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World to be flush with 'Mobile Cash'

A revolutionary Lankan invention

NEW INVENTION: A revolutionary invention of Lankan origin will enter the United Kingdom consumer market allowing cash transfers from one mobile phone to another. It will be available at over 1500 retail outlets from early August.

This new concept is being developed into a virtual cash network allowing for most payments from one mobile phone and giving access to cash from the mobile phone, the inventor and patent holder of the "Mobile Cash" Process and Proprietary Software Harold Wijetunga said.

He said that this is economical than the current money transferring system in the country and will be launched in


INVENTOR: Harold Wijetunga

 Sri Lanka in the future.

This service is being expanded to allow for international transfers out of the UK to India, Sri Lanka and many more countries in the next few months, making it perhaps the first of its kind globally to allow for cash transfers from one mobile phone to another.

Wijetunga said he is in the process of negotiating with some banks in Sri Lanka to introduce this revolutionary concept especially targeting foreign employees working in the Middle-East.

According to Wijetunga the main aims of setting up "Mobile Cash' in the Middle-East is to allow Sri Lankan expatriate employees to transfer their earnings home via mobile phones and the funds being paid out in any part of Sri Lanka extended to rural areas through the banking network.

'Once this concept is introduced to Sri Lanka one could collect cash from approved retail shops in any part of Sri Lanka and those cash collection centers will be designed with a logo for the convenience of the customer and all the instructions will be provided for operators for activation with a minimum fee,' he said

The "Mobile Cash" proprietary Software has been designed, developed and deployed and integrated for Wijetunga by RISCOR Consults, a leading IT Group headed by Chris Corea a leading IT specialists who has also created "Pathfinder" a mobile phone based location tracking system in Sri Lanka.

Wijetunga who is residing in Australia will launch this concept in UK initially and this network in the UK is to be operated by 3R Telecom Limited who operate a network of 1500 POS machines across the UK in retail outlets where the sale of mobile cash will occur and pay out will also be facilitated.

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