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FinTech Hive introduces Moneta ‘Lifestyle App’ in Sri Lanka

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FinTech Hive, a homegrown start-up company founded through PickMe’s incubation programme, introduced their tech-enabled, futuristic and secure financial assistance platform ‘Moneta’ to the Sri Lankan market recently.

Moneta is an on-demand, versatile personal financial assistance ‘Lifestyle App’ which enables discerning users make prudent financial decisions with regard to saving and spending. Moneta is working with Sri Lanka’s leading Banks to provide fast, reliable and secure services to fulfill customers’ emergency financial requirements at any given time. Customers can choose a flexible repayment method based on their preference and at their convenience. Interested individuals can access Moneta Service by downloading the Moneta App from Google Playstore.

Ideally positioned to cater to young working executives, Moneta’s brand-promise is aptly titled ‘Life beyond Limits’.

“Moneta works with three pillars: Speed, Innovation, and Positive Social Impact. Our innovative solution allows customers to enjoy fast and personalized services. As a truly Sri Lankan brand, we strive to create a positive social impact on the lives of Sri Lankans. Moneta is a personal friend to young executives, enabling them to cherish life’s finer things,” commented Shayanthan Kanaganayagham, Founder & CEO of Moneta.

Moneta provides young executives the opportunity to enjoy a comfortable, appealing social lifestyle with access to credit on-demand.

Customers can access Moneta Lifestyle as soon as they register with Moneta by providing their name and mobile number. Anyone can use the Moneta lifestyle services whileMoneta Premium service is currently only available to salaried employees.

Moneta Premium Service allows fulltime,salaried employees to access on-demand credit facility up to LKR 100,000 through MoCredit and MoEMI (Equally divided Monthly Installment) based on their credit worthiness.

To access Moneta Premium service, customers need to provide proof-of-identity, home address and proof-of-employment. But this process merely takes 5 minutes of their time. Once Moneta Premium is enabled, customers can make use of the on-demand credit facility in MoCreditforutility bill payments and enjoy access to personalised instant loans.

 



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Business

President outlines a bold vision for Sri Lanka tourism at THASL’s 58th AGM

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Addressing the 58th Annual General Meeting of The Hotels Association of Sri Lanka (THASL) held on Monday (27) at Shangri-La Hotel, Colombo, President Ranil Wickremesinghe outlined a comprehensive strategy to propel the country’s tourism sector to new heights. Focused on surpassing the target of 5 million tourists and redefining traditional approaches, the President’s vision extends to achieving 7.5 million visitors in the coming years. The President emphasized the need for innovative thinking and collaboration within the industry to ensure sustainable growth.

“When I took over the government, I realized that sustainability alone is not sufficient. How are we going to earn foreign exchange? How are we going to have a positive balance of trade? In that, there were many suggestions. But what is the low-hanging fruit? And one of the low-hanging fruits was tourism. Let’s promote tourism fully,” President Wickremesinghe declared.

The President acknowledged the need to move beyond the existing framework and embrace competition to elevate Sri Lanka’s standing in the global tourism market. Drawing parallels with countries like Vietnam, he questioned why they had more tourists despite being in the industry for a shorter period. President Wickremesinghe stressed the importance of increasing the number of tourists to 2.5 million in the upcoming year and subsequently expanding on this figure.

(PMD)

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Free visas for nationals of China, India, Indonesia, Russsia, Thailand, Malaysia and Japan from Monday (27)

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The Controller General of Immigration and Emigration has stated that nationals of China, India, Indonesia, Russsia, Thailand, Malaysia and Japan will be granted free visas from Monday 27-11-2023 to 31-03-2024 as a pilot program to rebuild the tourism industry.

Nationals of the above nominated countries possessing, Diplomatic, Official, Public Affairs, Services and Ordinary Passports are eligible to enjoy a visa free regime under this scheme.

The above mentioned nationals should apply for Electronic Travel Authorization (ETA) before arriving in Sri Lanka subject to granting / issuing free of charge up to 31-03-2024.

Under this scheme tourists can enjoy a 30 days free visa period and a double entry facility is permitted within 30 days from the date of first arrival in Sri Lanka.

Free ETA under this scheme can be applied up to 31-03-2024.

The free ETA cannot be extended further and is limited only to thirty (30) days. In case the free ETA period of 30 days expires after 31-03-2024, an extension of visa could be applied subject to paying the appropriate fee.

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Sri Lanka and Saudi Arabia prioritize economic ties in apparel and tourism sectors

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The Minister of Economy and Planning for the Kingdom of Saudi Arabia. Faisal F. Alibrahim, met with President Ranil Wickremesinghe on Monday (27) at the Presidential Secretariat.

During the discussions, Minister Faisal F. Alibrahim emphasized Saudi Arabia’s keen interest in strengthening economic ties with Sri Lanka across various sectors, including apparels and tourism. He elucidated that his government was focused on expanding economic relations within the region and regarded Sri Lanka with significant importance.

President Ranil Wickremesinghe welcomed the Minister’s comments, asserting that Sri Lanka is actively promoting enhanced cooperation in Asia, including West Asia. He further highlighted that the tourism and agriculture sectors were areas open to greater investment, as the country is committed to modernizing these domains.

(PMD)

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