HomeSend and Dialog Axiata inked a deal to make international remittance services available to millions of consumers across Sri Lanka. HomeSend is a joint venture between MasterCard, eServGlobal and BICS.
Dialog Axiata, Sri Lanka’s largest telecommunications provider, launched eZ Cash, which grew to become the world’s first inter-operable mobile money service with the advent of Etisalat and Hutch to the platform. eZ Cash provides a network of more than 16,000 physical transaction points in Sri Lanka and is the winner of the Mobile World Award for Best Mobile Money service at the Mobile World Congress in Spain.
The agreement will see HomeSend’s hub powering remittance services globally to send money to eZ Cash accounts. Now, 14 million customers of Dialog, Etisalat and Hutch will be able to receive money from anywhere in the world with access to the 16,000-strong eZ Cash terminals across Sri Lanka. Using the HomeSend remittance hub, WorldRemit, mHits, Azimo, PostFinance and Lycaremit will be the first partners to launch services to eZ Cash from 16 July 2015, with other partners scheduled for launch in due course.
In June 2012, eZ Cash became Sri Lanka’s first mobile money service following being awarded a license under the aegis of the Payments and Settlements Act No 28 of 2005. Custodial banking services for Sri Lanka’s pioneering mobile money service is provided by Hatton National Bank PLC (HNB).
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