Mercantile Investments partners with mCash to offer loan repayment via mCash

Thursday, 3 September 2020 01:09 - - {{hitsCtrl.values.hits}}

From left: Assistant General Manager – IT Prasad Indika, Assistant General Manager Sales and Marketing Lahiru Dayananda, Assistant General Manager, Recoveries Hirantha Tennakoon, Chief Operationg Officer/Non-Executive Director Dhanushka Fonseka, Mercantile Investments MD Gerard Ondaatje, Mobitel Chief Marketing Officer Shashika Senerath, Senior General Manager – Marketing Isuru Dissanayake, Manager Mobile Financial Services Rishani Gunaratne and Assistant Manager – Mobile Financial Services Shehan Perera

Expanding its rapidly-growing base of strategic partners, mCash recently welcomed Mercantile Investments onboard with its advanced mobile money platform.

Under the terms of this partnership, Mercantile Investments customers can enjoy the sheer convenience of making their loan repayments via mCash, the revolutionary mobile money platform which is transforming the country’s electronic payments landscape. mCash works in partnership with leading corporates across various sectors in order to make its mobile payment platform available for enhanced convenience and speed in conducting financial transactions.

Mercantile Investments has been at the forefront of Sri Lanka’s financial services industry for over 55 years, a trail-blazer in the financial services industry specialising in a wide range of innovative financial solutions including vehicle financing, leasing facilities, deposits and savings, micro-finance solutions, business loans, personal loans and mortgage-backed loans as well as pledge-loan facilities.

Having formed a partnership with mCash, the finance company’s customers can simply dial #111# or download the mCash App and select Mercantile Investments by following the specific instructions given on the menu or simply visit any of the mCash retailer locations island-wide to make loan repayments instantly.

In addition to 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, in-store shopping payments via QR which has been developed to LankaQR standards of Central Bank of Sri Lanka, 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# from your Mobitel phone and to start using the mCash Account, top up the mCash account using the mCash extensive retailer network that includes small corner shops to leading retail outlets adding up to 25,000+ retailer network/touch points island-wide including Mobitel Branches, SLT Teleshops, Singer showrooms, Lanka Bell, Pay & Go Kiosks 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.

mCash is a mobile wallet conceptualised by the national mobile service provider, Mobitel and approved by the Central Bank of Sri Lanka.