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.