Sri Lanka M-payments Service Launched
Indian technology firm mChek has teamed up with Dialog Telekom and NDB Bank to launch the mChek/Payments m-payments service in Sri Lanka. The Sri Lanka launch follows the rollout of mChek/Payments in India by mChek and Indian wireless telco Airtel.
The mChek/Payments platform is immediately available to all customers of Dialog and NDB Bank, mChek says. The two Sri Lanka-based companies have around 3.5 million customers in total, it says. The service enables customers to use their cellphones to pay utility bills, make point-of-sale purchases, and top up mobile prepaid accounts. They can also carry out wireless banking transactions, mChek says. To use mChek/Payments, Sri Lankan customers need to install an mChek-enabled SIM card in their mobile phones. According to mChek, customers can use their mChek-enabled mobile phones to make payments to merchants who also have mChek-enabled phones. Sri Lanka has a large cash-based economy, although credit and debit card usage has slowly been rising, mChek says. In addition, there has been a dramatic increase in mobile phone usage, both in urban as well as rural markets, it says. This presents an opportunity to use mobile phones for electronic payments, the company says. Related Links
www.mchek.com/
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