Dialog Axiata's Mobile Money Service, another milestone

Marking another milestone in local mobile money technology, Dialog Axiata on Wednesday launched the country's first Mobile Money Service after being awarded a licence under the aegis of the Payments and Settlements Act No 28 of 2005. Dialog is the first operator to be licensed by Central Bank of Sri Lanka to make mobile payments.

The mobile Money Service was launched under the brand name of eZ Cash and this will enable the 7.5 million dialog customers to maintain a mobile money account in their mobile phones.

Custodial Banking services for this service will be provided by Hatton National Bank PLC.

"Mobile Money technology will transform the way we transact cash and will enable electronic money interchange and electronic payments to be brought within the reach of every Sri Lankan citizen," Dialog Axiata Group Chief Executive Officer Hans Wijayasuriya said.

"Customers will be able to pay utility bills or to buy goods and services online across the shops across the island using their eZ Cash mobile money account.

Customers without credit card or bank accounts will now have the opportunity to make electronic transactions through the newly introduced service and to load cash from 10,000 outlets across Sri Lanka to their 'eZ Cash' branded mobile account or transfer money from an internet banking account and each electronic transaction has been protected through a Personal Identification Number (PIN), Dialog's e-commerce Service Head Fariq Cader said.