The mCash partner of SLT-Mobitel Union Bank
Union Bank recently entered into an agreement with SLT-Mobitel to bring greater banking convenience to customers through agent banking through SLT-Mobitel mCash – the innovative mobile money platform/wallet conceptualized by SLT-Mobitel and endorsed by the Central Bank of Sri Lanka.
Union Bank’s agent banking service will be offered island-wide through the reputable SLT-Mobitel mCash authorized retailer network and will provide customers with a highly secure platform for banking services close to home, beyond beyond traditional opening hours.
The SLT-Mobitel mCash Authorized Retailer Network will facilitate banking services for Union Bank customers at all SLT-Mobitel and Singer Mega branches on the island, with more Authorized Retailers to be added in the future. emphasizing the health guidelines in place.
Mobitel (Pvt) Ltd. CEO Chandika Vitarena said, “We are delighted to partner with Union Bank to empower their customers to pave the way for cashless transactions through SLT-Mobitel mCash. As a national ICT solution provider, we designed mCash with customer centricity in mind and as the country embraces digital transformation, we strive to elevate the standards of digital payment with mCash by setting new heights, thus contributing to accelerating the digital dynamic of the country.
Union Bank’s agent banking service is a simple process with no prior registration required. The service provides convenience to customers by facilitating a select range of banking transactions, which includes Union Bank savings account deposits, Union Bank credit card payments and Union Bank loan payments. Union Bank.
Union Bank Director and CEO Indrajit Wickramasinghe said, “We are proud to partner with SLT-Mobitel mCash on this important initiative for greater financial inclusion. This collaboration will take digitalization in banking to new heights and the partnership further reinforces Union Bank’s strong commitment to providing continuous improvements for a convenient and secure banking experience.
SLT-Mobitel’s mCash has redefined the way consumers transact with the use of a mobile phone. mCash has seen immense growth over the past few years with a large and growing customer base that continues to expand across the country.
mCash has transformed the concept of mobile money in Sri Lanka by introducing innovative features and constantly creating ways in which mCash can be more inclusive and relevant to customer lifestyles. mCash offers services such as sending and receiving money, mobile recharges and bill payments, utility, insurance, finance and leasing payments, online shopping payments and in-store via QR which has been developed under Central Bank of Sri Lanka’s LankaQR standards, bank deposits, loan and credit card repayments and digital lending where the customer can apply for and obtain a loan from the mobile through mCash.
SLT-Mobitel’s mCash retailer network ranges from small corner stores to top tier outlets, totaling over 25,000 retailer networks and touchpoints island-wide, including Mobitel branches , SLT teleboutiques, Singer showrooms, Lanka Bell, Pay & Go kiosks or top up mCash directly from the mCash App.
Union Bank is one of the fastest growing banks with 25 years of service and backed by the strength of global investment firm TPG.
With a solid foundation marked by financial stability and international know-how, Union Bank is one of the most capitalized private commercial banks in Sri Lanka, offering a comprehensive range of products and services to the Retail, SME and Corporate segments.