WorldRemit To Launch Mobile Money Transfers in Sri Lanka

WorldRemit To Launch Mobile Money Transfers in Sri Lanka
24.07.2015 01:00 am

WorldRemit To Launch Mobile Money Transfers in Sri Lanka

Payments

WorldRemit, the ‘WhatsApp of money’, today launches instant Mobile Money transfers to Sri Lanka.

Customers in 50 countries can now send money direct to eZ Cash mobile wallets – just like an instant message. 

WorldRemit’s ground breaking mobile-to-mobile remittance service already enables people to send funds straight to Mobile Money wallets in countries across Africa, Asia and Oceania. Now customers can send instant, low-cost money transfers direct to the mobiles of family and friends in Sri Lanka.

eZ Cash is currently available to Dialog, Etisalat and Hutch subscribers, totalling 14 million people. Sri Lankans, even those without bank accounts, can use eZ Cash to send money to friends, pay water and electricity bills, shop for goods at physical merchants and online, and even pay for health or life insurance premiums. 

It is estimated that there are around three million Sri Lankans living abroad. Remittances to Sri Lanka contributed $7.036bn to the Sri Lankan economy in 2014 – nearly 10% of total GDP – according to the World Bank. 

Alix Murphy, senior mobile analyst at WorldRemit comments: “We already offer mobile-to-mobile money transfers for countries as far flung as Ghana, Indonesia and Fiji. We’re delighted to roll out the same service to Sri Lanka – quick and convenient transfers that can be sent just like an instant message.” 

In early 2015 WorldRemit received a $100m funding round led by Technology Crossover Ventures.

Related News

Payment HSM as a Service is now available with direct integration to Microsoft Azure

Today MYHSM, a payments HSM Service provider, announced that customers of the Microsoft Azure platform can now access the MYHSM fully managed, PCI compliant,... Read more »

Hello, Intruder

Start-up PSP targeting Generation Z streamers, bloggers and influencers

Intruder, a new payments services provider (PSP) targeting Generation Z... Read more »

FIME qualified to support EMV®* 3DS adoption to meet SCA

FIME’s Test Platform has been qualified... Read more »

Judopay and Thyngs enable hospitality businesses to offer touch-free cashless payments

Judopay, a leading mobile-first payments provider, today announced that it has partnered with ... Read more »

AMK Partners with EMQ to Bolster Cross-Border Money Transfers Across Asia

AMK, the provider of microfinance services in Cambodia, and EMQ, a global financial settlement network, have teamed up to facilitate cross-border money transfer across... Read more »

Introducing MultiPay by PayPoint

The market-leading omnichannel one-stop-shop for digital payment solutions for the banking sector

Over the last decade, many of the UK’s businesses have... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel