SLT-MOBITEL mCash marks a major milestone this year as Sri Lanka’s pioneering mobile money platform celebrates 12 years of reshaping digital payments, strengthening financial inclusion, and enabling secure, scalable transactions across the island’s rapidly evolving digital economy.
SLT-MOBITEL mCash celebrates leadership in Sri Lanka’s digital payments evolution
SLT-MOBITEL mCash has completed 12 years of continuous operation, cementing its position as one of Sri Lanka’s most influential digital payment platforms and a cornerstone of the country’s mobile money ecosystem. Since its launch in 2013, the platform has played a central role in redefining how individuals and businesses conduct financial transactions, bridging gaps in access while accelerating the shift toward a cash-lite economy.
Over the past decade, mCash has evolved from a mobile wallet into a comprehensive digital payments infrastructure that supports both consumer and enterprise financial needs. With an extensive nationwide footprint, the platform now connects more than 30,000 channel touchpoints and over 100 business partners, enabling seamless transactions across utilities, insurance, finance, leasing, banking, transport, and logistics sectors. This scale has positioned mCash as a vital backbone of Sri Lanka’s digital commerce landscape.
The platform’s growth mirrors the broader transformation of the country’s payments ecosystem, where mobile-first solutions have become essential for efficiency, transparency, and accessibility. By supporting millions of transactions annually, SLT-MOBITEL mCash has helped normalize digital payments among households, small businesses, and large enterprises alike, contributing to steady year-on-year growth in electronic transaction volumes.
Beyond scale, mCash’s impact has been most evident in its contribution to financial inclusion. By extending low-cost digital financial infrastructure to micro, small, and medium enterprises as well as underserved communities, the platform has enabled access to formal financial services that were previously limited or unavailable. This has been particularly significant in rural and semi-urban regions, where mobile-based payments have reduced reliance on cash and improved participation in the formal economy.
The platform’s service portfolio has expanded steadily to meet changing market demands. In addition to mobile money wallets and bill payment aggregation, mCash supports collection management services, LankaQR acceptance, inward remittances, agency banking, and a range of value-added offerings such as agent solutions and co-branded financial products. This diversified model has allowed the platform to serve both B2C and B2B ecosystems while remaining adaptable to regulatory and technological shifts.
Speaking on the milestone, Isuru Dissanayake, Senior General Manager of Product Marketing at Mobitel and Chief Commercial Officer at eChannelling PLC, highlighted the broader vision behind the platform’s success. He noted that for over 12 years, mCash has remained at the forefront of Sri Lanka’s digital payments journey by focusing on secure, inclusive, and innovative financial solutions that empower communities, businesses, and the national economy.
Industry recognition has reinforced the platform’s credibility and innovation leadership. Over the years, mCash has received multiple national and international accolades reflecting its technological excellence and brand strength. These include recognition for outstanding innovation in digital payments and collections, awards for fintech popularity and brand excellence, and rankings among the most loved fintech brands in Sri Lanka. Such honours underscore the platform’s ability to combine functionality, trust, and customer engagement in a competitive fintech environment.
The platform’s success has also been underpinned by its alignment with national digitalisation priorities. As Sri Lanka continues to modernise its financial infrastructure, mobile money solutions like mCash have become increasingly important in supporting transparent payments, improving transaction traceability, and reducing operational friction for businesses and public services.
Looking ahead, the company has reaffirmed its commitment to advancing Sri Lanka’s digital economy by deepening its capabilities and partnerships. Future priorities include expanding enterprise-focused solutions, strengthening collaboration with financial institutions, and introducing next-generation fintech innovations tailored to evolving consumer and business needs. These initiatives are expected to further enhance efficiency, resilience, and inclusion across the payments ecosystem.
As SLT-MOBITEL mCash enters its next phase, its journey reflects the broader transformation of Sri Lanka’s financial landscape over the past decade. From pioneering mobile money adoption to becoming a trusted national payments platform, the brand’s evolution highlights how sustained innovation and strategic partnerships can deliver long-term value for both the economy and society.
With digital payments now firmly embedded in everyday life, mCash’s continued growth positions it as a key enabler of Sri Lanka’s transition toward a more connected, inclusive, and digitally empowered future.