reloads,
and bill payments, mCash goes beyond by offering convenient options for utility, insurance,
finance, and leasing payments. A significant achievement of mCash lies in its contribution to
expanding financial inclusion and transforming the way individuals conduct transactions
through their mobile phones and the extensive mCash-enabled dealer network available to
all Sri Lankans. The past few years have witnessed remarkable growth for mCash, with a
substantial and ever-expanding customer base & retailer network that spans across the
entire country.
Furthermore, mCash enables online and in-store shopping payments via QR code including
Railway Seat Reservation, Doctor Channelling & Highway Payments, bank deposits, and
digital loans, where customers can apply and get a loan from their mobile via mCash. With
these diverse offerings and cutting-edge solutions, mCash is paving the way for a cashless
future in Sri Lanka.
Joseph Joshy (CTO at the International Financial Services Centres
Authority (IFSCA), India), Rajkumar Kanagasingam- FASL President, Yathushan Selvaraja –
Assiatam Manager (SLT-Mobitel), Ananda Jayalath- Assistant Governor Central Bank of Sri
Lanka , Dr. Tissa Jayaweera Senior Adviser Fintech Association of Sri Lanka , Dr. D.
Kumaratunge – CBSL former Assistant Governor