SLT-MOBITEL’s mCash recognised for Outstanding innovations in Digital Payments at Asian Fintech Academy Awards
25th April 2023, Colombo: 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. 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 transformed the mobile financial service concept in Sri Lanka by introducing innovative features and constantly creating ways in which mCash can be more inclusive and adapted to customer lifestyles. In addition to services such as sending and receiving money, mobile reloads, and bill payments, mCash also offers utility, insurance, finance, and leasing payments. One of the key achievements of mCash is extending financial inclusion and redefining the way consumers carry out transactions with the use of a mobile phone. Over the last few years, mCash has experienced immense growth, with a large clientele and growing customer base that continues to expand countrywide.
Furthermore, mCash enables online and in-store shopping payments via QR code including Railway Seat Reservation, Doctor Channeling & 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.
Caption for the photo – 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