UK-based WorldRemit launches mobile money transfer in Sri Lanka

moneyLondon-based money transfer business WorldRemit has launched instant mobile money transfers to Sri Lanka for the first time.

The eZ Cash service is currently available to Dialog, Etisalat and Hutch subscribers, totaling 14 million people, according to a compnay media release.

WorldRemit will enable customers to send instant, low-cost money transfers direct to the mobiles of family and friends in Sri Lanka, the press release stated further.

The eZ Cash facility can also be used to transfer funds to friends, pay water and electricity bills, shop for goods at physical merchants and online, and even pay health or life insurance premiums.

WorldRemit noted that there are an estimated three million Sri Lankans living abroad and their remittances contributed USD 7.036 billion to the Sri Lankan economy in 2014, nearly 10 per cent of total GDP, according to the World Bank.

“We already offer mobile-to-mobile money transfers for countries as far flung as Ghana, Indonesia and Fiji,” the Colombo Page web site quoted Alix Murphy, a senior mobile analyst at WorldRemit, as saying.

WorldRemit operates across Africa, Asia and Oceania, and consumers in 50 countries can now transfer funds directly to eZ Cash mobile wallets.(Economic Times)

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