SLT-MOBITEL mCash celebrates 12 years of transforming digital payments Landscape in Sri Lanka

SLT-MOBITEL mCash, Sri Lanka’s pioneering mobile money platform, proudly celebrates its 12th anniversary, over a decade of innovation, trust, and leadership in the nation’s digital payments landscape.  

Launched in 2013, mCash has grown into a market leader, transforming Sri Lanka’s mobile money landscape with its extensive network of bill payment and channel partners.

Today, mCash powers both B2C and B2B financial ecosystems, serving millions of customers and enabling businesses across utilities, insurance, finance, leasing, banking, transport, and logistics. With more than 30,000 channel touchpoints islandwide and 100+ business partners, mCash has become a vital backbone for digital transactions in the country.  

Moreover, by driving financial inclusion and continuous innovation for over 12 years, mCash has grown into a trusted mobile money-based payment platform that supports millions of transactions each year. It has evolved into a key enabler of digital payments in Sri Lanka, delivering steady year-on-year growth and empowering customers and businesses alike.

Isuru Dissanayake, Senior General Manager, Product Marketing, Mobitel and Chief Commercial Officer at eChannelling PLC said, “For 12 years, mCash has been at the forefront of Sri Lanka’s digital payments journey. Our 12th anniversary celebrates mCash’s achievements and reiterates the vision to empower communities, businesses, and the nation through secure, inclusive, and innovative financial solutions.”  

mCash’s portfolio is diverse ranging from mobile money wallets, bill payment aggregator solutions, collection management services, LankaQR acceptance, inward remittances, agency banking, and value-added services such as agent solution, and co-branded products. In extending low-cost financial infrastructure to MSMEs and underserved communities, mCash continues to champion financial inclusion and accessibility.  

mCash has received multiple recognitions and achievements during the last decade. In 2023, mCash was awarded for Outstanding Innovations in Digital Payments & Collections in Sri Lanka by the Asian Fintech Academy Awards, and in 2019 received the Silver Award at the LankaPay Technovation Awards for being the Most Popular FinTech App.  That same year, mCash achieved Gold Award for ‘Online Brand of the Year’ at the prestigious SLIM Brand Excellence Awards. Earlier, in 2017, mCash was recognized with the Silver Award for ‘Online Brand of the Year’ at the SLIM Brand Excellence Awards. 

Beyond these landmark achievements, mCash has also been acknowledged as the 3rd most loved FinTech Brand in Sri Lanka in 2022 by Brand Finance & LMD and received the International Business Magazine Award in 2018 for the Most Innovative Digital Financing Product.  

Envisioning the future, as mCash celebrates the milestone, the brand reaffirms its commitment to advancing Sri Lanka’s digital economy. Future plans include expanding B2B solutions, strengthening partnerships with financial institutions, and introducing next generation fintech innovations to meet the evolving needs of businesses and consumers.

For more information, visit www.sltmobitel.lk/mcash