Hutch joins eZ Cash
Sri Lanka's largest mobile money network connects 14 million Sri Lankans
Hutchison Telecommunications (Hutch) joined Dialog Axiata and Etisalat Lanka on Sri Lanka's pioneering mobile money network, eZ Cash, the world's first end to end inter-operable mobile money service.
The eZ Cash platform supporting Dialog, Etisalat and Hutch mobile users, will empower over 14 million customers who can now send and receive money to each other, and transact at a portfolio of over 16,000 eZ Cash merchants and over 100 online/web merchants. The entry of Hutch subscribers in to the eZ Cash Network is approved and endorsed by the Central Bank of Sri Lanka.
"We are delighted to welcome Hutch customers on board eZ Cash. We take pride in the fact that Sri Lanka’s mobile telecommunication sector has set a global benchmark in terms of mobile money inter-operability with the customers of three mobile networks enjoying seamless access to an advanced portfolio of mobile payment facilities. A mobile payment network which connects over 14 million citizens and an expansive eco-system of merchants and partners will continue to open new vistas for financial inclusion in Sri Lanka" said Dr. Hans Wijayasuriya, Group Chief Executive of Dialog Axiata PLC on the occasion of the launch of eZ Cash services on the Hutch Network.
"We are excited to join the eZ Cash mobile money platform that will give all Hutch customers easy access to a wide range of eZ Cash services and money interchange capability to over 14 Million mobile subscribers, facilitating a more convenient way to send and receive money to loved ones and pay for utilities and goods and services. This important industry collaboration on a common platform will further encourage and facilitate the rapid growth of e-Commerce in Sri Lanka," explains Hutchison Telecom Lanka CEO Thirukumar Nadarasa.
Dialog launched eZ Cash, Sri Lanka's first mobile money service in June 2012 under the aegis of the Payments and Settlements Act No. 28 of 2005. Custodial Banking Services for eZ Cash are provided by Hatton National Bank PLC, and further secured by a trust agreement administered by Deutsche Bank AG.
