Dialog Axiata, Sri Lanka’s leading mobile operator launched mobile money payment system yesterday with the consent of central bank, Sri Lanka.
Dialog is the first operator to be licensed by Sri Lanka’s central bank to make mobile payments.
“The dawn of the mobile money era in Sri Lanka has been made possible by the progressive, and financial inclusion focused, regulatory ethos of the Central Bank of Sri Lanka,” Wijayasuriya said.
“In this respect Sri Lanka’s payments and settlement legislation and Mobile Payment regulations stand among the most progressive in the world.”
Earlier Dialog started service for people who had credit cards or bank accounts which had around 25,000 users, but the new service is completely stand alone, under new central bank regulations and does not need a bank account.
Customers could load cash from 10,000 outlets around Sri Lanka to their ‘eZ Cash’ branded mobile account or transfer money from an internet banking account.
They could also withdraw up to 10,000 rupees a day from the outlets with the cashier being a human teller, Wijayasuriya said. The same network of dealers that are now doing mobile top ups for prepaid phone customers would offer the mobile wallet service.
All registered Dialog customers could open a 10,000 rupee wallet through the phone with no additional documentation and no registration fee. An account with a 25,000 rupee balance would need additional verification.