Commercial Leasing & Finance collaborates with mCash to offer digitalised loan repayments

CLC Director/CEO Krishan Thilakaratne exchanging the MoU with Mobitel CEO Nalin Perera, flanked by (from left): Mobile Financial Services Product Executive Hiranya Karunarathne, Mobile Financial Services Assistant Manager Shehan Perera, Mobile Financial Services Manager Rishani Gunaratne, and Micro Finance Business Unit Head Harsha Kumarage, Microfinance Marketing Manager Uditha Panawennage, Senior Business System Analyst Dilan Jayawardena, Microfinance Coordinator Manusha Samarakoon

mCash, Sri Lanka’s pioneering mobile financial services platform, partnered with Commercial Leasing & Finance PLC (CLC) to enable CLC customers to make their loan repayments via mCash conveniently. CLC customers can now simply dial #111# or download the mCash Mobile App and select Commercial Leasing & Finance PLC by following the specific instructions given on the menu, or by simply visiting any 25,000+ mCash retailer locations island-wide. 

CLC is a member of the LOLC Group and is one of the leading financial service providers in Sri Lanka offering solutions ranging from leasing, fixed deposits, savings, loans, flexi cash to factoring. CLC has become a trusted brand synonymous with stability and dependability, playing an invaluable role as a key catalyst in financial empowerment through its vast network of customer touch points spread across the country.

mCash is spearheading breakthrough innovations in payments and collections and to enhance digital inclusivity in Sri Lanka. Apart from extending financial inclusion, mCash has redefined the way consumers carry out transactions with the use of a mobile phone. mCash has experienced immense growth over the last few years with a large clientele and growing customer base that continues to expand countrywide. Mobitel’s mCash has transformed the mobile money concept in Sri Lanka by introducing innovative features, and constantly creating ways in which mCash can be more inclusive and adapted to customer lifestyles.

mCash offers services such as sending and receiving money, mobile reloads and bill payments, utility, insurance, finance and leasing payments, online and in-store shopping payments via QR code, bank deposits and digital loans where customer could apply and get a loan from the mobile via mCash. 

To register for mCash simply dial #111# or download the mCash Mobile App from your Mobitel phone. To start using the mCash Account, Top-up using the mCash extensive retailer network that includes small corner shops to leading retail outlets adding up to 25,000+ touch points island-wide including Mobitel branches, SLT Teleshops, Singer showrooms, Abans showrooms, Keells Super, Lanka Bell, Amana Banks, Pay & Go Kiosks, Sanasa Development Bank or top up mCash directly from the mCash App by adding your bank account or using Commercial Bank, HNB, PABC and Cargills Bank Mobile and Internet Banking facility.