HNB Finance partners with Mobitel to offer Leasing and Loan Repayment via mCash

Tuesday, 22 October 2019, Colombo: Bringing the benefits of digitalization to a wider audience, mCash recently opened its platform to HNB Finance in order for the company’s customer base to enjoy ease and facility to make their Leasing and Loan Repayments via mCash. Apart from extending financial inclusion, mCash has redefined the way consumers carry out transactions with the use of a mobile phone, experiencing immense growth over the last few years with a large clientele and growing customer base. HNB Finance customers can dial #111# from their Mobitel phone or download the mCash App and select HNB Finance by following specific instructions given on the menu, or customers can simply visit any of the mCash retailer locations island-wide. As a pioneer in commercial based microfinance, HNB Finance is committed to be the leader in providing innovative, technology-driven financial solutions.

“With technological innovation resting at the heart of HNB Finance’s operational vision, the decision to tie up with a popular, trusted and efficient platform like mCash was both organic and obvious,” said HNB Finance Managing Director & CEO Chaminda Prabhath.

“To us at HNB Finance, this latest step underscores our continual willingness to evolve our processes and bolster our reputation within the financial services industry. We are confident that this partnership will enable both our organizations to deliver greater convenience to our significant customer base and spur further growth across our digital channels.”

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. mCash is a Mobile Wallet conceptualized by the National Mobile Service Provider,

Mobitel and approved by the Central Bank of Sri Lanka which was launched in November 2013, leveraging on its telecommunication infrastructure to securely enable financial transactions by using a mobile phone. Mobitel embarked on the journey of providing financial services in the country – allowing the entire financial industry to benefit from its core competitive advantages, such as the reach to customers and the distribution network spread throughout the country, delivering digital financial inclusion to every Sri Lankan.

mCash offers services such as Sending & Receiving Money, Mobile Reloads & Bill Payments, Utility & Institute Payments, Online & In-store Shopping Payments via mCashQR which has been developed to the global EMVCo standards, 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 16,000+ 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 Cargill’s Bank Mobile & Internet Banking facility.

Established in 2000, HNB Finance Limited is licensed as a registered Finance Company by the Monetary Board of the Central Bank of Sri Lanka. Maintaining an extensive island-wide presence across 48 branches and 21 service centers with the power of Hatton National Bank’s 715 ATMs, HNB Finance has over the recent past expanded into new fields of business and now offers Small and Medium Enterprise (SME) loans in addition to savings, gold loans, education loans, home loans, personal loans, fixed deposit facilities and leasing products.