Connect with us

Business

SLT-MOBITEL’s mCash partners with Union Bank to offer enhanced banking convenience

Published

on

Strengthening its commitment towards enhanced customer reach and digital transformation, Union Bank recently entered into an agreement with National ICT Solutions Provider SLT-MOBITEL to bring greater banking convenience to its customers through Agent Banking services via SLT-MOBITEL mCash- the innovative mobile money platform/wallet conceptualized by SLT-MOBITEL and approved by the Central Bank of Sri Lanka.

Union Bank is the first commercial bank to partner with a telco to go beyond the conventional brick and mortar mode of banking to leverage the benefits of digitalization through an authorized agent network. Union Bank’s agent banking service will be offered island-wide through the reputed SLT-MOBITEL mCash authorized retailer network and will provide customers a highly secure platform for banking services close to home which goes beyond traditional banking hours. SLT-MOBITEL mCash authorized retailer network will facilitate banking services for Union Bank customers at all SLT-MOBITEL and Singer Mega branches island-wide with more approved retailers to be added in the future with focus on health guidelines in place.

Chandika Vitharena, Chief Executive Officer of Mobitel (Pvt) Ltd. stated that “We are pleased to partner Union Bank to empower their customers, paving the way for cashless transactions via SLT-MOBITEL mCash. As the National ICT solutions provider, we designed mCash with customer centricity in mind and as the country embraces digital transformation, we thrive to raise the digital payment standards with mCash by setting new heights thus helping to Fastrack the nation’s digital drive.”

Union Bank agent banking service is a simple process with no prior registration required. The service offers boundless convenience to customers by facilitating a selected range of banking transactions, which includes deposits to Union Bank savings accounts, Union Bank credit cards payments and Union Bank loan payments.

Signing the milestone agreement, Indrajit Wickramasinghe, Director/Chief Executive Officer of Union Bank stated that “We are proud to partner with SLT-MOBITEL mCash for this significant initiative for greater financial inclusion. This collaboration will take digitalization in the banking sphere to new heights and the partnership further fortifies Union Bank’s strong commitment towards providing continuous enhancements for a convenient and secure banking experience.

SLT-MOBITEL’s mCash has redefined the way consumers carry out transactions with the use of a mobile phone. mCash has experienced immense growth over the last few years with a large clientele and growing customer base that continues to expand countrywide. SLT-MOBITEL’s mCash has transformed the mobile money concept in Sri Lanka by introducing innovative features, and constantly creating ways in which mCash can be more inclusive and adapted to customer lifestyles. mCash offers services such as Sending & Receiving Money, Mobile Reloads & Bill Payments, Utility, Insurance, Finance & Leasing payments, Online, In-store Shopping Payments via QR which has been developed to LankaQR standards of Central Bank of Sri Lanka, Bank Deposits, Loan & Credit card repayments and Digital Loans where Customer could apply & get a Loan from the mobile via mCash. SLT-MOBITEL’s mCash retailer network includes small corner shops to leading retail outlets adding up to 25,000+ retailer network / touch points island-wide including Mobitel Branches, SLT Teleshops, 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 supported by the strength of the global investment firm TPG. With a solid foundation etched with financial stability and international know-how, Union Bank is amongst the highest capitalized private commercial banks in Sri Lanka, offering a full range of products and services to Retail, SME and Corporate segments.



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Wing Commander (Retd.) D. Pradeep S. Kannangara elected president, Industrial Security Foundation

Published

on

The Industrial Security Foundation (ISF) which acts as the sole organization in Sri Lanka to represent the Private Security industry having incorporated by an Act passed in the Parliament, Act No. 51 of 1999, elected Wing Commander (Retd.) Pradeep Kannangara as its President for the years 2022/2023 at its 30th annual General Meeting which was held at the PIM Auditorium in Borella. Wing Commander Pradeep Kannangara was appointed President while 14 other members were appointed to the Executive Committee, strengthening the ISF in order to drive and uplift the standards of the private security industry in Sri Lanka.

He has served on the ExCo consecutively since 2012 under four different presidents where he held the positions of Senior Vice President during the last three consecutive years. He has also been a committed member of the ISF and was awarded prestigious coveted FISF title due to his many valuable contributions to the organization and the Private Security Industry in Sri Lanka in 2012.

Wing Commander Kannangara’s journey into private security began after a successful career in the Sri Lanka Air Force for over 24 years where he served in many capacities finally being the Officer Commanding of the Special Air Borne Force. A recipient of the Ranasura Padakkama (RSP) Gallantry award for his bravery, sacrifices and service to the nation by the President of the Socialist Republic of Sri Lanka in 1990. He holds a Master’s in business management from the Edith Cowan University, Perth, Australia too and serves as a Board Director in AB Securitas (Private) Limited in Sri Lanka and AB Securitas Bangladesh Limited.

Continue Reading

Business

Kitchen & Bedroom reaffirms its partnership with Häfele Sri Lanka

Published

on

(L-R) Pawan Singh- General Manager Sales & Marketing at Hafele Sri Lanka, Jurgen Wolf- Managing Director Hafele South Asia, Dr. Sacquaff- Group CEO Kitchen & Bedroom, and Manish Mahajan, Director Sales Hafele South Asia

Kitchen & Bedroom, a name synonymous in the interior designing and furniture sector in the country recently celebrated its long-standing partnership with Häfele Sri Lanka during the latter’s 12th year anniversary celebratory event, reaffirming its ambitious plans to further strengthen and explore the numerous opportunities available here.

Häfele Sri Lanka, part of Häfele India which is a wholly owned subsidiary of the Hafele Global network, is a technology partner for various projects and initiatives of Kitchen & Bedroom. Both the companies operate in the interior design space, sharing their cumulative knowledge and expertise to provide extensive and personalized solutions catering to domestic requirements.

‘We take great pride in our association with Häfele Sri Lanka having exchanged and collaborated on many projects both commercial and household. We share similar values such as providing high quality, sustainable, functional and customized solutions to our customers, and most importantly to guide them through every aspect and step of the project and how best we could bring out their desired design,’ said Dr. Sacquaff, Kitchen & Bedroom Group CEO.

Continue Reading

Business

DSI strengthens its islandwide presence with three new showrooms

Published

on

Amid the prevailing economic hardships faced by Sri Lanka, Sri Lanka’s premier footwear brand DSI recently expanded its islandwide presence in the country with the opening of three new showrooms in Kahawatta, Akuressa, and Chavakachcheri, with the aim of offering greater access to its diversified product range to a wider customer base.

Gracing the special occasion, the showrooms were declared open by D. Samson & Sons (Pvt.) Ltd. Managing Director Thusitha Rajapaksa, in the presence of Director Asanka Rajapaksa, General Manager Pradeep Samarathunga, National Sales Manager – Retail Sales Naleen Weerawardana, invitees, and well-wishers.

Speaking at the opening ceremony, Thusitha Rajapaksa stated: “We are excited about expanding DSI wings to three new locations. Despite the ongoing economic conditions of the country, we took a call to take a proactive measure to expand our islandwide presence. While it has been a challenge, the commitment and hard work of our team has made it possible to serve our loyal customers better, and we are confident that we will be able to continue these efforts in the future as well.”

DSI is renowned for its well-trained staff who offer exceptional customer service. The three new DSI showrooms prioritize providing a unique service and customer support to make purchasing further convenient for the customer.

Continue Reading

Trending